Logo
Cardano Ecosystem

TheCoinRepublic

09/26/2021

·

1.6K views


A top analyst suggests best entry point for ADA may be gone

Michael van de Poppe, a cryptocurrency trader, examines the future of Bitcoin (BTC) and Cardano, a smart contract platform (ADA) Van de Poppe is currently examining whether ADA can convert resistance at $2.37 into support He’s keeping an eye...

A top analyst suggests best entry point for ADA may be gone
  • Michael van de Poppe, a cryptocurrency trader, examines the future of Bitcoin (BTC) and Cardano, a smart contract platform (ADA)
  • Van de Poppe is currently examining whether ADA can convert resistance at $2.37 into support
  • He’s keeping an eye on the $2.15 level as a potential buy zone if the markets continue to decline

Michael van de Poppe, a cryptocurrency trader, examines the future of Bitcoin (BTC) and Cardano, a smart contract platform (ADA). After the asset bounced off a crucial support level at $1.86, the expert advises his 420,000 Twitter followers that the best entry point for Cardano may be gone.

Van de Poppe is currently testing the ADA

This was the region to get into if you wanted to go into Cardano, as well as the higher low that might be formed. So, while the greatest entry may be gone based on the daily period, you’re still receiving a better entry than those who have been purchasing around $2.80. Van de Poppe is currently examining whether ADA can convert resistance at $2.37 into support.

- Advertisement -

He’s keeping an eye on the $2.15 level as a potential buy zone if the markets continue to decline. When you look at the four-hour time frame, I believe you get the exact same picture as you do right now with Bitcoin and [Ethereum]. So, if we have a corrective move, you’ll be looking for an entry point around $2.15, so anything in this zone may be a nice entry point.

According to Van de Poppe, ADA will consolidate for sometime

Van de Poppe believes that after retesting support at its prior all-time high, ADA will most likely consolidate for a little while. They can see that they’ve had a lovely retest of the prior high here as well, implying that some consolidation is likely to take place before new impulse waves emerge. So both the USDT and BTC pairs are looking for continuation, which he believes is fantastic and exactly what the markets are asking for right now.

Steve Anderrsonhttp://www.thecoinrepublic.com

Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.

AD

Proposals Catalyst F14 - Cast your vote, search "Otavio" in the Voting App.

If you are you using your ADA to vote in Cardano’s Project Catalyst don’t forget to voice your vote. We would be excited if you can see, comment, share and vote for us. Tip: To find them its easiest to search for "Otavio"Vote for Us


Read Original Article on TheCoinRepublic

ORIGINAL SOURCE

https://www.thecoinrepublic.com/2021/09/...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


More from TheCoinRepublic

See more
The Launch of Cardano Based Stablecoin, USDA - The Coin Republic: Cryptocurrency , Bitcoin, Ethereum & Blockchain News
TheCoinRepublic
The Launch of Cardano Based Stablecoin, USDA - The Coin Republic: Cryptocurrency , Bitcoin, Ethereum & Blockchain News

11/20/2022

·

584 views

Related News

See more
Voting for Us - Catalyst Fund 14

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)