Here Are Crucial Levels To Watch for Cardano and 6 Emerging Altcoins, According to Crypto Trader Michaël van de Poppe
Widely-followed trader and crypto strategist Michaël van de Poppe is outlining the key price levels in Cardano and six low-cap altcoins for strong bullish continuations.
In a new tweetstorm, the analyst tells his 275,400 followers that as long as its immediate support is held, Cardano is primed to print gains of nearly 50% against Bitcoin (ADA/BTC) from its current value of 0.000023 to his target of 0.000034.
“This one has to hold that small green block around 2,200 satoshis (0.000022). If that happens, trend continues.”
Another coin on Van de Poppe’s radar is hybrid blockchain platform ICON, which he says can potentially erupt over 130% against Bitcoin (ICX/BTC) from its current value of 0.000042.
“The green zone has to hold. If that happens, I’m expecting a retest of 5,600 (0.000056) and run to 9,700 satoshis (0.000097).”
Next up is high-throughput blockchain Zilliqa. According to Van de Poppe, ZIL/BTC is in a strong uptrend and he expects the pair to surge nearly 40% from its current price of 0.00000364.
“Nothing to worry. Still bullish uptrend with higher highs and higher lows. Next to that: 100-day and 200-day moving average beneath us. Most likely continuation to 500 satoshis (0.000005).“
The fourth coin on Van de Poppe’s list is internet-scale blockchain Elrond. The trader says EGLD/BTC must hold a key level to continue its ascent above 0.005 and print gains of over 50% from its current value of 0.0033.
“Lower timeframe, I’d like to see it hold above [0.0028]. If that happens, continuation is likely.”
Number five is blockchain-based point of sale solution Pundi X, which the trader notes has likely bottomed out and is getting ready for the next leg up against Tether (PUNDIX/USDT).
“Yes, this is not the correct chart as it switched to PUNDIX, but it shows why you should avoid FOMO (fear of missing out). Everyone wanted to buy at the vertical spikes, while the actual entries are derived through price action. Gave beautiful retests and most likely bottomed.”
Van de Poppe is also keeping watch on LTO Network, a blockchain platform with business-to-business functionalities. The analyst says that while LTO/BTC may be volatile, it can potentially print a new all-time high as long as it holds support around 0.0000097.
“This one has some massive volatility, through which I’d only be interested around the green area for a retest of the 100-day and 200-day moving averages. If that happens and holds, continuation is likely and possibly new highs.”
Van de Poppe is tracking the performance of decentralized exchange protocol THORChain as well. He highlights that RUNE/BTC has managed to stay above a key level and is now gearing up for a 43% rally from its current price of 0.0003.
“Did make a beautiful retest at 22,000 satoshis (0.00022) and as long as that holds (seems very likely), I’m assuming we’ll see another impulse wave towards the Fib extensions. Then I’d be looking at 35,000 (0.00035) and 43,000 satoshis (0.00043).”
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Featured Image: Shutterstock/Mia Stendal
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Author: Daily Hodl Staff