Jason Pizzino Draws Key Levels For Cardano, Ethereum and Binance Coin
According to crypto expert Jason Pizzino Cardano (ADA), Ethereum (ETH) and Binance Coin (BNB) must overcome key levels in order to keep their bullish momentum.
In a recent video, Pizzino gives heads up to his 181K YouTube subscribers that while ADA is showing strong signs of recovery, it must breach its immediate resistance to trigger the next leg up.
“I want to get back above this price here, $2.04, around the $2.05, $2.06, $2.10. Give it a few cents just to make sure. That’s pretty much the point there and we’re getting very much closer to it. However, volume is dropping.”
At time of writing, Cardano is trading at $1.57, down 9%, according to CoinMarketCap.
Regarding ETH, the Pizzino says the leading smart contract platform appears quite strong, but it is approaching a critical price point that is currently acting as a strong resistance level on multiple timeframes.
“We’re getting higher highs. It’s looking good. We definitely want to get this breakout above $3,000… It’s really starting to get rejected at this point… This is a very critical point for Ethereum. So if you can get above that point, around the $3,100 [area] and hold, a few closes, I’m much more bullish on it. That’s what I’m waiting for – for a more bullish momentum continuation for ETH.”
According to Pizzino, Binance’s native asset BNB, must reclaim a crucial level above $500 for bullish continuation.
“That’s the big breakdown, 19th of May, 10 AM. [The] high on that day is at $516. We’re climbing our way back slowly, just like we are on all the other charts. This is another critical level for Binance [Coin] as well.”
