Hot or Not? $XMR $LINK & $THETA

Hot or Not? $XMR $LINK & $THETA – Crypto Market Analysis 9/27/20

Monero (XMR)

Monero has been trending upward since March. The weekly chart is on a green 2 on the sequential indicator, which is a buy signal on the weekly timeframe. Additionally, XMR is up 5% today amongst a neutral market. Expect price to continue trending higher if the bulls are able to close above $100.

ChainLink (LINK)

Chainlink is beginning another uptrend after bottoming on a sequential red 9 on the daily chart. Many altcoins are experiencing reaction rallies after bottoming on sequential red 9s on the daily timeframe. With a close above $11, the bulls will have a 20% price channel to the upside with little to no resistance.

THETA (THETA)

THETA has been consistently making new highs throughout the previous weeks. While price has increased significantly over the past few months, the short term technicals are signaling for more bullish price action. We witnessed similar price action in June 2020 within tech stocks such as $SNAP and $PINS. While these assets are bound to correct eventually, the trend is your friend in the interim.

Conclusion

The assets listed above will be worth watching over the course of the next week. Keep an eye out for continued bullish price action.