Top 5 Cryptocurrency Buy Rich in 2021 | Best To Invest In 2021 | Top 5 Altcoins Cryptocurrency

1 . VET shows mixed signals amid market weakness
VeChain price has formed a bull flag on the 1-hour chart. The digital asset needs to climb above a key
resistance level for a significant upswing. VET also faces selling pressure in the short
term, according to multiple indicators in several time frames. VeChain just recently formed a new all-time

VeChain price must climb above this key level
to maintain bullish momentum On the 1-hour chart, VeChain has formed a
bull flag establishing the pole from a low of $0.13 to its all-time high at $0.189. The critical resistance level is located at
$0.177. A breakout above this point has a price target
of 30% at $0.232. This target is calculated by using the height
of the pole as a reference and adding it to the breakout point. Additionally, the Parabolic SAR, which highlights
the direction an asset is moving, has just flipped bullish again, indicating that VET
is ready for a rebound from the lower boundary of the flag and adding credence to the bullish
outlook. On the other hand, the TD Sequential indicator
has presented a sell signal on the 9-hour chart in the form of a green '9' candlestick.

The signal is getting significant continuation
and can quickly push VeChain price down to $0.165 at the 78.6% Fibonacci retracement
level.A loss of the $0.165 support level could drive VET down to the next Fibonacci retracement
level of 61.8% at $0.1459. Additionally, on the 2-day chart, a shooting
star candlestick seems to be forming, which consists of a small body and long upper shadow. This candlestick is a bearish candlestick
and indicates a potential reversal of the trend. Additionally, the TD Sequential indicator
has also presented a sell signal here, further strengthening this bearish scenario. 2. Binance Coin Price Forecast: BNB on verge
of 25% upswing Binance Coin price has formed a bull flag
on the 4-hour chart.

The digital asset faces just one critical
resistance level before a massive 25% breakout. Whales have accumulated a lot of BNB lately,
despite increasing prices. Binance Coin price has been outperforming
Ethereum, which stands at a $280 billion market cap. Binance Coin price needs to surmount key level
for massive breakout On the 4-hour chart, BNB has established a
bull flag with its resistance trend line formed at $550. Binance Coin bulls currently try to defend
the lower boundary support and aim for a rebound toward the upper trend line.

A breakout above $550 will drive Binance Coin
price to $680, a 25% move calculated by using the height of the flagpole. Surprisingly, the number of whales holding
between 100,000 and 1,000,000 has increased in the past month despite BNB hitting new
all-time highs. Since the beginning of April, this number
jumped from 37 to a peak of 40 on April 11. This indicates that large holders believe
Binance Coin could rise even higher and are accumulating.However, it is worth noting that
a 4-hour candlestick close below the lower boundary of the pattern will invalidate the
bullish outlook and could also drive Binance Coin price down by 25% toward the psychological
level of $400. 3.XLM Price Forecast: Stellar bulls on wrong
side of uphill battle XLM price has erected an ascending parallel
channel on the 4-hour chart. A bounce from the setup’s lower trend line,
although logical, seems unlikely. Stellar’s bear flag pattern on the 1-hour
chart adds weight to the bearish outlook. XLM price has slid into consolidation after
a brief upswing. Technicals present a bearish outlook for the
coin due to mounting pressure from overhead barriers.

XLM price at an inflection point
XLM price surged nearly 36% between April 10 and 11, resulting in a local top at $0.65. Since reaching this point, Stellar has created
higher highs and higher lows, which results in an ascending parallel channel when the
swing points are connected using trend lines. Since April 14, XLM price has been trading
close to the channel’s lower boundary at $0.62. Any attempts from the bulls aiming to head
toward the upper trend line have failed due to the supply zone ranging from $0.63 to $0.65. Therefore, an exhaustion of the buying pressure
will be fatal for the remittance token.If this price swing slices through the lower
trend line at $0.61, it will kick-start a new downtrend. Supporting this bearish move is the formation
of a bear flag on the 1-hour chart. This setup is a continuation pattern that
contains a large crash in XLM’s market value, known as a flagpole, followed by a consolidation
called the flag. A breakdown of the lower trend line of the
flag at $0.62 will signal the start of a 14% downtrend, which is obtained by adding the
flagpole’s height to the breakout point.

This move places XLM price at $0.53, deep
within the demand zone, extending from $0.55 to $0.50.While the bearish scenario seems
logical due to the multi-timeframe analysis, a potential spike in buying pressure caused
by an unforeseen event could breach the supply zone. Such a move would invalidate the bearish scenario
and likely trigger the buyers to make a move. Under such circumstances, XLM price could
rise 9.5% to tap the channel’s upper trend line at $0.71, which coincides with the Momentum
Reversal Indicator’s breakout line. 4. XRP Price Prediction: Ripple bulls plan comeback
with 30% rally XRP price could surge 30% after a bounce from
an ascending parallel channel’s lower trend line. Resetting social sentiment and funding rates
provide a tailwind to the bullish thesis. A bearish scenario could come into play if
sellers slice through the channel’s lower boundary at $1.70. XRP price could restart its parabolic upswing
as technicals and on-chain metrics point to a massive bullish breakout. XRP price eyes higher high
On the 4-hour chart, XRP price reveals that its hyperbolic upswing was contained within
an ascending parallel channel.

This technical formation is a result of higher
highs and higher lows connected using trend lines. The recent surge to $1.96 has seen a 10% retracement
toward the channel’s lower trend line. Now, a bounce from this level seems likely. Therefore, a potential spike in buying pressure
could push XRP price up by 20%, the immediate supply barrier at $2.09. A swift yet decisive close above this level
could set the stage for another 8.2% surge to the 127.2% Fibonacci extension level.

Interestingly, the 1-hour chart shows that
the 42% upswing from $1.35 to $1.92 followed by a consolidation has formed a bull flag
pattern. This setup contains an initial burst in XRP
price, known as the flagpole, followed by a downward sloping channel, referred to as
the flag. Ripple recently broke out of the flag’s
upper trend line, triggering a 30% upswing to $2.27. This target is obtained by adding the flagpole’s
height to the breakout point at $1.75. Interestingly, the setup’s target forecasted
on the 1-hour time frame coincides with the projection on the 4-hour chart to the 127.2%
Fibonacci extension level. Adding credence to the bullish thesis is the
71% drop in Ripple’s funding rate, as seen in the chart below. This reduction from 0.38% to 0.11% indicates
a fall in long positions compared to the rally's start on April 10. Often, such a reset in funding rate provides
traders an opportunity to reopen their longs. Moreover, Twitter's weighted sentiment on
Ripple has seen a collapse from 5.04 to 1.92, suggesting that the remittance token’s hype
has subsided.

Therefore, this slump sets up the stage for
a spike in XRP price from a counter-sentiment perspective.While everything seems to be looking
for XRP price, a breakdown of the ascending parallel channel’s lower trend line at $1.70
could put the bullish narrative at risk. A decisive 4-hour candlestick close below
$1.67 will signal the start of a new downtrend. In such a scenario, the Ripple price might
drop 12% to $1.45. 5. Enjin Coin Price Forecast: ENJ on track for
20% gains Enjin Coin price is trading around the middle
$3.59, an additional 10% upswing will push it to $3.98. Enjin Coin price is limping at the center
of a technical pattern and could rally toward a crucial supply barrier if buyers pile up.

Enjin Coin to give upswing another try
Enjin Coin price has rallied nearly 535% since February 28 as it set up multiple higher highs
and higher lows. When trend lines are drawn connecting these
swing points, an ascending parallel channel is formed. At the time of writing, ENJ is trading around
$3.03, vying for an upswing toward the upper boundary. The supply zone ranging from $2.46 to $2.92
was recently flipped into the demand zone as Enjin Coin price surged nearly 100% from
April 7 to April 9. Investors can now expect a healthy retest
of this area before heading higher. The immediate resistance level formed after
the 96% upswing in price between April 7 and April 9 at $3.59 is the first level Enjin
Coin price will most likely target. If the market participants refrain from booking
profits here, ENJ might rise 10% to hit the recently formed top at $3.98. Adding credence to the bullish narrative is
the Momentum Reversal Indicator’s (MRI) reversal signal presented in the form of a
green ‘one’ candlestick on the 12-hour chart.

This technical formation indicates the exhaustion
of a downtrend and the start of a new uptrend. The setup also forecasts a one-to-four candlestick
upswing.On the other hand, a potential spike in selling pressure that pushes ENJ price
down to slice through the lower boundary of the demand zone at $2.46 will threaten the
bullish thesis. If Enjin Coin trades below this level for
an extended period, a 15% crash to $2.11 seems likely. Buy rich 2021
subscribe channel affiliate cambodia
thank you!.

You May Also Like