The post Top Predictions for Bitcoin(BTC), Ethereum(ETH) & Cardano(ADA) Price for the Day appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide
Bitcoin (BTC) Price Analysis
- The Bitcoin price, despite the recent sell-off, sustains well along the lower support of the parallel channel
- The extended consolidation along the support does point out toward the upcoming breakdown, yet minor possibilities of a flip may be expected
- The RSI is slowly ranging towards the north and the MACD displays a significant amount of buying volume being mounted
- Therefore, the BTC price is expected to continue trading along the lower support and in the coming days may rebound finely towards the upper bands.
Ethereum (ETH) Price Analysis
- Ethereum, as seen in the chart is swinging above the trend line, testing the lower support a couple of times
- In the short term, the asset has formed a double bottom pattern as the price hovers along the neckline
- Therfore, the price appears to be poised for a notable breakout but only if the asset surpasses the resistance zone between $1628 & $1648
- By the end of the day’s trade, the ETH price could uplift and maintain a significant trend within the above-mentioned resistance zone
Cardano(ADA) Price Analysis
- The Cardano price recently broke down from the rising wedge and further formed a bearish flag
- However, the asset is consolidating heavily within the flag and may pull a significant leg down to hit the support at $0.4
- The revival of the bulls appears to be a little distinct and hence the asset may follow a descending consolidation for an extended period
- Currently, by the end of the day’s trade, the ADA price is expected to plunge slightly below $0.45, aiming to test the lower support in the coming days
Source: https://coinpedia.org/price-analysis/top-predictions-for-bitcoinbtc-ethereumeth-cardanoada/