Top 3 Privacy Coins Detailed Price Analysis March 19

Anisa Batabyal
| 29 March, 2019 | 2 min

1.Monero (XMR/USD)-Bitfinex

Monero pair touched the preliminary resistance level around $55 mentioned in the previous article on 15thMarch'2019 and dropped 8%+ recently. Cryptographic experts acknowledge one of the best privacy coins 2019. The privacy coins future is one of the strongest, with fungibility.

Let's look at the Daily (D) time frame chart of the pair:


XMR/USD has been ranging between $48-$56 and touched preliminary resistance level twice. There is a fair chance that it will break through the preliminary resistance and reach next resistance levels.

  • Safer entry for the asset will be once it broke the preliminary resistance($55-$57) and successfully retest this level as support.
  • Risk-taker can look for price levels between $ 50-$52 for mid-term hold.
  • Sellers can look to sell the assets around the various resistance levels marked on the chart for mid-term.
  • Pair has been trading above the 200D-SMA and within the Ichimoku cloud with slight Kumo-twist.
  • Stoch-RSI and MACD indicators show signs of further movement upside.

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.

2.DASH (DASH/USD)-Kraken

Pair, after trading near preliminary resistance level defined in the previous article, broke above it and moved 7%+ against USD pair.

Let’s look at the Daily (D) time frame chart of the pair:

  • Safer entry for the asset will be once it broke the preliminary resistance and successfully retest this level as support around $89 for mid-term hold.
  • Pair has been trading above the 200D-SMA and within the Ichimoku cloud with slight Kumo-twist.
  • Stoch-RSI moving into the overbought zone while MACD indicator shows signs of further movement upside.
  • Breaking down below the $76-$72 would be early bearish signs (sell signal) for the pair.

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.

3.Zcash (ZEC/USD)-Bitfinex

Pair has touched the preliminary resistance area mentioned in the previous article but couldn't manage to close above it with dropping 14%+ against USD.

Let’s look at the Daily (D) time frame chart of the pair:

  • Interested buyers can look for buying the asset once it has broken the preliminary resistance($58-$61) and can enter on a successful retest in that area.
  • Risk-taker can look for price levels around $ 54 for mid-term hold.
  • Pair has been trading above the 200D-SMA and within the Ichimoku cloud with slight Kumo-twist.
  • Breaking below the $50 price level would be early bearish signs(sell signal) for the pair.

Caution: If the last line of support $45 is broken down then one should not hold the coin as it would be strongly bearish (sell signal) for the asset.

Conclusion

If we do privacy coins comparison then all three pairs are trending up and down with a similar structure.

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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