ADA is moving in a similar pattern to its trend during the second half of 2019. ADA just finished a relatively weak reflexive rally after forming a local bottom in the beginning of March. Overall, ADA looks like it can lose half of its value over the next 200 days.
LUNA is a high-beta altcoin, and it should see very high volatility over the next few months. $80 is current support - I'm watching this level closely. There IS a bullish case for LUNA, as if demand increases for its stablecoin, UST, this could cause the LUNA token to gain value. The bearish case is that low liquidity in global markets may outwiegh any demand...
- Bitcoin recently finished its bearish reflexive rally, and it bounced off the 0.38 retracement drawn from its November $68k peak. - Bitcoin seems ready to move in a final C wave correction (which will complete its bearish trend since November). - This move threatens to push BTC below $30k. - From its Elliott wave structure, Bitcoin is poised to reach >$30k...
We are in the midst of a healthy dump and a break below $100 should occur soon. Once this occurs I could see SOL dumping all the way down to find support at the mid $80 range.
Bitcoin does not have enough momentum to go above $50k, and there are too many buyers for BTC to go below $40k. Bitcoin has the next month cool off before the rate hike on March 15th. This hike will act as the market's next pivotal turning point. If the Fed says that they are going to lessen the money printer and begin quantitative tightening (likely) then...
The crypto market has never existed amidst 7.5% inflation. Therefore it is very hard to predict price movements over the next year. ATOM is one of the most technologically superior projects, and I think it will perform extraordinarily well during crypto's NEXT bull market. This bull run should come at the latest September - October '22. Until then, here are...