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The two most promising altcoins for the second quarter

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TOP 2 SUPER UNDERVALUED ALTCOINS FOR 2021 AND BEYOND | 100X POTENTIAL

The two most promising altcoins for the second quarter

The two most promising altcoins for the second quarter
CONTENT

  • Ethereum met support above ₿0.0225 and is following a downward resistance line.

  • TRON is trading in the 175 and 205 range and the RSI signals bullish divergence.

  • Both tokens can grow significantly this year.

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Ethereum (ETH) and TRON (TRX) have shown decent gains since April 6, gaining 10% and 6% against bitcoin, respectively.

In addition, short-term patterns show that the current rally is in its early stages, which suggests a further rally in both tokens..

The two most promising altcoins for the second quarter

Ethereum (ETH)

Renowned cryptocurrency trader @PostyXBT tweeted an Ethereum chart showing a symmetrical triangle. According to him, the coin is waiting for a new wave of growth in the direction of resistance ₿0.0245.

A closer analysis of the dynamics of ETH, you can see that the price confirmed the important support level ₿0.0225, which acted as resistance from August 2018 to February this year. After its breakout, the quotes reached a maximum of ₿0.0284, and then moved to a decline.

$ ETH

Anyone else expecting another leg up for #ETHBTC soon? pic.twitter.com/hG4tctCX13

– Posty (@PostyXBT) April 14, 2020

Given that the support has held out, it can be assumed that we saw a slight deviation in late March-early April, and ETH is ready to continue the rise. To increase the likelihood of a bullish scenario, the price must break through the descending resistance line, which has already blocked the way up three times.

Soon, the token will have to decide whether to break through the descending resistance line or lose support.

The short term charts are in favor of a bullish breakout. The price is inside a symmetrical triangle. This is a neutral pattern that usually results in a continuation of the previous dynamic..

The two most promising altcoins for the second quarter

A break through the entire length of the pattern will send prices to the resistance of .00.0245, which was mentioned in the tweet.

TRON (TRX)

Trader @BillGK_Crypto points to the TRX chart, where the price has confirmed an important support level and is preparing for a new wave of growth.

The old saying goes..

TA: This line said

FA: This bloke said $ TRX fits into the ‘this line said’ this time around.

Continues to consolidate above reclaimed level & has held relatively well so far relative to other major $ alts during the recent $ BTC volatility. pic.twitter.com/274Xg3P5G4

– BillGK (@BillGK_Crypto) April 14, 2020

TRX has been trading in the 175-205 Satoshi range since October 2018. On March 25, quotes sharply lost support, but immediately rose back. This is a bullish signal that indicates a positive mood of the coin..

Moreover, the daily RSI provides significant bullish divergence signals that precede a rally. Altcoin is expected to rise to 205 satoshi or at least 200-day moving average around 195 satoshi.

The two most promising altcoins for the second quarter

The bullish scenario is also supported by the fact that TRX has already broken the descending resistance line.

As long as the coin is above the 175 Satoshi level, the auspicious scenario remains in effect.

 

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