todaysgazette.com
ABBC Coin Price Prediction
The cryptocurrency which shares name with the Asian online retail giant, Alibaba Group Inc, shows a contraction of -2.14% in the last 24 hours with a current spot price of $ 0.188716 per unit at the time of writing. Its market capitalization of almost one hundred million dollars allows the placing of the altcoin in the 62nd position of the general ranking .
For this quarter that has just begun, Q2 2019, ABBC Coin presents an upward trend with a strong boost from levels of $ 0.155 to a maximum of $ 0.21, more importantly on the day BTC also managed to catapult to the barrier of six thousand dollars per unit. Although in the last hours, ABBC Coin has been oscillating movement between the bands of $ 0.185 – $ 0.195, ABBC has managed to maintain bullish.
Its volume remains at a good level, as well as the Aroon Uptrend indicator at the top of the chart and Chaikin Money Flow (CMF) above zero, are showing us that ABBC Coin will be bullish for this quarter and that we could see it again reach levels of R1 of $ 0.20 soon.
Also Read: After Settling Dispute With Alibaba.com, ABBC Coin (ABBC) Soars By 100%
For the rest of the year, ABBC presents an optimal price level above the one-hundred-day moving average, which projects maximum cuts of $ 0.30 by the end of the year, should BTC continue its good level and captivate on the uptrend.
Its strong support can be seen in levels of $ 0.10, which would be the worst scenario of ABBC.
For now, a moving average of $ 0.25 is estimated for Q3-Q4 2019, which represents an excellent profit of + 35% in the long term.
The Momentum and RSI indicators remain at a good level, indicating the strong current fight between bears and bulls struggling to dominate the ABBC Coin market.
Ravencoin (RVN) Price Prediction
The cryptocurrency focused on privacy, Ravencoin (RVN), presents a sharp drop like the rest of the coins in the market, with a correction of almost eight percent (-7.92%) in the last 24 hours, to be quoted a spot price of $ 0.0468 per unit at the time of writing.
Ravencoin (RVN) urrently occupies the 43rd place in the general ranking with $ 162 million dollars market capitalization.
The cryptocurrency presents an interesting scenario in its 1D chart. Its upward momentum is cyclical as we can see by x2 in relation to the last movement registered in October-November 2018. The recent cycle started in February 2019 and its maximum climax was completed in April 2019.
The weekend will be key for Ravencoin (RVN), since it has established its key support at the level of $ 0.0462. If not exceeded, we could see RVN set new higher lows and complete the third wave of Elliot up to levels of R1 ($ 0.0692), a +39.77 profit for the rest of Q2 2019.
Also Read: Veteran Says Bitcoin (BTC) Price Profile Indicates $19800 is close. How Soon?
If this pattern is correct, we could say that Ravencoin (RVN) for the rest of the year achieve new historical highs that would be projected halfway through Q4 2019 above $ 0.080 per cryptocurrency.
Enjin Coin (ENJ) Price Prediction
Like the rest of the market, Enjin Coin (ENJ) did not escape the volatility of BTC and has fallen at the time of writing by -5.46% in the last 24 hours, dropping its price to levels of $ 0.0141 per unit. Its market capitalization is just over $ 108 million, positioning itself in the 57th place of the general ranking.
Enjin Coin (ENJ) is currently trying to resist the break point generated by the isometric triangle at the $ 0,138 level, with its first wave completing a corrective pattern of strong trend at support levels S1 ($ 0.078) predicted for Q4 2019 beginnings according to Elliot Waves Triple Correction.
Also Read: Latest: Ripple Powering Remittance Betw India & Saudi Arabia, Courtesy Of SaBBBank Partnership
The best scenario for the token focused on video games, which is also supported by the giant Samsung in its Galaxy S10, is projected for the end of the year when EJN can recover lost space and generate new highs close to R1 ($ 0.23) that foresees a profit of up to x3 in their prices.