XRP, Algorand, Zcash Price Evaluation: February 21

XRP has fashioned a triangle which may see a breakout to the upside supplied market bulls stay robust within the $ 0.5 area. Algorand failed to interrupt above $ 1.42 and was heading decrease on the charts, whereas Zcash confirmed a drop to $ 150 is probably going.

XRP

Supply: XRP / USD on TradingView

XRP fashioned a descending triangle sample and was valued at $ 0.519. The overcharge of the $ 0.54 Fibonacci retracement stage has been returned to resistance.

Highlighted in cyan, a potential route for XRP costs over the following few days. Invalidating this concept would break XRP beneath $ 0.49 with important quantity. An extra take a look at of the $ 0.51 stage as assist is probably going within the coming hours because the RSI has slipped beneath impartial 50 to indicate rising bearish stress.

Algorand [ALGO]

Supply: SOMETHING / USD on TradingView

Algorand appeared to type a bull flag over the better durations of time because the descending channel (cyan) varieties the flag. Nevertheless, this was not the case for the value. ALGO encountered robust resistance at $ 1.42 and was unable to achieve that stage.

It’s pushed decrease in the direction of $ 1.26. Because the bears take management of the market at $ 1.42 within the current previous. The superior oscillator was transferring beneath the zero line to point bearish momentum. Shedding the $ 1.26 and $ 1.2 stage may see ALGO fall again to $ 1.

Zcash [ZEC]

Supply: ZEC / USDT on TradingView

ZEC fashioned a rising wedge and slid underneath the sample to point a return to the sample base within the $ 140 space. The MACD has steadily declined in current days.

The previous assist stage at $ 172 retests as resistance to verify a downward motion. The $ 158 mark may block ZEC’s descent, however doubtless not for lengthy. OBV has proven that sellers have really made a small dent in the previous couple of days.

The promote quantity was a fraction of the purchase quantity on the upward rally, nevertheless it reveals that current gross sales have some legitimacy. The $ 149 stage ought to function assist.

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