Altcoin Price: RSR, FTM, THETA – Technical Analysis

Fibo Quantum

Bitcoin has been in a bearish trend ever since it touched the highs of $40,000+. It has been falling below since and recently broke the support of $30,000 as well. Every pump is being sold and we have started seeing lower highs and lower lows affecting altcoin price as well.

This correction was expected after the rally in BTC price from $20,000 to $40,000+. Today we will review the price of some altcoins like RSR, FTM and THETA.

RSR/USD – Price Prediction

RSR

RSR is currently trading close to the support of $0.036. It has a good setup to scalp. If it can hold this support, we could start seeing a move towards $0.041, $0.046, $0.050 and $0.054. Failure to hold the support at $0.036 could lead to a drop towards $0.033.

FTM/USD – Price Prediction

FTM

If FTM can break the resistance at $0.035, we could see a move towards the next resistance at $0.039. If it can clear both of these resistances and close candles above these resistance zones, we could start seeing an impulse towards $0.048 and $0.064. Failure to break the resistance could lead to a drop towards $0.029 and $0.026. Currently it is trading in between resistance and support. A trade should be taken when the price of FTM reaches one of the 2 zones.

THETA/USD – Price Prediction

THETA

 

THETA is trading above the support zone of $1.81. It has a resistance at $2.12. If this resistance can be broken, we could start seeing a move towards $2.40, $2.64 and $2.87. Failure to break the resistance at $2.12 could lead to a drop towards $1.81 and $1.66.

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Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.

Do your own due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.