Top Predictions for Bitcoin(BTC), Ethereum(ETH) & Cardano(ADA) Price for the Day

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