Hello dear followers,
I made a list of the coins that will be attending in the Consensus 2018 in NYC on the 14-16th of May. Do keep in mind that this meeting has pumped the 'BTC' value every year by about 50% to 100%. Bitmexlifestyle published an analysis of that and its not to be taken lightly. Not only is 'BTC' affected of this meeting but also the altcoins, especially the ones that are attending it.
So here is a list of those coins and I will be analyzing a few of them today: WAVES, Emercoin, Monaco, Trust Token, Zcoin, VeChain, 'CDT' (Blox), 'HGT' (Hellogold), SALT, Polymath, Zcash, Enigma, Pundi-X, Atonomi, QTUM, Ripple, AION, SONM, Ripio, 'Stellar', Agrello, ARK.
In this post I'll be looking for Zcoin. Please give me a thumbs up and dont forget to follow if this information was useful for you. And if you want me to analyze your coins please mention it in the comments section below.
Zcoin is continuing its descending price movement in the downtrend channel of the ascending triangle that it is in. I dont want to be all pessimistic on it since the the 20MA(red) and 50MA(blue) have just met the 200MA(green). If they can manage to get on the 200MA which is the king of the chart meaning that we will see a price rise. This should break the downtrend channel and allow to potentially have a breakout of the ascending triangle. The 4300 price level is a good buy in level. :)
Bunches and bunches o' love.
Yours truly,
DaniCryptoPro