ADA, Solana, ETH and Terra fell hard yesterday evening before the Fed meeting. 2 popular crypto experts are updating their technical analysis for the next levels. Here are the details…
Decision time is fast approaching for Cardano (ADA)
In a new YouTube post Benjamin Cowen suggested that Ethereum for Cardano (ADA) may be reflecting its 2016/2017 market structure and in 2017 He said it briefly retreated to new lows in late 2016 before bursting more than 100 times. Cowen explains that if Cardano is to emulate Ethereum’s 2016/2017 upward move, ADA should return to the top of its current range around $2.60 in the next two months:
Ethereum (on 2016/2017) the same it had a market structure, it was playing some kind of ping-pong all over the place, and after all, about a year after we hit that range, we came back to the bull market support band…ETH consolidated around it for about a month to a month and a half and then we broke up. ADA is showing similar moves…
Terra, Solana and Ethereum forecasts
Another Youtube analyst from InvestAnswers, Terra (LUNA) has been around for the past two months It discusses the hot streak it continues and highlights the structural links of the project to Bitcoin (BTC) with the chart below.
Analyst has the following to say regarding the theoretical model Terra laid out on March 24 for how he could achieve an astounding $80,000 valuation per token using Bitcoin as collateral:
Terra is taking all the steps in the right direction and keeping a close eye on where we are.
Analyst also looks at another top Ethereum competitor Solana (SOL) and recent moves in the BTC trading pair.
Rejected exactly outside the 200-day moving average. I was thinking the bottom was 0.0022 ($94.26), but now it points to $85.69. Then it skyrocketed (late March to early April) due to massive influx of money, and now we’re being rejected, but I think we’re going to bounce from there. As for
Ethereum, the analyst says that the leading altcoin is stuck in a tight price range and current data does not give it a clear picture of where it will go next:
Ethereum If you look at the last five days for the coin, we went above $3,500 a few times but fell again. In this super narrow range, $3,450 to $3,460, $3,520 and up to $3,560. Looking at all the downside call options and options trading there, it makes me think I don’t know where this is going.
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