“ETH / BTC” no now, never”.
The source: Smart contractor
According to the smart contracter’s chart, the pair could break out of crossover resistance and climb above $ 0.14 BTC (8,913), which was last hit in the final stages of the 2017 bull cycle.
Late last month, the popular analyst forecast that ETH would hit $ 10,000 and stated that the ETH / BTC pair had broken out of a massive inverse head and shoulders (IHS) pattern, a technical pattern that signals the start of an uptrend .
“After 3 years, ETH / BTC is still breaking out of a large IHS pattern. Maybe the price has been a bit boring over the past few months, but make no mistake about it. ETH is being accumulated again in a monster upward trend. $ 10,000 ETH is not a meme. ”
The source: Smart contractor
As for the ETH / USD pair, analyst Michaël van de Poppe says the outlook remains bullish as long as the support range for the second largest cryptocurrency is between $ 4,600 and $ 4,300.
“Right now the price is being retested at $ 4,450. But the best part, and what I would love to see, is that ETH doesn’t fail under $ 4,600.
Because a sharp correction from here will push the price towards around USD 4,000. At the moment ETH is doing well, so that we can continue to accumulate in the area we have here. ”
Source: Michael van de Poppe
In the case of BNB, smart contracter says the global exchange Binance’s utility token is still on its way to hitting a new all-time high (ATH) above $ 800.
“BNB still looks good, ATH is still 100% solid (in my opinion).”
The source: Smart contractor
In June 2018, when Bitcoin was trading above $ 5,500, it became the smart contracter suspect that the top cryptocurrency will bottom out at around $ 3,200. In fact, Bitcoin hit a low of around $ 3,150 in the following 6 months.
Michael van de Poppe believe Bitcoin may be subject to one more corrective action. According to him, Bitcoin’s price action forms a “potential bullish wedge” that could then trigger a downward move before exploding again.
“If you look at the daily structure, the price movement at the moment could indicate a possible rising wedge, which will lead to a possible collapse at a later date where there will be another corrective move first. If you go up on your own. ”
The popular analyst believes Bitcoin will have to break the $ 66,000 resistance level in order to realize an upward move.
“The main resistance that price has to overcome is $ 66,000 if any upward momentum is expected.”
Source: Michael van de Poppe
Van de Poppe said Bitcoin is more likely to drop to around $ 58,000 if support levels collapse around the $ 62,000 and $ 63,000 regions.
“But if that area doesn’t hold up ($ 62,000 to $ 63,000), a sharp correction is inevitable. Accordingly, the price will drop below the upper range and $ 58,000 is the next level to test support. ”
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