Cryptocurrencies Price Prediction: Polkadot, Algorand & Bitcoin — Asian Wrap 29 Apr

Polkadot price still underwater as bears aim for $14.50

Polkadot price still looks unappealing as the price is currently coiling into a bearish flag. Traders should look for potential short entries or stay away entirely. Polkadot price has printed its lowest candlestick this month at $16.40. Since the DOT price has been coiling upwards into a smaller parallel channel that looks like a bearish flag, the DOT price can continue the countertrend for several more days, so being an early seller is not advised. 

 

Algorand price erratic behavior signals an important ingredient for investors

Algorand price is producing choppy back and forth action likely to form an ending diagonal pattern. Traders could expect very tricky price movements to persist unless $0.85 is broken. Algorand price has validated last week’s thesis as the bears managed to push the price into the first target at $0.65.

 

Wyckoff Theory suggests “The Spring is in” for the Bitcoin price

Bitcoin price back and forth nature spells for a Wyckoff accumulation in play. Traders should expect more up-trend with games and fakeouts along the way. Bitcoin price has been a complicated chart to swing trade as the “original cryptocurrency” has experienced several erratic trend changes within the last few weeks.

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