Ethereum, Cardano & Bitcoin – American Wrap 20 April
Ethereum price has not been spirited higher during the recent bounce in Bitcoin. Instead, the smart contracts giant has been locked in a symmetrical triangle, struggling to hold the lower trend line. Similar to other altcoins, ETH increasingly faces a bearish fate moving forward unless a compelling catalyst emerges.
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC contemplates breakout, while altcoins promptly follow
Bitcoin price rose from the range low to nearly tagging the swing high this week. However, the impulsive move reversed and is now heading toward the midway point. Ethereum and Ripple are following in BTC’s footsteps and are expected to head lower.
Cardano price is restrained by May’s declining trend line, the Ichimoku Cloud, the 50 twelve-hour SMA and anchored VWAP. The result has been a narrowing range, increasing the probability that ADA will resolve the congestion to the downside in the weeks ahead.