Crypto analyst Jason Pizzino says Cardano (ADA), Ethereum (ETH) and Binance Coin (BNB) will need to ditch key levels in order to maintain their upward momentum.
In a new video, Pizzino tells its 181,000 YouTube subscribers that while Cardano is showing strong signs of recovery, it needs to break its immediate resistance to trigger the next leg.
“I want to top that price again here, $ 2.04, about $ 2.05, $ 2.06, $ 2.10. Give him a few cents to be sure. That’s pretty much the point, and we’re getting a lot closer to it. However, the volume is falling. “
At the time of writing, Cardano is trading at $ 1.68, up 0.40%, according to CoinMarketCap.
Turning to Ethereum, the crypto strategist says the leading smart contract platform appears relatively strong but is approaching a critical price point that is currently acting as a strong resistance across multiple time frames.
“We reach higher heights. It looks good. We definitely want this breakout to be above $ 3,000 … At this point it really starts to be rejected … This is a very critical point for Ethereum. So if you get past that point, around $ 3,100 [area] and hold on to a couple of conclusions, i’m much more optimistic. That’s what I’m waiting for – for the bullish momentum to continue for ETH. “
As for Binance’s native asset BNB, Pizzino says it will need to recapture a crucial level above $ 500 for the upward move to continue.
“That’s the big breakdown, May 19th, 10 am. [The] The high for the day is $ 516. We are slowly climbing back, just like on all the other charts. This is another critical level for Binance [Coin] also.”
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