Bitcoin, Cardano and Dogecoin – European Wrap 28 September


Bitcoin price is experiencing a momentary downswing as it sets up a falling wedge pattern. Similar to the big crypto, Ethereum price is also forming a bullish pattern. However, Ripple seems to be bouncing off a support floor without any technical formations in play.

 

BTC/USDT 12-hour chart

Cardano price is in a suspended state after its recent breakout from the bullish pattern. If ADA finds a launching pad, there is a high chance a new uptrend begins. Interestingly, there is a confluence of support, indicating a bullish outlook.

 

ADA/USDT 12-hour chart

Dogecoin price is retracing after getting rejected at a stiff resistance level. While this correction could extend lower, it will be in search of a launching pad that will propel DOGE higher.

DOGE/USDT 1-day chart



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