Monero’s price has been ranging between price levels of $48 and $52 for the past 14 days. It touched the preliminary resistance level on 24th feb'2019 and dropped 16% +. The privacy coins future is one of the strongest, with fungibility. Cryptographic experts acknowledge one of the best privacy coins 2019.
Let's look at the Daily(D) time frame chart of the pair:
XMR/USD pair touched the preliminary support area around $47 and surged 12%+. It seems this price level is providing preliminary support. It needs to break preliminary resistance level $55-$57 with buying volume for further bullish momentum.
It broke above 200D-SMAs and entered the Ichimoku cloud which is slightly bullish for the asset.
Also Stoch-RSI is moving into the overbought zone(sell signal)and MACD indicators are bearish as well which might lead to a down correction in the coming day.
Caution: If the last line of support $38-$39 is broken down then one should not hold the coin as it would be strongly bearish(sell signal) for the asset.
DASH/USD pair is following a similar market structure to XMR/USD pair.DASH’s price ranged between price levels $76 and $84 for 14 days and broke out of range on 13th March 2019. It moved up 12%+ and correcting a bit.
Let’s look at the Daily(D) time frame chart of the pair:
The pair has touched the preliminary resistance level $90-$92 twice and might breakout upside after consolidating a bit.
It has entered the Ichimoku cloud and broke above 200D-SMAs recently which is slightly bullish (buy signal) for the pair. Breaking the major resistance will be strongly bullish (buy signal) for a long-term hold.
Caution: If the last line of support $58-$56 is broken down then one should not hold the coin as it would be strongly bearish (sell signal) for the asset.
ZEC/USD saw a sudden drop (wick) to $15 from $50 price level on 4th March 2019 on Bitfinex exchange.
Let’s look at the Daily (D) time frame chart of the pair:
After dropping more than 60% on 4th March 2019, it closed above major support level around $44-$46 and moved up 12%+ till now.It is slightly bullish (buy signal) for the pair.
It has yet to cross above 200D-SMAs and Ichimoku cloud to be strongly bullish mid-term. Stoch-RSI and MACD indicator is curving to bearish zones which might lead to a further pullback.
Caution: If the last line of support $44 is broken down then one should not hold the coin as it would be strongly bearish(sell signal) for the asset.
If we do privacy coins comparison then all three pairs are trending with similar structure and might move up-down accordingly.
Note: The above references are for information and educational purposes only. It is not intended to be a piece of investment advice.
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