FxWirePro- Weekly Top altcoins pick (Strength index)(RUNEUSD and ZECUSD)

Top Altcoins Strength Index (4- hour chart calculated using EMA and Average directional  index )






Pair Value Recommendation
RUNEUSD 361.96 Strong Buy
ZECUSD 375.40 Strong Buy

Trend and levels to watch Pair






Pair Short-term trend Long term trend Major resistance Major Support
RUNEUSD Up Up $10.36 $6
ZECUSD Up Up $168 $125

Key Highlights

 

THORChain trades higher for the third week and holds well above short term (21 and 55-W EMA).

 

It could gain momentum if it clears $8.

 

RUNEUSD was one of the best performers this month and surged nearly 100% as DeFi synthetic assets goes live. It allows users to swap one asset with other assets easily. Short term trend is bullish as long as support $5.85 holds.

 

Resistance- $8,$10.35

 

Support -$6,$5.

 

Zcash

 

Zcash is one of the digital coins with privacy features. The pair gained more than $60 on an inflow of more than $420 million last week. It hits a high of $166.45 and is currently trading around $139.92.

 

On the higher side, near-term resistance is around $168 (38.2% fib) and any breach above targets $195/$221. The immediate support is around $135, the breach below will drag the pair down to $125/$100.