The markets have continued to push higher since last week’s Technical Analysis edition.
We have some resistance at around the 5,350 level, which was touched twice now. The setbacks are bought quickly, though. It validates our theory that retailers are still short and desperately trying to buy BTC.
If we are able to clear the 5,350 mark, we think the way will quickly be paved to reach 5,700 – 6,000. We think that BTC might not break that resistance on the first attempt, and retrace back into the 4,800 – 5,000 zone.
Further up, BTC will face some high volume resistance between 6,000 – 6,400.
What a ride! LTC did not even stop or look back at our first target at $74. The $100 mark seems to be the one to crack to generate further upside momentum.
LTC is a volatile cookie and we would not be surprised if we see a retracement back down to the first target of $74.
ADAUSDT – Cardano Daily
This is one of the more interesting altcoins out there setup wise. We have seen a very nice run up after we broke the resistance level at around $0.05. We are taking a little break here in the high volume zone of $0.08-0.09. The consolidation looks healthy and is needed to be ready for the next push higher with a target of $0.15-0.17.
By the way, on the 17th of April a larger Cardano conference will take place, which could also spark some FOMO buying across the retail trader base.Read more