What to Expect for ABBC Coin, Ravencoin (RVN) and Enjin Coin (ENJ) the Rest of 2019


Bitcoin may be the star of the show, and the ICO boom may be long gone, but there are still alt coins circulating (over 2,149 in fact per CoinMarketCap) that can use analysis and insight into their actions aside from the main attraction for most, the BTC/USD price.

Bitcoin’s price is $46,874.73 BTC/USD exchange rate today. The real-time BTC market cap of $872.85 Billion currently ranks #1 with a chart dominance at 62.37%, daily trading volume of $19.66 Billion and live coin value change of BTC 1.12 in the last 24 hours.

Now, lets get into three altcoin asset's actions and activities of ABBC Coin, Enjin Coin and Ravencoin.

ABBC Coin

The cryptocurrency shows a contraction of +2.58% in the last 24 hours with a current spot price at the time of writing of $ 0.191148  per unit. Its market of capitalization of almost one hundred million dollars allows it to place the altcoin in the 62nd position of the general ranking of the top 100 of the most important cryptocurrencies.

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For this quarter that has just begun, the Q2 2019, ABBC Coin presents an upward trend with a strong boost from levels of $ 0.155 to a maximum of $ 0.21 the day that BTC also managed to catapult to the barrier of six thousand dollars per unit. Although in the last hours, has had an oscillating movement between the bands of $ 0.185 – $ 0.195, ABBC has managed to maintain bullishly.

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Its volume remains at a good level and the indicators Aroon Uptrend at the top of the chart and Chaikin Money Flow (CMF) above zero, are showing us that ABBC Coin will be bullish for this quarter and that we could see it again reach levels of R1 of $ 0.20 soon.

For the rest of the year, ABBC presents an optimal level of prices, above the one-hundred-day moving average and projects maximum cuts of $ 0.30 by the end of the year, should BTC continue its good level and captivate the rest of the market to the uptrend.

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Its strong support can be seen in levels of $ 0.10, which would be the worst scenario of ABBC and we could see in Q3 get to touch by the normal correction that the cryptocurrency could have after a bullish rally at higher levels.

For now, a moving average of $ 0.25 is estimated for Q3-Q4 2019, which represents an excellent profit of + 35% in the long term.

The Momentum and RSI indicators remain at a good level, indicating the strong current fight between bears and bulls struggling to dominate the ABBC Coin market.

Ravencoin (RVN)

The cryptocurrency focused on privacy presents a sharp drop like the rest of the market, with a correction of almost eight percent (+2,68%) in the last 24 hours, to quote at the time of writing a spot price of $ 0.04988 per unit.

Currently occupies the 40th place in the general ranking with $ 162 million dollars market capitalization.

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The cryptocurrency presents an interesting scenario in its 1D chart. Its upward momentum is cyclical as we can see by x2 in relation to the last movement registered in October-November 2018 and the recent cycle started in February 2019 and its maximum climax was completed in April 2019.

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The weekend will be key for RVN, since it has established its key support at the level of $ 0.0462, which if not exceeded, we could see RVN set new higher lows and complete the third wave of Elliot up to levels of R1 ($ 0.0692), a +39.77 profit for the rest of Q2 2019.

If this pattern is correct, we could say that RVN for the rest of the year could achieve new historical highs that would be projected halfway through Q4 2019 above $ 0.080 per cryptocurrency.

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Enjin Coin (ENJ)

Like the rest of the market, ENJ does not escape the volatility of BTC and has fallen at the time of writing +2,78% in the last 24 hours, dropping its price to levels of $ 0.1466 per unit. It's market capitalization is just over $ 108 million, to position itself in the 56th place in the general ranking.

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Enjin is currently trying to resist the breakpoint generated by the isometric triangle at the $ 0,138 level, with its first wave completing a corrective pattern of the strong trend at support levels S1 ($ 0.078) that is forecast to reach Q4 2019 beginnings according to Elliot Waves Triple Correction.

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The best scenario for the token focused on video games and supported by the giant Samsung in its Galaxy S10, is projected for the end of the year when EJN can recover lost space and generate new highs close to R1 ($ 0.23) that foresees a profit of up to x3 in their prices.

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