The altcoins are hunting for the flow of money Bitcoin is losing in the last few hours to try to attract the eye of investors seeking profits in short and medium terms for Q2 2019 .. In the middle part of the top 100 there are some coins reporting interesting movements as at the time of writing.
Ravencoin (RVN) Price Prediction
It is ranked 44th in the overall ranking and has seen double-digit growth in the last 24 hours of up to 17.92%, to trade at a spot price of $ 0.0438 USD. Its capitalization market has grown significantly up to $ 138 million dollars, thanks to its high volume in the last hours.
The open source platform has seen growth at levels close to that of October 2018, when a Pump and Dump event occurred, evident in the price of the token.
However, unlike October 2018, RVN price increase at the moment seems to be due to the increase in its use cases, that is, a solid adoption generated by the altcoin. This is why we can see a greater delay of up to 11 additional days in the price increase while we still have to reach the level projected by the Elliot Wave triple correction drawn on the orange line (wyxz).
To be more explicit, the RVN price is expected to reach a maximum of R1 ($0.6328) by the end of April 2019 and then begin a correction to levels of $0.046 for the rest of Q2 2019.
Therefore, the profit levels for early investors will be nice in double digits for Q2 2019. Another factor to consider for this assertion is the entry of money to the altcoins through investment and transactions, especially different to the proposal of Bitcoin or similar, and RVN It is one of them.
s if those were not enough, indications from Aroon supports our projection by gesturing UpTrend Aroon at the top of the graph (green line), depicting that the bulls still have a lot of ground ahead.
Verge (XVG) Price Prediction
The currency focused on privacy and large alliances with important companies in the adult entertainment sector, is also receiving benefits from the migration of Bitcoin money to altcoins.
Its price at the time of writing is $0.00732 with almost 6% increase in its price in the last 24 hours. Verge remains in position 54 of the general ranking of cryptocurrencies owing to its $115 million of market capitalization.
Verge (XVG) was affected last year by series of hacking events, which put its security capacity into question, however despite this, it achieved important cases of use with top-notch companies in the pornographic field and beyond. Despite this, its price did not grow as expected and basically it was due to the necessary time that had to pass for its adoption in this sector.
Apparently, the present growth coming at this time is expected to be higher in the second Q2 2019.
In the 1D graph, we can see that a wedge and support pattern has been formed with an ascending channel that began with the break at the beginning of February 2019. Its strong support price is precisely in the pattern change, in the S1 ( $ 0.0054).
Additionally, Verge has formed a Cypher pattern (purple XABCD), which is perfectly projected to repeat itself according to the triple combination Elliot wave (OWXYZ).
In this chart we can also expect that Verge’s bullish trajectory will begin to appear stronger from mid-April 2019, at this time, a crossing of EMA 25 with EMA is projected for 100 days, and this will reinforce its ascending channel path.
If things stay that way for Verge, we could estimate prices for Q2 2019 of up to $ 0.0104 USD per token. This would significantly be a profit in relation to the current level of up to 40% increase in its price.
Finally, the Chaikin Money Flow indicator has dropped slightly to the mobile average line, but still in the inflows area, greater than the outflow of money from the XVG ecosystem. This would allow Verge keep betting to enter the projected bullish race.
ABBC Coin (ABBC) Price Prediction
The cryptocurrency created by the Alibaba foundation, has begun to decrease in price with a contraction of up to -1.33% in the last 24 hours to be quotes at the time of writing at a spot price of $0.244 per unit.
The token ranks 55th in the general ranking with a market capitalization of $111 million. Despite having descended from its historical peak at 85% of the price reached on October 5, 2018, in the past 30 days it has achieved an astronomical boost of 257.3% in its price.
The cryptocurrency at this time has a pattern similar to that which it had after its launch and there are high chances that with a more mature project, a turn towards the altcoins for use cases will add to ABBC Coin, and its price will be benefited for the next 60 days.
Its price will move between the bands of S1 and R1 as maximum stops and bases. Your Elliot Wave Correction pattern projects an estimate for Q2 2019 starting from $0.6 per token.
We hope that the Elliot pattern once fulfilled at point C (orange line), we can see an average price of $0,379 USD for much of Q2 2019.
A possible EMA cross for mid-April could boost the price of the asset to levels close to R1 ($ 0.91). The worst scenario with little chance of happening for the next Q2 2019 would be at levels of $0.62- $0.72.
The Chaikin Money Flow (CMF) indicator is once again propelling itself into the upside, as it does not find ABBC Coin support at Elliot’s “B” point, which will significantly change the pattern for the entry of more capital that will make the start of the next Q2 2019 an uptrend.