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Cryptogazette

11/05/2021

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Ethereum, Bitcoin And Cardano New Predictions Are Out

The bullish predictions about the price of Bitcoin and other digital assets continue to pour into the crypto space. Check... The post Ethereum, Bitcoin And Cardano New Predictions Are Out first appeared on CryptoGazette - Cryptocurrency News.

Ethereum, Bitcoin And Cardano New Predictions Are Out

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The bullish predictions about the price of Bitcoin and other digital assets continue to pour into the crypto space. Check out the latest ones below.

Now, it’s been revealed that the popular crypto trader Michaël van de Poppe is taking a look at the state of Bitcoin, Ethereum, and Cardano.

BTC, ETH, and ADA predictions are out

Van de Poppe just said that a bullish divergence may be forming for the smart contract platform Cardano (ADA).

Van de Poppe notes that Cardano’s previous high from March may be turning into a support line while ADA’s relative strength index (RSI) is “completely resetting.”

Regarding the price of ADA, at the moment of writing this article, ADA is trading in the red and the coin is priced at $2.

He also addressed the price of Ethereum.

He said that the leading smart contract platform “could be facing a corrective move relatively soon.”

“At this point, I would not be chasing a trade at all. I would be looking at potential opportunities to scale in on a lower time frame and just wait it out for a little [while], or check out whether other altcoins are looking interesting.”

At the moment of writing this article, ETH is trading in the green and the coin is priced at $4,507.

Regarding Bitcoin, here’s what the analyst had to say:

“We’re still stuck above the crucial level, 59k to 56k. We didn’t really jump heavily off that level, but I find it’s still very important to keep the support at those ranges.”

He is also identifying more “crucial levels” for BTC.

“Crucial level here is the area around $61.5k. If that holds, we might attack range high again, otherwise I’m assuming a retest at $58k could happen for Bitcoin.”

At the moment of writing this article, BTC is trading in the red and the king coin is priced at $61,765.

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