Price Analysis: Verge (XVG), Ethereum Classic (ETC), Eos (EOS) and Binance Coin (BNB)

Market is still tedious, stuck at $200-220 billion overall cap with couple of coins surging due to the new exchange listings or speculation on the same.

Top coins are dominating the headlines so we will look a bit at the second tier coins and what are they up to: EOS, ETC, XVG and BNB.

Verge – XVG

Start thinking, that $XVG is dead, though many people believe in this project, but here are the facts:
1) JustinVendetta dissapeared right after 2 pumps and since then he didnt say a word on public
2) No real catalysts coming with no dates. They have stopped publishing dates of roadmap, as i think because they do really nothing.
Merchandise store is 90% done for almost a year, code update is 90% half a year, mining, etc…nothing is done so far.
3) Community is ruled by toxic moderators. Gor banned for just asking questions and arguing in Telegram and Discord
I think $BTC will drop too, that will lead to a mass alts selloff, with everything said above, i think Verge gonna drop really hard, and the only what can save it later is another P&D scheme, that Verge was doing before.
That kind of things can ruin the brand and can destroy the project.

HydroPanic

 

Eos – EOS

EOS made a violent bearish 1D candle last week to touch 5.000 but was not enough to break the Triangle pattern on 1D, which is still neutral on RSI = 49.583, ADX = 19.173, Williams = -48.590, CCI = -11.4980, Highs/Lows = 0.0000. This prolonged consolidation is gradually turning the bearish 1W trend ( RSI = 44.209, MACD = -0.879, B/BP = -1.6696) to neutral (Highs/Lows = 0.0000, STOCHRSI = 52.210) as the Triangle is metrically considered a long term support. A Lower Low is needed now below 5.000 to break the pattern and start forming a new Channel Down. Our long term TP on EOSUSD  set is intact = 3.8925 and 1.6921 in extension.

InvestingScope

Ethereum Classic – ETC

TP = 9.505 hit as ETC made a new Lower Low near 9.000 right before it jumped on a fundamental spike just above 11.000, trying the full width of the new 1D Channel Down ( MACD = -0.469, Highs/Lows = -0.2671, B/BP = -0.4798). We are still within the 1W Fallling Wedge territory but much closer to its supporting trendline so a test of the 8.500 – 7.700 support array is required to determine the bands. Our new targets for ETCUSD are 8.500, 8.000 and 7.700.

InvestingScope

 

Binance Coin – BNB

Despite the weekly (non-technical) volatility (ATR = 0.4643), the Binance Coin has created the anticipated Channel Down on 1D but remains largely neutral ( RSI = 50.191, MACD = -0.050, Highs/Lows = 0.0000) due to Monday’s spike. The 8.8857 and 8.2522 support levels need to break on this Channel Down. Our TP on BNBUSD remains 7.5154.
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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

Sarah Wurfel

Sarah Wurfel

Sarah Wurfel works as a social media editor for CaptainAltcoin and specializes in the production of videos and video reports. She studied media and communication informatics. Sarah has been a big fan of the revolutionary potential of crypto currencies for years and accordingly also concentrated on the areas of IT security and cryptography in her studies.

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