Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • Email Alerts
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • Email Alerts
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Here Are Key Bullish Levels for Cardano, Dogecoin, and Litecoin, According to Trader Scott Melker

by Daily Hodl Staff
April 28, 2021
in Bitcoin, Trading

Crypto analyst and trader Scott Melker is mapping out price levels for Cardano and two red-hot altcoins that are key in keeping their bullish momentum alive.

In a new strategy session, Melker tells his 36,500 YouTube subscribers that Cardano (ADA) is currently trading in a wide range between $1.50 and $0.98, but it now has an opportunity to break out of consolidation.

“This is beautiful… I’d be looking for something like this (move above $1,24) if it continues.”

Melker notes that the buy levels for Cardano for bullish continuation are around $1.20 and the breakout and retest of $1.50 as support. Should Cardano follow the script, a breakout can potentially catapult ADA to a new all-time high of $2.20.

Looking at Dogecoin (DOGE), the trader says it must take out a strong resistance level before it can gather some bullish momentum.

“I would say get it above that line, $0.28. Take it off the top [and] we can go up there ($0.45). Otherwise, that’s pretty good resistance.”

Another coin on Melker’s radar is Litecoin (LTC). According to the trader, LTC is trading within a descending channel, which it can break out of if it manages to move above a crucial level.

“I would say you trade it like this if you’re in the USD pair. You get above that ($250) and then you’re heading up here, $370 again.”

As for Bitcoin, Melker says that BTC must breach its immediate resistance in order to sustain its bounce.

“If you want to get truly bullish again, you gotta be above here ($56,000).”

Should Bitcoin fail to flip $56,000 from resistance to support, Melker says the leading cryptocurrency risks igniting a renewed sell-off below $50,000.

“If you want to be bearish, there’s a few reasons to be bearish on Bitcoin. That looks like a rounding top like we’ve seen on rounding bottoms… If it drops again, I would love to see it do this (fall to $41,000), sweep that low right there. That would give us a huge daily oversold RSI (relative strength index).”

Melker says the drop to $41,000 will allow Bitcoin to carve a bottom and ignite a massive rally all the way above $72,500.

I

Check Price Action

Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

 
Check Latest News Headlines


 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/cinzia murgia

Submit a Press Release

Industry Announcements

  • Babel Finance Used Collateralized eNote on FQX’s Solana DApp via Fireblocks
    May 19, 2022
  • Top Solana Play-to-Earn Contender DeFi Land Launches Its First Play-and-Earn Game
    May 18, 2022
  • Sneakmart Announces a Collaboration With StockX on Its First Metakicks Drop
    May 18, 2022
  • Everyrealm and Storyverse Partner To Create Interactive Stories for NFT Communities
    May 18, 2022
  • DoraHacks Raises $20 Million Led by FTX Ventures and Liberty City Ventures To Scale Its Global Web 3.0 Startup Platform
    May 18, 2022
  • BinaryX Unveils CyberArena – A New Play-To-Earn Experience
    May 18, 2022
  • Coinshift Closes $15 Million Series A Led by Tiger Global, Sequoia Capital India, Alameda Ventures
    May 17, 2022
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$30,018.00
$30,018.00
2.5%
Ethereum
$1,996.98
$1,996.98
0.84%
Cardano
$0.527607
$0.527607
0.7%
XRP
$0.418372
$0.418372
0.57%
Dogecoin
$0.086639
$0.086639
0.52%

Spotlight

  • Bitcoin and Crypto Markets Pop – Here’s What’s Next for BTC, Dogecoin, Cardano, Polygon and Fantom, According to Michaël van de Poppe
    May 13, 2022
  • Celsius CEO Issues Warning, Says Not All Stablecoins Are Created Equal – Here’s Why
    May 16, 2022
  • Ex-Fed Chair Ben Bernanke Warns Bitcoin (BTC) Faces Two Massive Risks That ‘Investors Should Be Aware Of’
    May 19, 2022
  • Stablecoin Regulations Need To Allow Room for Failure, Says Crypto-Friendly SEC Commissioner Hester Peirce
    May 14, 2022

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2022 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • Email Alerts
  • DAILY HODL MIX

© 2022 The Daily Hodl