ilmscore | Bitcoin Sideways Coming To End! Cardano Path to $1 Mapped Out!

Bitcoin Sideways Coming To End! Cardano Path to $1 Mapped Out!

Published: 2024-05-10
Status: Analyzed

Predictions from this Video

Total: 6
Correct: 0
Incorrect: 0
Pending: 6
Prediction
Topic
Status
Bitcoin is very strongly predicted to pull back to its 20-week moving average, which is in the mid-$50,000s.
"The 20we moving average down here in the mid-50s or so... that just general move to the 20we moving average I think is very strongly in play."
BTC
Pending
If Bitcoin breaks the resistance area of $63,000-$65,000, it could form an inverse Head and Shoulders pattern targeting $74,000-$75,000.
"What I see here happening is a potential inverse head and inverse Head and Shoulders if it can break all of that resistance kind of break this neckline Target to the upside 74 $75,000."
BTC
Pending
In a bearish scenario, if Bitcoin's resistance ($63,000-$65,000) holds, it is predicted to drop to a target of $52,000.
"but then we have the the bearish scenario that is to say this resistance holds true... and Bitcoin continues... to go lower and we have the Target still $52,000."
BTC
Pending
Cardano (ADA) is predicted to at least test its 20-week moving average, which is around $0.55.
"a move to at the very least test the 20we moving average is in play and right now that's in the mid-50s 55 cents or so."
ADA
Pending
Cardano (ADA) is predicted to break back above $1 by the end of summer (August 2024), approximately 130 days after the Bitcoin halving.
"a dollar is like right around here and we're looking at August the end of summer so that's kind of a wakeup call right... 130 some days after Bitcoin having to break back above the dollar."
ADA
Pending
Cardano (ADA) has a downside target in the lower $0.30s, following its break out of a rising wedge in April.
"we do have the target to the downside still on the daily chart out of the rising wedge it broke out of the rising wedge in April the target to downside is lower 30s."
ADA
Pending