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Michaël van de Poppe Analyzes Four Altcoins, Predicts Possible Scenarios for Bitcoin and Ethereum | The Daily Hodl

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High-profile crypto dealer Michaël van de Poppe is analyzing 4 altcoins that not too long ago broke out, and he’s additionally tracing the trail of Bitcoin and Ethereum.

Upon request from his 361,000 Twitter followers, Van de Poppe takes a have a look at proof-of-stake blockchain Terra (LUNA), which is up 3.6% on the day at time of writing, buying and selling at $17.54.


Van de Poppe says he isn’t enthusiastic about LUNA on the present worth, but when the asset breaks right down to $15 and even $11.50, he would possibly think about a commerce.

The analyst’s subsequent goal for LUNA is round $19.32. He says that LUNA should maintain the $16.35 help stage to sign additional continuation.

Source: Michaël van de Poppe

Next up, Van de Poppe discusses the peer-to-peer switch community Ravencoin (RVN).

Van de Poppe says he’s at present not enthusiastic about longing RVN in its Bitcoin pair (RVN/BTC), but when it retests help at 0.00000234 BTC or 0.00000261 BTC ($0.11 or $0.12 at time of writing), the analyst will think about a commerce.

Ravencoin is buying and selling at $0.15 at time of writing, in line with CoinGecko.

Source: Michaël van de Poppe

As for scalable blockchain Cosmos (ATOM), Van de Poppe says that he expects the asset to retest help round $12.772 this month, then soar again as much as $17 in September earlier than reconquering the $20 space by November.

At time of writing, ATOM is trading at $15.10.

Source: Michaël van de Poppe

The fourth altcoin Van de Poppe discusses is decentralized buying and selling platform Wootrade Network (WOO), which is trading at $0.867 at time of writing.


Van de Poppe says Woo is dealing with resistance at $0.91. The analyst would possibly think about a commerce if WOO dips again right down to $0.71 or $0.55.

Source: Michaël van de Poppe

As for Bitcoin, Van de Poppe says that the main crypto is seeking to flip $45,000 into strong help. The analyst says he is not going to be taking any trades as Bitcoin approaches the resistance zone from $47,000-$49,000.

At time of writing, Bitcoin has entered that resistance zone and is buying and selling at $47,510.

Van de Poppe says that if Bitcoin continues this run-up into the resistance space this weekend, it can most certainly be a fakeout. He says, nonetheless, that if BTC takes on a run through the week, then it may very well be on a respectable rally.

Ethereum (ETH) is dealing with resistance as effectively at round $3,270, in line with the analyst. Van de Poppe says he would possibly think about a fast commerce at $3,160.

ETH would possibly crack by means of the resistance space, however that can rely upon how Bitcoin performs on the present stage, says Van de Poppe.

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Disclaimer: Opinions expressed at The Daily Hodl are usually not funding recommendation. Investors ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual threat, and any loses it’s possible you’ll incur are your duty. The Daily Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Daily Hodl an funding advisor. Please be aware that The Daily Hodl participates in affiliate marketing online.

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(This story has not been edited by CryptoNFT | Latest News Live and is revealed from a syndicated feed.)

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