cryptocurrencynews247

Analyst Says Ethereum, Polkadot and Four Additional Crypto Assets Are Top Altcoin Picks for Accumulation


A popular analyst says he has his radar locked on a number of altcoins that are high on his list for accumulation including Ethereum (ETH) and Polkadot (DOT).

Crypto strategist Michaël van de Poppe tells his 624,700 Twitter followers that he believes the crypto markets are giving long-term bulls the opportunity to accumulate digital assets at deeply discounted prices.

In addition to leading smart contract platform Ethereum and interoperability chain Polkadot, Van de Poppe says he’s currently accumulating Cosmos (ATOM), an ecosystem of blockchains designed to scale and communicate with each other.

The crypto strategist also says he has his eye fixed on SKALE (SKL), a blockchain network that aims to allow developers to create and provide decentralized chains that are completely compatible with Ethereum, as well as Mina Protocol (MINA), a project designed to speed up the blockchain identification process.

Looking closer at Ethereum, Van de Poppe forecasts in a new strategy session that ETH must hold its immediate support to possibly ignite a rally to his target above $2,000.

“Clearly, you want to see it test around $1,450 to $1,475. If that holds, we can continue. You want to see a crack of $1,685.” 

Source: Van de Poppe/YouTube

Looking at Van de Poppe’s chart, the analyst predicts a potential Ethereum rally to $2,225. At time of writing, ETH is swapping hands for $1,556.

As for Bitcoin (BTC), Van de Poppe says the king crypto is currently trading within a narrow range in the lower timeframe between $19,000 to $20,600.

“You technically want to see it hold above this area here ($19,800)… If we do lose $19,800 to $20,000, probably we’re going to sweep the lows here ($18,900). And then question will become whether we get a very high volume candle liquidity grab and then reverse immediately and then we can go to the other side of the range ($20,600).”

Should BTC surge to $20,600, Van de Poppe predicts a breakout rally to $22,000.

At time of writing, BTC is valued at $19,866.

I

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Alina Spiridonova/Natalia Siiatovskaia/Fotomay





Source link

Exit mobile version