Bitcoin, Cardano & SafeMoon – American Wrap 15 November

Bitcoin (BTC) price has gapped higher this Monday morning on the back of positive sentiment. BTC price opened above $65,087 and saw support coming in from bulls, defending the level. The Relative Strength Index (RSI) has seen an uptick in buy-side volume, with bulls gearing up for an attempt at $70,000.

Cardano price eyes 22% upswing as ADA bulls make a comeback

Cardano price is sticking to the rounded bottom formation as it continues to slowly scale higher. The recent run-up seems to have come undone, but the bullish thesis remains intact and investors can expect ADA to continue its uptrend.

SafeMoon bearish continuation pattern hints at 60% drop

SafeMoon price is experiencing a rare development on its daily candlesticks chart. The consolidation has lasted for five days – but every day since November 10th has been an inside bar, meaning the trading ranges have consistently developed lower highs and higher lows for five straight days. As a result, a breakout lower would likely trigger some powerful selling.

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