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  |   Technicals


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.


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