Bitcoin, Cardano & Shiba Inu — Asian Wrap 20 May

Bitcoin price sideways action signals smart money involvement. A jaw-dropping rally could occur in the very near future. Bitcoin price action is currently distorting severely compared to the previous consolidations within the decline. Bitcoin price has Fibonacci targets at $35,000 and $37,000.

 

Cardano price is preparing for a retest of $0.40 before a massive countertrend rally occurs. Cardano price is on professional traders’ urgent watchlist as the digital asset could enter a mid-term bottom in the $0.45 zone before rallying upwards towards $0.60.

 

Shiba Inu price warrants the idea of further sell-off as the bulls are failing to retaliate against the bearish strong hold. Shiba Inu price lack of bullish momentum spells for another decline expected to happen in the very near future. Shiba Inu price shows negative reversal signals.


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