The market remains moribund around Bitcoin’s $4,000 support and $4,100 resistance level but the likes of Basic Attention Token, Zcash and Dash are trending on the rising wedge with a strong traction that signals complex long-term gain according to their 2 hours market chart.
The three tokens are already breaking out of their bearish zone with a bullish reversal uptrend. According to Coinmarketcap, the three coins are the highest gainer amongst top 50.
Basic Attention Token (BAT) Intraday Price Analysis: A Bullish Trend Against The Bear
Basic Attention Token (BAT) is anchored on the 23rd position in the market table, thanks to its market cap that is slightly above $365 million. As at the time of writing, the value of the cryptocurrency has skyrocketed by 9.9% to be priced $0.293054 against USD, making it the second highest gainer amongst top 50 coins today.
In the long term, BAT has already tested its immediate resistance level $0.311 which was predicted for mid Q2 2019 by some analyst. And now its price is moving confidently between the bands of R1 ($0.2904) and R2 ($ 0.311), with signs for a breakout in the next few day without problem.
The behavior of Elliot Wave confirms that Basic Attention Token will make it back with a solid traction at the R2 level.
The 100 SMA coincides with the longer-term 200 SMA, an indication that the path of least resistance is to the upside even though at a slow momentum.
Zcash (ZEC) Price: Prediction For New Solid Resistance Up The Table
Certainly, Zcash(ZEC) is one of the highest market gainer today. The altcoin began waging incessant struggle on the upside trend toward the end of the North American Trading session yesterday, thus, Zcash remains on the rising wedge.
As at press time, the price of the cryptocurrency has risen to a spot price of $62.66 USD per token with an incredible growth of 8.68% against USD and 8.01% against BTC while trading at 0.01519553 BTC.
The market cap of Zcash which is around $390 million makes it hold the 22nd position firmly in the market.
Zcash (ZEC) has exceeded the expectation of many in the crypto space including avid experts with it present high value in the market. While other coins including the crypto lord is just trying to find a solid traction on the upside trend, Zcash stands firmly on the rising wedge.
The great momentum Zcash is pulling towards the ceiling has made us study its prolific outlook for the next few days. In fact, ZEC still maintains a support level of S1 ($55.58), which is very far from it present value on the graph. An excellent sign for a positive value entry.
In addition, ZEC displays a correction against its previous dip in relation to the pattern it maintained between March 24th to 27th. This allows us declare a solid forecast on the upside trend to give the cryptocurrency a new resistance above the $63 market in the next 3 days.
Such bullish behavior, if maintained, could trigger another move to $65 resistance level in another 2 days. This pattern is confirmed in the short term by the Aroon indicator with a bullish trend on the market table.
Dash Price Analysis: A Downward Trend For Possible Support Correction
The 13th most rated cryptocurrency in the market table is performing beautifully in the market beyond doubt, exceeding any crypto in the top 50 with a gigantic 10.57% added value in the last 24 hours.
The market cap of the altcoin which is just slightly above the $1 million mark makes it remain on its present position as Dash gibbers for a higher place on the table.
As at the time of writing, the market value of the cryptocurrency stands at $114.72 USD per token, and it is trading against Bitcoin at 0.02781672 BTC after adding 9.89% to its value within the same period.
The adoption Dash is witnessing in Venezuela especially due to the economic crises of the country seems to be one of the major factor underpinning the growth of the altcoin in the market.
The last few days of the privacy oriented cryptocurrency, Dash, has been featured with a rally between S1 ($96.035) and S2 ($87.263). However, Dash later opted for a bullish rally up the graph.
Dash ended the previous month and transited into the present month with a bullish momentum, taking the value of the altcoin up from S2 to R1 ($118.317).
The 2D chart of the cryptocurrency allows us to indicate a bullish scenario in the short term. The Elliot Wave projection is also up to the maximum R2 levels of $121.024