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Category: crypto analyst

Analyst Lays Out Theory That Suggests A 290% Move In Cardano (ADA) Before Rally Is Over

Cardano (ADA) has no doubt has an interesting couple of weeks leading up to this point. The digital asset has hit multiple new all-time highs as the rally raged on. Only now slowing down but still well above its last all-time high set in May of this year. The slowdown has seen the price of the asset lose its footing over $3, causing it to crash down below $2.70 for the first time in over a week. This loss of momentum has led the market to believe that the asset might be nearing the end of its rally. But not everyone thinks so. Analyst Jason Pizzino has predicted that the altcoin still has a bit of fight left in it, predicting a 290% move before the end of this current bull cycle. An increase of this magnitude would put the price of ADA at nothing less than $7, solidifying its claim as the third-largest cryptocurrency by market cap. The Theory Behind The Prediction Jason Pizzino took to his YouTube channel to share his prediction with his over 200K subscribers. The prediction completely rests on the back of a single theory, the Elliott Wave theory. A theory that predicts the future price action of an asset by looking at extremes in investor psychology which comes in waves. So this is basically looking at investing patterns of the market. Related Reading | These Three Lagging Altcoins Are Poised For A Breakout, Says Crypto Strategist This current theory puts every bull market in a series of cycles separated into five different waves. During waves 1, 3, and 5, the price of the asset rallies upwards. While waves 2 and 4 come with a price correction. For Cardano (ADA), Pizzino says the asset has completed four waves so far, including waves 2 and 4 which are the market corrections. Now, the fifth wave is imminent, which would lead to a massive price increase. Pizzino puts the current downward correction as wave 4 while identifying the biggest wave so far as the price surge from $0.10 to $2.47, which occurred last month, as wave three. Since wave three is usually the biggest, Pizzino puts the fifth wave on par with the first wave, the surge from $0.01 to $0.17. Placing the fifth wave at only a 290% increase. Cardano (ADA) Price On The Rise So far, it does not look like Cardano (ADA) has reached the end of this downward correction. But Pizzino points to it as part of the five-wave theory movement. Comparing it to the first wave that saw a 900% increase between April 2020 and July 2021, the analyst says, “I’m excited to see the waves play out similarly.” Pizzino’s prediction would put ADA price close to $10 | Source: ADAUSD on TradingView.com Cardano still has a final card to play before the rally can be said to be truly over. The smart contracts testnet is currently live and developers have started building DApps on the network. But the release to the general public is still scheduled for September 12th. If all goes well with the launch, then this might be the event that triggers the fifth wave of Elliott Wave theory. “What do we get if we do an 800% or 900% from the low that was put in in June and July? That would bring us to around our $8 mark. Maybe we hit a 1,000% return from that point. That’s going to bring us up to $10 or $11.” Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course Although optimistic about the asset from here, Pizzino issues a warning for investors. The potential for massive runs also comes with sharp downwards corrections that will reverberate through the market. “All good runs will come to an end,” says Pizzino. Featured image from CreditDonkey, chart from TradingView.com
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These Three Lagging Altcoins Are Poised For A Breakout, Says Crypto Strategist

Top crypto strategist known as Inmortal has revealed the three altcoins they think is ready for the next breakout. Immortal takes their pick from the top three altcoins that have been lagging recently. Even though they have been performing in the market, not performing to the level of other altcoins like ADA and SOL which have both broken new all-time highs in the market. Related Reading | Data Shows Crypto Hacks And Fraud In 2021 Are On Track For A New Record Inmortal took to their Twitter account, which boasts 64K followers, to share his price predictions with his followers. Generally, the crypto analyst remains bullish on the market, seeing a lot of coins doing better from here on out. Over the course of several days, Inmortal shared their analysis on their Twitter timeline. Revealing the top three altcoins they believe are getting set for a run-up. Playing With The Laggards Inmortal shared three coins that are set to experience a run-up. Litecoin was an obvious favorite for the analyst. Across three digital assets, Bitcoin Cash, EOS, and Litecoin, the analyst sees the most potential with LTC. “Time to play the laggards. LTC is leading the way (old coins),” the analyst posted. Following up with this was BCH and EOS poised to follow the same path as Litecoin. Related Reading | Crypto Needs Regulation If It’s Going To Survive, Says SEC Boss Talking about Litecoin, Inmortal explained that the coin had recently broken out of consolidation. Hence, putting it in a position where it is set to rally. For the crypto analyst, the breakout will see the price run-up to a target of $260. The analyst had earlier tweeted they had bought some Litecoin given its snail pace at the time. The order was filled at $176, while the analyst targeted a price range of $210-$220. Perfect timing. Now teleport this to $260.$LTC https://t.co/1dqSIbYADo pic.twitter.com/TVgAr3dQO3 — Inmortal (@inmortalcrypto) September 3, 2021 Litecoin trading at $223 | Source: LTCUSD on TradingView.com As of the time of writing, Litecoin is trading above $220. And Inmortal has now turned attention to Bitcoin Cash, advising investors to take a look at the Bitcoin fork if they had missed out on Litecoin. Another Crypto Set For A Breakout The crypto strategist was not only focused on the three lagging altcoins. Inmortal also pointed out that he’s waiting for a particular altcoin to breach a crucial point. Taking about Chainlink, Inmortal added that a breach of its immediate resistance against Bitcoin would trigger a buy signal. Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course “The plan is simple. Wait for a clear break above KEY level + 200MA (moving average) to confirm that deviation, then buy/long on a retest, targeting those equal highs at 0.001 BTC ($50),” said the strategist. “High probability 3R setup,” added Inmortal. The analyst puts top cryptocurrency Bitcoin at $60,000 after breaking key resistance level of $50,000. While putting number 2 crypto Ethereum, at $5,000. “It’s long $ETH season, don’t get left behind,” said the analyst. Chart from TradingView.com
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Crypto Analyst Lays Out Cardano’s (ADA) Pathway To $4

Cardano (ADA) recently hit a new all-time high with the rally. The price of the altcoin had surged past $2.5 on Friday to set a new trading record. While the market awaits the release of the Alonzo Purple Hard Fork that would bring smart contracts capability to the network, indicators have shown that the price is nowhere near the end of its run. The increased interest in the project shows that the coin will continue to grow. But just like any asset, there are things that could hinder this growth. This is what crypto analyst, Benjamin Cowen, has taken time out to explain. Related Reading | Cardano (ADA) Cracks New $2.5 All-Time High, Is $3 Possible? Smart Contracts Are Pushing Cardano (ADA) price Crypto analyst Benjamin Cowen attributes the recent growth of the digital asset to two things. First is the smart contracts capability that is set to be launched on September 12th. This would put the Cardano network on a level high enough to compete with its biggest rival, Ethereum. ADA breaks new all-time high | Source: ADAUSD on TradingView.com The number 2 reason Cowen gives for the price run-up is Bitcoin’s current movement. According to Cohen, Bitcoin resting above the 20-week SMA (simple moving average), and then going sideways has been a big factor for the rally. Bitcoin being at this point puts ADA in a position where the path of least resistance is upwards. Thus, the price of the asset has been driving upward. Bitcoin’s simple moving average plays a key role in Cowen’s analysis of this bullish setup. The SMA is a critical key that would either make or break the bullish setup in ADA. Bitcoin Is The Key To $4 Benjamin Cowen took to his YouTube channel to talk about what could hinder the bullish setup of Cardano (ADA). Cowen pointed out that the price was set to explode with the current setup. But this uptrend would depend greatly on Bitcoin. Bitcoin staying above this key level would see the price of ADA going up. Related Reading | Cardano (ADA) Steadies Above $2 As Bulls Continue To Aim For $2.5 “The only thing now that you should be rooting for if you want to see ADA breakthrough to, say, the $3 mark, the $4 mark, what do you want to see happen?” Cowen asked. Answering his own question, Cowen explained that Bitcoin staying above the 20-week SMA (simple moving average) is key to ensuring this setup realizes its full potential. “What you want to see happen is you want to see Bitcoin just kind of hang out. Just have Bitcoin chill above the 20-week simple moving average.” Cowen further went on to add, “if we get it, then the past of least resistance for ADA IS UP.” Bitcoin’s movement, Cowen says, is very important to understanding Cardano’s (ADA) movement. “To get an idea of what ADA is doing, you need to look at what Bitcoin is doing.” Featured image from Arabian Business, chart from Trading View.com
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Ethereum Set To Explode According To Market Dominance, Crypto Analyst

Crypto Analyst Nicholas Merten recently said in a video analysis session on YouTube that Ethereum’s price is poised to explode. Merten pointed out that price analysis really isn’t the reason that the number 2 cryptocurrency is set to explode, but what the market dominance shows that actually shows this. This shows through when the cryptocurrency market dominance is measured. Merten believes that current market trends are very similar to what was done in the market back in 2017. Going back to when the last bull market had started in 2017. Before fizzling out and turning into a full-blown bear market by the time the middle of the year 2018 rolled around. The current trends of higher lows that have been seen so far in the market continue to mirror the cycle of 2015 when Ethereum had started to show momentum in the market. Related Reading | How Much Is Your Love Worth? Polish Influencer Sells “Love” As NFT This momentum had continued on for Ethereum straight through 2016 and all the way into 2017, leading up to the bull cycle that had begun in November 2017. Ethereum has so far maintained momentum despite a variety of competition in the market. It continues to hold market dominance around the 19% to 20% range. “This showcases that this is a critical metric we need to watch for because we’re testing around that 20% range. One-fifth of the market share going towards Ethereum,” Merten said. The Key To Another Shoot-Up Market dominance continues to be a good way to gauge how the price of a coin is going to do in the crypto market. Number 1 cryptocurrency Bitcoin, continues to maintain the majority market share, and as such, continues to be the most valuable coin in the market. But with Ethereum picking up more market share, there is no doubt that ETH is becoming more of a valuable asset. At one point, Etheruem had garnered as much as 32% market share. Showing how fast the cryptocurrency is gaining value ahead of other coins in the market. Related Reading | Why Another Wave Up For Altcoins Is Probable According To BTC Dominance Also relevant is the fact that Ethereum is much younger crypto than Bitcoin. Recently celebrating its fifth year anniversary, Ethereum has continued outperformed number 1 crypto Bitcoin. Despite the latter being twice as old in the market. Continuing further, Merten said, “This showcases that this is a really critical metric we need to watch for. And that is a huge psychological level because once we broke through that range, we climbed all the way up here to 32% market dominance. An over 50% increase of previous ownership of market share.” Ethereum Breaking From Bitcoin Ethereum continues to see uptrends in the price following the close of last weekend. The coin so far seems to be dissociating from the price of bitcoin and charting its own course upwards. Continuing to rally while the price of bitcoin experienced dips following the latest rally. ETH price continued to rally while BTC slowed down entering the new week | Source: ETHUSD on TradingView.com As ETH continues to gain more market dominance, the asset is more likely to rally at its own pace as opposed to following the market trends of bitcoin. This would put Ethereum on love ground with the pioneer cryptocurrency if the value of ETH stops being reliant on the value of BTC. The price of ETH is currently up 7.45% in the last 24 hours, to be trading at $2,678.06 according to CoinDesk. Featured image from Forex Academy, chart from TradingView.com
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Ethereum Price Could Go Up Over 860% To Break $10,000, Crypto Analyst

Ethereum value has taken some hits in the past few months as the coin has since significant losses in the price after the digital asset had hit its all-time high back in May. The price of ethereum had gone as high a $4,300, but the price has since crashed over 50% since then and now sits at less than $2,000 at the time of this writing. Notwithstanding, crypto analyst and trader Kaleo predicts that the price of ETH is set to grow immensely in the next 12 months. The crypto analyst looks through movements of ethereum from back in 2017 and predicts that based on this, the digital asset is poised to experience a parabolic rally in its price. Related Reading | As Ethereum Price Suffers, Investors Wonder If ETH Can Become Deflationary The long-term price prediction from Kaleo puts the digital asset price at over $10k, following a major altcoins season. The analyst’s prediction puts the price of ethereum at well over an 860% increase in the second half of the year 2021. Ethereum And Bitcoin Price Predictions For 2021 Taking to his Twitter, which remains his primary method of communication, Kaleo gave a couple of predictions regarding the prices of the top two digital assets in the space. According to the crypto trader, the price of bitcoin was going to see another run-up that would put the digital asset in a six-figure discovery range. Joining the ranks of crypto analysts who have put the price of the number 1 crypto coin at $100,000 before the year runs out. ETH price down over 50% since all-time high | Source: ETHUSD on TradingView.com In line with this, Kaleo put the price of ethereum at a whopping $10,000, not minding the current bearish sentiments that continue to rock the markets as digital assets have continuously lost value amid sell-offs from investors. The tweet further went on to predict more adoption from institutions and governments. While simultaneously calling out that there will be continuous FUDs from institutions and governments surrounding cryptocurrencies. My predictions for the second half of 2021: – $BTC enters 6 figure price discovery– $ETH breaks above $10K– We see one more major alt season– More institutional / government adoption – More institutional / government FUD– Cryptunez gets a girlfriend– Bears remain bearish — K A L E O (@CryptoKaleo) June 17, 2021 Long-Term Predictions For 2022 To 2023 Kaleo, who uses the handle @CryptoKaleo on Twitter, posted a follow-up tweet containing even more longer-term predictions for the top crypto coins. The tweet included price predictions for both bitcoin and ethereum, and predictions for major regulations to follow. But unlike the first predictions for the second half of 2021, these predictions were much more bearish, explaining that prices would crash in this time period. Related Reading | Ethereum Whales Go On Buying Spree, Top 10 Addresses Now Own 20% Of All ETH My predictions for 2022/2023: – $BTC back down to ~$50K– $ETH back down below $1K– Alts die again – Bears who were bearish the whole way up from here to the top call for infinite clout– Major regulation comes against crypto. People call Bitcoin dead again (it isn’t) — K A L E O (@CryptoKaleo) June 17, 2021 Kaleo sees the price of ethereum falling over 90% after it hits its predicted $10,000 in the second half of 2021. Calling the price crash to be under $1,000 when this happens. Altcoins were also predicted to crash at this point, putting the general market at this point in a bear stretch. Featured image from Forbes, chart from TradingView.com
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