Crypto Analyst Examines Cardano (ADA), Cosmos (ATOM) and Three Other Altcoins, Reveals What To Watch Out For
Widely-followed crypto analyst Michaël van de Poppe is revealing five altcoins he has set his eyes on, highlighting important price zones for the digital assets.
Starting with Cardano (ADA), Van de Poppe tells his 582,800 Twitter followers that the ninth-largest cryptocurrency by market cap would only be of interest to him if it reclaims the 0.00002690 BTC ($1.08) level paired against Bitcoin.
Alternatively, the crypto analyst says that Cardano would be a buy if it plunges below 0.00001931 BTC ($0.77).
“ADA
Not really interested unless we reclaim higher level or drop back to the green zone for support.”
Cardano is trading at 0.00002336 BTC, or $0.93, at time of writing.
Next up is the native token of Cosmos (ATOM), a decentralized network that offers developers tools to create interoperable blockchains.
Van de Poppe says that ATOM would ignite his interest if it falls into the range around the $21.19 price level.
“ATOM
Still having interest at this range low on this one.”
Cosmos is trading at $24.70 at time of writing.
The third crypto asset that Van de Poppe is looking at is the native token of smart contract-enabled scalable blockchain Harmony (ONE).
The crypto analyst and trader says that ONE would be a buy if and once it drops to around the 0.00000280 BTC ($0.11) price when paired against Bitcoin.
“ONE
Still waiting for it.”
ONE is trading at 0.00000300 BTC, or $0.12, at the time of writing.
Next up is the utility token of the scalable smart contract-enabled blockchain Elrond (EGLD). Van de Poppe says that EGLD would spark his interest if it rises above a resistance zone around the $199.23 price level or if it plunges to around the $128.04 price level.
“EGLD
Interested if this one breaks out of this range or sweeps the lows for liquidity.”
Elrond is trading at $159.89 at time of writing.
Completing the list of five altcoins is the native token of the Ethereum-scaling network SKALE (SKL).
Van de Poppe says that SKL’s price has pulled back significantly after a rally and it would be of interest to him at between the $0.1816 and $0.1852 price.
“SKL
Heavy run, now correcting and looking at an area where I’d become interested in the coin, as we’ve seen a heavy correction here too.”
SKL is trading at $0.2029 at time of writing.
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The post Crypto Analyst Examines Cardano (ADA), Cosmos (ATOM) and Three Other Altcoins, Reveals What To Watch Out For appeared first on The Daily Hodl.
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Author: Daily Hodl Staff
