Bitcoin (BTC) Price Prediction For the Weekend
Bitcoin is struggling not to fall back to the last week levels, but everything seems to indicate that the April Fools’ joke is already having effects on the ecosystem.
Now, BTC is struggling not to descend again to the resistance level of $4700 after moving above $ 5000.
At the time of writing, BTC is quoted at $4930.22 with a decrease of -2.46% and a market capitalization market of $86 billion.
Its dominance is around 50.9% and the total ecosystem at the moment is $ 170 billion.
For the weekend, a correction in Bitcoin prices is expected according to the pattern formed for the 30 min chart in maximum and minimum swing with a cut of $ 4367.10.
This behavior is followed by the trajectory of Elliot Wave Correction (scenario ‘a’) to arrive on Sunday April 7 at point ‘Z’, in case BTC falls below the immediate support level of S1 ($ 4742.40) .
This current scenario is compromised by the RSI indicator, which presents a sales area with RSI values <50, but in the last minutes at the time of writing a small change at its end could make us hope that BTC will change trajectory towards stage ‘b’ and again reach above $ 5100 at a close resistance level of $ 5200.
TRON (TRX) Price Prediction For the Weekend
TRON (TRX) is the eleventh cryptocurrency. It maintains a bearish pattern currently with a spot price of $ 0.026028 per unit, -2.15% in the last 24 hours and a market capitalization of over $ 1.7 billion.
TRON (TRX) presents a positive scenario change, after a price correction, with an upward EMA crossover that foresees a change of pattern up to the level of R1 ($ 0.0282), this represents 8.02% in 3 days. TRON support level stays at $ 0.024.
The Stochastic indicator remains in the purchase zone, with a possible upward change in the next hours at Overbought levels.
CARDANO (ADA) Price Prediction For The Weekend
It is the ninth cryptocurrency. Like the rest of the ecosystem, it has a contraction of -4.00% in the last 24 hours to go down to the quoted price of $ 0.088131. Its market is $ 2.28 billion dollars.
The cryptocurrency despite the strong contraction, has made a bullish cross according to the EMA indicator today, immediate hope for investors who can see a price swing before reaching the ‘Z’ point of immediate maximum resistance forecast at $ 0, 0975
The Stochastic indicator is reaching the overbought area, to strengthen ADA bull rally that will allow a price recovery perhaps in percentages similar to the contraction of the last 24 hours.
Elliot Wave’s boss projects us this bullish rally for the weekend, at best. Your immediate support is at levels of S1 ($ 0.077).
Disclaimer: This article is not a financial advice. It should not be taken as a guide for any form of investment. Please consult your advisor before investing in any cryptocurrency.