Will privacy coins beat Bitcoin? Analysis of Monero, Zcash, Verge, Komodo, and Grin

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Relative to BTC, will privacy coins fare any better? Using two indicators-support resistance levels and moving averages-it is possible to assess the outlook for Monero, Zcash, Verge, Komodo, and Grin.Indicators.

According to Investopedia, these are defined as a series of predetermined "Price levels on charts that tend to act as barriers, preventing the price of an asset from getting pushed in a certain direction."

Conversely, resistance points contain the price of an asset from continuing to ascend during an uptrend because these can be seen as profit taking levels where the volume of sell orders are high.

If this privacy coin is not able to gain enough bullish momentum to bounce off it could continue to fall down to the next support levels.

The $61 support level has been a key support point for ZCash.

If the $68 support level is able to hold, it could trigger a rebound to the $78 resistance level or even higher.

If there is not enough buy pressure and ZEC breaks below the 30 MA it could find some level of support around the 50 MA.Verge.

If XVG's market valuation continues to deflate it could try to test the $0.0084 support level.

Komodo has been trading between the $1.22 resistance level and the $1 support level for over a month.

On the 4-hour chart, it can be seen how the 30 moving average is the last barrier grin has before a drop down to the $1.88 support level.

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