Hello again, this Sunday I would talk about the weekly performance of the 3 most capitalized privacy coin on the crypto world, it seems that Zcash was able to jump up and surpass the performance of the other two coin we are tracking on this weekly post (see last Sunday post).
Screenshor from coincodex.com
Monero
Monero is keep taking the path of the positive trendline in a very regular way, this month the trendline was touched a couple of time and every time it had happened the valuation was able to jump up.
Right now we are between two key levels of 67,7 Dollars and the 69/70 Dollar that mark an important resistance to a further continuation of the accumulation phase, the 70 Dollar barrier was able at least 2 other times to push back the bulls attack to higher levels.
If bulls will win this battle we may expect a run without many trouble till the 79 Dollar level, this will be a very important battlefield as bulls would have the chance to go to the maximum of the year.
Right now if we will see a defeat of the bulls we could loose this trendline, and the support at 60 Dollar is just defended by a weak support at 64 Dollar.
The next two support will remain valid as last week, at 56.40 and 54 Dollar we find some hope that a possible downtrend will find a turnaround in another positive uptrend.
Zcash
Zcash is following a good ascending trendline started from the bottom of march 13, the trend is looking regular with the waves that sign maximum and minimum higher than the previous, the previous week resistance was all surpassed (at 48.7 50.0 and 53.2 Dollar).
The first level of support is at 61,7 Dollar, this level look pretty high right now but this cryptocurrency could make some other jump in the near future, the second resistance is at 66.7 Dollar.
This set of resistance are the prelude to the top of the year that we can identify as the last resistance we see so far at around 73 Dollar, for reach this level bulls must be prepared to a long run, bears would try hard to fight the breakout of the 66.7 Dollar level and if we will see the price test the 73 Dollar level we may see a fast run between those two levels.
As the quotation are pretty high right now we may expect a retracement down than in this case we set the support at 49 Dollar, in case this support would not resist to the selling pressure we see another level at 46.50 Dollar with a last support at 44.40 Dollar.
Those three levels must be able to slow down a mini downtrend and expecially the last one because in the case of a breakdown of this support we may see a breakdown of the trendline Zcash is following since mid march.
DASH
Dash is still in a trading range and look like the valuation are keeping quiet, in this case the support levels are at 72 Dollar and 70 Dollar in a first step, we keep valid also the next support at 67 Dollar.
Just a breakdown of the trading range will be a negative signal, all the movement between the two lines are considered as normal fluctuation, as the price is approaching the 80 Dollar level let’s see the next resistance.
The psychological level at 80 Dollar is the next test, we see that this price was easily surpassed in the past then we don’t see as a serious threat to an eventual uptrend.
The 83.3 Dollar will be a preparation for the real battle at 88.5/ 90 Dollar resistance, this may be a very important milestone for a further run of Dash valuation.
I don’t expect that the 90 Dollar level will be touched very fast but with crypto we never know what could happen
I expect BCH to be there. BCH uses CashFushion for that purpose as well. Good information. Keep it up.