New statements came from the analyst using the pseudonym Capo, who made a name for himself with his accurate predictions about the Bitcoin and cryptocurrency market in 2022.
Capo of Crypto, who is known for his bearish views and is frequently criticized by investors for his bearish comments, evaluated Ethereum and BNB on telegram.
Continuing the downward trend in Ethereum and BNB, the analyst said that he expected an increase beforehand.
“Ethereum May Rise to $2,500!”
At this point, il Capo, who first examined Ethereum, claimed that ETH would first rise and then experience a big decline.
Stating that ETH turned previous resistance into support, the analyst said that he expects ETH to rise up to $ 2,500, which is a strong resistance zone.
According to the analyst, if ETH falls below $ 2,000, there will be bearish confirmation and it may make new lows.
“I have the same bearish plan for Ethereum, but it will fall higher because ETH has turned previous resistance into support.
I expect ETH to rise some more now and reach $2500, which is a very strong resistance zone.
A bearish confirmation for ETH could mean a clean break below $2000. In such a case, it should take all the liquidity it has below and eventually make a new low.
The main target for ETH will be $550-600.”
“I'm glad I closed my BNB Short Position!”
Secondly, Capo, who examined BNB, said that he was happy to close his short position in BNB.
Stating that BNB will continue its rise, the analyst pointed out that BNB may go to the $300-350 resistance zone.
He added that he would open a short position for Il Capo BNB again at $350.
“I'm glad I made a profit of $250.
BNB looks like it wants to move towards the $300-350 resistance zone.
“When we reach these levels, I intend to reopen the BNB short position.”
*This is not investment advice.
