Michaël van de Poppe, a cryptocurrency trader, on his Twitter account of 400 thousand people; evaluated what lies ahead for the smart contract platform Cardano (ADA). Saying that we may have missed the best entry point for Cardano after the asset bounced off an important support level of $1.86, the Analyst continued:
“If you want to invest in Cardano, the region you want to enter is; that was the region (1.86)… So we may have missed the best entry by daily timeframe, but still [şu an girseniz bile] You will have a better entry than those who buy for around $2.80.”
Van de Poppe, who has identified a new entry zone for Cardano; He points to the $2.15 level as a potential buy zone and would like to see ADA now convert the $2.37 resistance into support to continue its bullish momentum.
“(…) You will look for an entry point around $2.15, any level in this area could be a good entry point if we make a corrective move.”
When it comes to Bitcoin / Cardano parity; Van de Poppe believes ADA will likely consolidate shortly after retesting support at its previous all-time high.
“Here too we can see that we are retesting the previous high nicely and so consolidation is likely to occur for a short time before we have new impulse waves.
So both USDT and BTC pairs want to continue and I think that’s great, that’s exactly what we want to see in the markets right now.”
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.