The incomplete tightening of Cardano (ADA), the analyst said the person called for cryptocurrency adjustment in 2022
A tightly monitoring cryptocurrency analyst is predicting a sudden shortening of Ethereum's rival Cardano (ADA) (ETA).
The analyst nicknamed Capo, known as the collapse of the cryptocurrency market in 2022, said a strong discount is waiting for many cryptocurrency assets.
According to the cryptocurrency strategist, the protest may be motivated by traders who are betting on the cryptocurrency market to adjust in a straight line.
"The late short shorts are about to be a lot."
Short cutting occurs when traders borrow asset units at a certain price in the hope of lower selling to pocket a difference (short selling) forced to buy back when trading goes backwards their trend again.
In the midst of short -term tightening, Capo predicts Cardano will increase by 20% from the current price of $ 0.43 to $ 0.52.
Capo has the same viewpoint on Ethereum's leading smart contract foundation. According to the analyst, the second cryptocurrency asset according to the market capitalization is considering an increase of 23% to $ 1,800.
still has the ability to press short -term to $ 1,800. Then the new low level. ”
Source: Capo / Twitter
At the time of writing, Ethereum is worth $ 1,453, down more than 2% a day.
Looking at Bitcoin, the famous analyst said the BTC had reached $ 20,000, next he would consider a slight increase to $ 23,000 before another boom to 16,000. dollar.
Capo said that there are too many traders who believe that BTC will surpass $ 19,000 so that the price continues in the trend of sustainability. He said that an unexpected tightening will punish the late -selling sellers in the game.
“Many people expect $ 19,000 than those who expect $ 23,000. Funds say it all. In addition, there are many attractive liquidity above $ 21,000. Squeeze the shorts. ”
At the time of writing, Bitcoin is trading at $ 19,847, unchanged during the day.
Aug 29, 2022