Crypto Netflix Serie Star Again
Hey Rubikators, we liked the last result of our previous chapters of this Crypto Netflix series so much that we decided to extend our technical analysis beyond the top 10 of the main cryptocurrencies in the market.
Before letting you know the surprise we have prepared, we invite you to read the previous chapters.
In summary, in the previous chapters we share the technical analysis of the Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS and Binance Coin currencies. For this opportunity, we bring you, Monero, Stellar and Tron. Enjoy it!
The Least Recommended
We know that Monero has not had a very good past since the last problems faced. It is particularly one of the least recommended projects to invest. Anyway, when it was written this article, and after the last price drop, it is now valued at approximately $58.73 and with strong support in the 78% line of the Fibonacci retraction and in conjunction with the EMA100 crossed with the EMA9 on the daily chart.
We can see that there is a very low volume of negotiation, and with the MACD directed towards the high trend and RSI with approximately 70 points, it is significant to recognize that it entered an overbought zone.
In our vision, it could be starting a wave 3 of Elliot or continuing with the correction of wave 2. Other indicators at the moment show some indecision in relation to the following direction of action prices.
Important resistances: $60.73 and $62.34 (EMA200).
Important supports: in addition to the point already mentioned above, we have $53.03 (EMA50 cross EMA21); $50.34; $47.63; and $45.49.
Finally we can see that in the last days it broke one of the downward trend lines of the low channel in which the price had been falling.
The One That Thought As Scam
Tron at this time is valued at approximately $0.01479 and the price action is below 78% of the Fibonacci retraction line and trying to stay on a wave 3 of Elliot and mainly supported by the EMA50 at the point of $0.0145.
MACD continues to show the recovery trend and RSI shows approximately 56 points towards the overbought zone.
Main Resistances: $0.0152;0.01526 (EMA100); and $0.0161.
Important supports: in addition to the point made by the EMA50, we have $0.01425 (EMA9); $0.0139 (EMA21); $ 0.01375; and $0.01291.
Other indicators show correction of neutrality with respect to the direction of the price action. Personally, we will continue studying to know if Tron is really one of the coins !SCAM! market controversies. What we do know is that so far the project is being used by several video game platforms.
A Really Fast Protocol
Stellar is protecting around $0.048635, below 78% of the Fibonacci retraction line since the last price drop, and now it’s wanting to stay within an Elliot 3 wave according to our vision.
Other indicators show little negotiation relationship and some neutral trend with low volume.
Important resistance: $0.0509 (EMA50) and $0.05735 (EMA100).
Supports to consider: $0.0475 (EMA21, EMA9); $0.0455; and $0.4363.
We personally think that Stellar is really faster than Ripple and has good functionality.
With that, we just want to extend the invitation for us to build a new decade in this market with many successes and good profits.
Last Results — December 2019
We have compiled all the results for the month of December 2019!
Congratulations toa all members👏🏻.
Total Profit: 1118% — Total Radio: 50.82% — Stop Loss: -332%
Number Of Winner: 12 — Number Of Loss: 8 — Total Signals: 20
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