Cardano Must Hold These Crucial Levels To Sustain Bullish Momentum: Trader Michaël van de Poppe.
13 Jun 2021, 21:02
Cardano Must Hold These Crucial Levels To Sustain Bullish Momentum: Trader Michaël van de Poppe
Crypto trader and analyst Michaël van de Poppe is keeping a close watch on Cardano as he maps out the critical areas that must prevail in order to sustain ADA’s bullish momentum in both its BTC and USDT pairs.
In a new video, the trader tells his 105,000 YouTube subscribers that ADA/BTC must hold its immediate support, or it could see a significant correction.
“If we look at the support in general, we can find one in the area that we have here (0.000039). You preferably want to see Cardano hold this entire range, especially given that we’ve had a similar construction previously before we started to continue moving. So you don’t want to see ADA break beneath this entire construction. If that is going to happen, then I’m targeting 2,900 satoshis (0.000029) as the next obvious entry point.”
Looking at the USDT (Tether) pair, Van de Poppe says he’s expecting Cardano to ignite a rally as long as it can stay above a key area. Otherwise, a move down to long-term support of $1.00 is in the cards.
“When you look at the USDT pair, you can see the crucial area of support is also holding up here ($1.38). If that is lost, the entire structure of higher highs and higher lows is being lost in general here, meaning that I’ll be looking at the $1.00 area in general for Cardano at this stage. But if we do hold here ($1.38), you want to see the Bitcoin pair bouncing back strongly as then we can start targeting the resistance ($1.85), and then we might be starting to target new highs as well.”
As for Bitcoin, the crypto analyst says BTC has managed to keep the bears at bay, and he believes that is a signal for a move above resistance at $40,000.
“On the lower timeframe, on the recent price action, we’ve had a fakeout to the downside. We failed to break further down, so we failed to flip this level ($34,500) for resistance through which we are back into a range construction and are eager to test the upper bound resistance of the range which is between $39,000 to $41,000.
In that case, most likely, we’re going to have such a breakout to the upside, meaning that we most likely have reversed as we’ve had this test to the downside, and we have avoided any further downwards momentum.”
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113 Jun 2021, 21:05
Large, Luxury Penthouse in Miami Sells for $22 Million in Crypto
One of America’s most luxurious penthouses just sold for more than $22 million – and the deal was completely finalized through cryptocurrency. The home consists of four bedrooms and is located within a condo building known as Arte by Antonio Citterio, which is situated in Miami Beach, Florida and designed by real estate developers Alex Sapir and Giovanni Fasciano.
Miami Real Estate and Crypto… A Perfect Match?While crypto-real estate deals have been occurring over the past seven years, they are not common in any way, shape, or form. Typically, in America, all deals close through USD, but both Sapir and Fasciano expressed their excitement over the event and said in a recent interview that they always felt real estate and crypto went hand in hand… It was just a matter of time before people realized that, and as a result, they have consistently been open to homebuyers looking to pay their way with digital currency.
Sapir explains that there were several offers made on the residence, many of which would have also been done with crypto. He explained:
There is a strong, pent-up demand for cryptocurrency transactions that are seamless and secure for both parties, and the deal at Arte is a prime example of that. We were overwhelmed by the amount of calls we received from qualified buyers just after announcing our ability to facilitate cryptocurrency transactions. Real-world crypto transactions have not made their way fully into the mainstream yet, so it is quite clear top holders around the world pay attention when new opportunities to transact open up.
Fasciano says that with this sale, he has no doubt Miami could become a leader in crypto-based real estate sales, and he is hopeful that this will attract more digital investors to the housing mix. He says:
We are making Miami real estate history with this sale, as we were the first new development to facilitate this kind of cryptocurrency transaction, and to do so successfully so quickly after announcing. Cryptocurrency is the future of wealth, and we believe this is only the beginning. Arte has set the precedent for what these sales can look like and how fast they can take place. We are proud to have laid the groundwork for this new, burgeoning world.
Why Crypto Works WellSapir further stated what it was that inspired them both to accept crypto in the first place:
When we first set out to develop a boutique, resort-style oceanfront condominium for only 16 owners, no one had ever heard of anything so luxe and at such a small scale in Miami. It did not deter us, and we wanted to get ahead of a future world where half the world’s billionaires could have easily made their wealth from cryptocurrency. The quick sale of the Lower Penthouse at $22.5 million proves the success of the concept.
Large, Luxury Penthouse in Miami Sells for $22 Million in Crypto.
Large, Luxury Penthouse in Miami Sells for $22 Million in Crypto
One of America’s most luxurious penthouses just sold for more than $22 million – and the deal was completely finalized through cryptocurrency. The home consists of four bedrooms and is located within a condo building known as Arte by Antonio Citterio, which is situated in Miami Beach, Florida and designed by real estate developers Alex Sapir and Giovanni Fasciano.
Miami Real Estate and Crypto… A Perfect Match?While crypto-real estate deals have been occurring over the past seven years, they are not common in any way, shape, or form. Typically, in America, all deals close through USD, but both Sapir and Fasciano expressed their excitement over the event and said in a recent interview that they always felt real estate and crypto went hand in hand… It was just a matter of time before people realized that, and as a result, they have consistently been open to homebuyers looking to pay their way with digital currency.
Sapir explains that there were several offers made on the residence, many of which would have also been done with crypto. He explained:
There is a strong, pent-up demand for cryptocurrency transactions that are seamless and secure for both parties, and the deal at Arte is a prime example of that. We were overwhelmed by the amount of calls we received from qualified buyers just after announcing our ability to facilitate cryptocurrency transactions. Real-world crypto transactions have not made their way fully into the mainstream yet, so it is quite clear top holders around the world pay attention when new opportunities to transact open up.
Fasciano says that with this sale, he has no doubt Miami could become a leader in crypto-based real estate sales, and he is hopeful that this will attract more digital investors to the housing mix. He says:
We are making Miami real estate history with this sale, as we were the first new development to facilitate this kind of cryptocurrency transaction, and to do so successfully so quickly after announcing. Cryptocurrency is the future of wealth, and we believe this is only the beginning. Arte has set the precedent for what these sales can look like and how fast they can take place. We are proud to have laid the groundwork for this new, burgeoning world.
Why Crypto Works WellSapir further stated what it was that inspired them both to accept crypto in the first place:
When we first set out to develop a boutique, resort-style oceanfront condominium for only 16 owners, no one had ever heard of anything so luxe and at such a small scale in Miami. It did not deter us, and we wanted to get ahead of a future world where half the world’s billionaires could have easily made their wealth from cryptocurrency. The quick sale of the Lower Penthouse at $22.5 million proves the success of the concept.