Cardano (Ada) with the mobilization of the market $0.760193 and avalanche 
$22.13 (AVAX) altcoin‘s moving towards important resistance levels. Technical analysis shows that both Altcoin will face critical turning points in the coming days. According to Elliott wave theory, Cardano is preparing for a new wave of ascension, and for Avalanche, strong purchase signs began to appear. However, experts warn the prices in front of the resistance to overcome the resistance can lead to harsh decreases warns.
Ada Coin Analysis: The price is preparing for rise
Ada CoinAfter the summit of $ 1.38, it is about to complete the long correction process. The complex Wxyxz wave model formed in the 4 -hour graph was entered. After the Z wave was completed for $ 0.57, the price was stuck in a symmetrical triangle formation. According to Elliott wave analysis, this triangular formation points to the beginning of a large wave of rise.
CARDANOThe price of the triangle is currently testing the top resistance of the triangle. Breaking this resistance can move the island to $ 0.7766 and then to $ 0.9069 with significant resistance level. Analysts say that if the rise continues, Cardano can target $ 1.53 in the short term and $ 1.74 in the long term.
The critical support level for the rise scenario is shown as $ 0.6476. The fall below this level may invalidate the rise estimates and initiate a new wave of decrease.
AVAX Coin Analysis, Comment: Big Return Signs in Price Chart
Avax Coin around 15 percent in the last week is traded around $ 21. However, technical analysis experts emphasize that the descending wedge formation in the price graph indicates a upward break in a short time. Analyst Cryptoelıtes, especially if the resistance in the $ 35-40 region is overcome AvalancheThe price of the coin’s price is that it has the potential to rise up to 80 – 100 dollars and then up to 250 dollars.
Large investors who have recently been called whales Avax There is a serious increase in purchases. According to Intothheblock data, 314 large volumes took place in the last 24 hours. Experts emphasize that this situation indicates that big investors expect price rise.
Although the management changes in the Avalanche Foundation affect the investor confidence, the developer team announced that the work continues without slowing down. Following this statement, it is stated that the acceleration of AVAX rise may increase if investors gain confidence again.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
