WazirX (WRX) is showing very strong technicals as price continues to bounce from a trendline developed back at the start of April. Price has also made several touches with an upper trendline that has been developing since around the same time. Volume has been high on the swings up and cooled down when price has pulled back, a classic sign that price wants to continue upwards as sellers become less interested in parting with their WRX tokens. Moving Averages are carrying price up too, with the 1D 20 and 50 MAs slightly under current price. When deciding which Altcoins to buy this week, it’s important to take these technical factors into account

WazirX (WRX) has had an extraordinary run up since it listed on Binance at the beginning of March and seeing as Binance now owns the Indian based Exchange, there is no doubt that the worlds most popular cryptocurrency exchange intends to work their magic on WazirX, too..

Chainlink (LINK) continues to be the gift that keeps on giving and this week is no different. Chainlink is looking to take a near parabolic ascent up toward price discovery as price looks to break its all-time-high. Moving averages such as the 20MA and 50MA are trying to catch up to the current price which does indicate a pullback may be near, but the trend suggests that dips in price are for buying until proven otherwise and may be a great Altcoin to buy this week.

Chainlink (LINK) has enjoyed a massive run from the start of 2018 up to now and there’s nothing to indicate that the run is over. The Team have been constantly announcing partnerships with the likes of Google and Hedera Hashgraph to name just a few and this has no doubt had an effect on the price in the short and long term.

Monero (XMR) is looking very similar to Zcash (ZEC) and this may have something to do with them both being privacy related coins. Groups of coins that are in the same category have a habit of forming similar charts over time. Monero has seen a massive increase in volume since November 2019 and this has only increased as price has found its floor at around 0.006000 BTC. An increase in volume at the bottom of a downtrend is a strong sign of accumulation by people who intent to hold for the mid to long-term.

Monero (XMR) is also fighting a trendline that has been forming for almost a year now. Once price can overcome this trend and break out, there is very little resistance in the way and a target of almost a 45% increase can be expected if all goes to plan. Monero is shaping up to be an excellent looking coin as we head into Q2 2020.