Cryptocurrency analysis: Bitshares, Zcash, Golem, Stratis, Ditbyte
Tracking coin rates on coinmarketcap is almost always upward trend and in the near future promises to have the same price movements as in recent weeks. Bitshares , Stratis and Digibase all tended to move sideways after prices shot in early June, while Zcash and Golem were heading in different directions but still in the long run.
The impact of the recent bitcoin price rally has dragged small caps down, but there are some coin that shows relative strength and could open up great trade opportunities in the coming days.
Zcash (ZEC)
ZEC / BTC - chart 4h
ZEC coin is the strongest currency in recent times and Bitcoin price adjustment has reduced the ZEC / USD pair by 30%, but Zcash is recovering fast and consolidating below $ 400 a Again. The pair of ZEC / BTC is in the uptrend, with a support level of 0.15. Maybe ZEC will need a few more days to get higher. With this outlook, Zcash may set a direction toward 0.18 and 0.20 BTC targets and towards $ 430 and $ 515.
ZEC / USD - chart 4h
Stratis (STR)
STR / BTC - chart 4h
Stratis remained at the support level of 0.002 during the price adjustment and is currently consolidating its upward trend at 0.003 in the BTC. Long-term STR is likely to move higher and we expect to see resistance at 0.0046 in the coming weeks. Long-term goals are at 0.0055 and 0.0065.
Bitshares (BTS)
BTS / BTC - chart 4h
BTS coin is trading a long-term consolidation model after a strong price rally, and the currency is holding the latest adjustment, with the BTS / BTC pair between 0.000115 and 0.00013. BTS has a strong support at the level of o0001 and expects to reach a high of about 0.000175 in the coming weeks. Short term investors should wait to break the 0.00013 level.
DigiByte (DGB)
DGB / BTC - chart 4h
DGB coin has entered a deep correction after a strong 1,000% gain at the end of May, so the DGB / BTC now has a support level at 0.000010, which is a good starting point for long term investors. The Digibays are short-term, with no clear buy signal, but we still expect a move in the coming days. The resistance near 0.000016 will be the initial target before reaching a new high of 0.000026.
Golem (GNT)
GNT / BTC - chart 4h
GNT coin had a high rally in the previous week according to the BTC and peaked earlier at 0.00026. The Golem has a short-term buy signal at the support level of 0.00022 and the next target is 0.0003 and 0.00032. According to the long-term image, the MACD line will continue to need time to continue to reach higher positions.
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Compiled by @kozak
Great posts. See you are pretty new, just like me, but keep up the good work. I'm waiting to see what happens with DGB.
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