The cryptocurrency market has promised in this week, prior to the end of Q1 2019, the expected forecasts. Even Bitcoin with its recent price correction, achieved that many altcoins generate additional profits than expected.
Cardano (ADA) Price Prediction For Next Week
The eleventh cryptocurrency at the time of writing has a price of $ 0.0574 USD per token, with a growth of 8.03% in the last 24 hours and an intraday volume of more than one hundred million dollars.
In the short term, we are observing a price correction in ADA as a result of the withdrawal of short profits for many investors who saw their profit advanced from the projected long term to value of $0.057 a week ago. Now ADA sees the possibility of increasing its new resistance ceiling of $0.061 USD per unit for another week.
His upward trajectory in the 1H chart and the corrective ‘price’ crossing to support a new rebound, makes us think of a new goal for the end of the month in R1 ($ 0.066). In any case SL must be used below support S1 at $ 0.050.
Chaikin Money Flow is at a high level, despite the fact that there is a withdrawal of cash for short-term gains.
The EMA indicator projects a corrective bearish cross for Sunday 24, but as mentioned above, it is part of the projected triangular Elliot wave process (ABCDE), up to the estimated value of $0.064, much higher than the long-term resistance level.
In the medium term, a negative differential change is expected for mid-May, with movements between S1 and R1 as observed in the previous graph.
TRON (TRX) Price Prediction For Next Week
Justin Sun made the news once again this week, announcing incentives for the use of its USDC stablecoin in the Tron chain. However, it has not had the expected effect or we are just too ready to give a verdict.
At the time of writing the 11th cryptocurrency, it is trading at a spot price of $0.0242 with an advance of 6.22% in the last 24 hours. Its intraday volume has represented a significant jump since Sun’s announcements even though it was outstripped from the 10th position.
For next week, the outlook of TRX is bearish, given that the Elliot Projected wave does not represent a major advance to what we have until now. Its movement of the projected oscillating price in the medium term is maintained between the lower band of Immediate Support of S1 ($ 0.0223) and the estimated average price of $ 0.0226 at the crossing point of maximum and minimum at 20 days.
Even, in the best of cases, there could be a small rally driven by idiosyncratic effects of Tron that would take it to levels close to R1 ($ 0.0236).
For now the short-term EMA cross is bearish, but this position is contrasted by the Awesome Oscillator indicator that projects a small bullish rally by the end of the month to projected EC levels.
Ethereum (ETH) Price Prediction For Next Week:
The second most important cryptocurrency of the ecosystem is in an upward trend with a 0.72% growth in the last 24 hours to quote, at the time of writing at a spot price of $ 137.58 USD per unit.
Although Tron has dethroned the privilege of ETH to have more decentralized applications on its platform, its price has not had a reason for major contraction by this type of negative news for the platform.
Ethereum is presenting, at the time of writing, the scenario foreseen by highs and lows crosses of the last weeks, foreseen at the level of $138 USD per unit. This point is its strong support to generate an impulse in the Elliot wave up to levels of R1 ($ 142) projected even as its key resistance.
To make matters worse, ETH has been building its bullish cross with a parallel channel slowly in recent days and an upcoming EMA crossing will likely occur by early next week. This will allow Ethereum raise its prices to generate higher profits from the current, up to double digit possibly.
The foregoing is affirmed by the Klinger Oscillator indicator with its positive tangent generated at the time of writing, with levels higher than the sales area.
For now, Ethereum presents a good entry time for those who want to secure a seat on the next train to come.