Monero

Undoubtedly, the coins under review were in consolidation in December but are making a surprising bullish move. DASH, Dogecoin, Monero, and Cosmos broke over EMAs which is a positive sign that the coins are going to rise. Meanwhile, Stellar is consolidating above $0.045low and it has failed to rebound.

The cryptocurrency market has reached bearish exhaustion as Dogecoin and NEO have already shown. NEO has breached the resistance line and fled to the lower high. Lack of demand at a higher price level frustrated the bullish move. The downward move on Monero and Stellar may have been overdone as the coins consolidate at the bottom. ChainLink is in a range bound movement

Recently, Monero, DASH, and NEO were making impressive moves. These cryptocurrencies made bullish adventures that resulted in stiff resistance causing the coins to drop. The coins dropped and made a pullback which was rejected as the coins face another selling. The Dogecoin and Maker have been relatively stable in price as the coins continue its sideways move.

The altcoin under review were making an impressive move in previous weeks. However, as most of the coins reach their major resistance levels, the various coins dropped in price valuation. Some of the coins are in a sideways move, pending the determination of the next price direction.

Binance Coin, EOS, Monero, and TRON are all trading in the bull market. The coins made an impressive positive move as the bearish trend lines were all broken by the respective coins, paving the way for a change in trend.

In October 2019, Bitcoin, Ethereum, Ripple, Monero, and many other cryptocurrencies on coinmarketcap show bearish trends. However, cryptocurrency investors have no time to wait till the market rise again.

The coins under review are still in bear control but are currently reaching bearish exhaustion. The  BNB, EOS, Monero, TRON, and Cardano fell short of buyers at the demand zones of the chart. However, if the bulls are more than the bears, the coins will appreciate. TRON is promising as it makes a positive move in the uptrend zone.

October 13 - October 19, 2019

Every individual, company or organization needs privacy in one way or another and that is why the cryptocurrency community has for quite a long time been calling for it. After hearing the major privacy concern in the blockchain and finance sector, JPMorgan Chase assembled its tools and created a privacy feature for Ether-based blockchains which is fully companionable with the smart contracts platform. The novel feature will be working in the same way like Monero’s anonymity, additionally, it will not be displaying the details of both the sender and the receiver, and go on to store the amount transacted in a more transparent manner.