ADA/BTC TA: Cardano VS Bitcoin Might Start Moving Higher

[satrum]

"ADA/BTC TA: Cardano VS Bitcoin Might Start Moving Higher" added for voting, proof and forecast on YEENOT TODAY https://yeenot.today/catalog/news/351
ADA price go up to new resistance level?


Also, you can see price and social statistic here https://yeenot.today/catalog/market/?top=100

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[satrum]

This week Cardano has reached the bottom, hitting 1926 satoshis low. There it has rejected the 88.6% Fibonacci support as well as the 8/1 Gann Fan trendline . Although the spike was below, the closing price stayed above the 1952 satoshis Fib support.

Then ADA/BTC started to move higher, breaking above the downtrend trendline . Currently Cardano approaching the 2196 satoshis resistance that is 78.6% Fibs. Also there is the 50 Moving Average that is also acting as the resistance.

Overall, break above 2196 satoshis and 50 Moving Average should confirm trend reversal and should result in further growth, towards either 2607 or 3185 satoshis, both of which correspond to Fibonacci retracement level.

But if resistance will be rejected price cold enter the consolidation phase and even result in a decline towards the 1673 satoshis level, where the bottom was formed back on the 18th of May.

[sunlitit654]

This year is the bad year for the market of crypto currency. From the start, the market is seeing the downward trend in the price of the crypto currency. But it is expected that the situation will change and the price will increase especially the price of the bitcoin. Now this is happening.

[Lisa110386]

Hello. thank you for your technical analysis on Cardano. I have some Ada and I bought it for 3200 Satoshi. I hope that this is the beginning of an uptrend for the entire market and for Cardano. And we will soon be able to see the peak prices of December, at least 8000-9000 Satoshi.

[joellogan]

The year has been rough for the people in the crypto currency market. From the start, the market has been in a downward trend. But there are predictions being made by the analytics that the market will see an upward trend by the end of this year. The prices will improve too.

[bitcoinhero777]

Bitcoin is the best and most popular digital coin in this crypto market. All other coins are way behind from bitcoin. Because bitcoin is stable in the market and their price fluctuation is also much lower than other coins.

[qazgroup]

If the btc starts new bull run which is highly expected from now on then i think all the alts will be under pressure and will either trade around the same btc value or can go further low till btc finds new highs and then consolidates.