Crypto analyst shares analysis for 4 Altcoin trading opportunities after CoinEdition

• Michaël van de Poppe shares his technical analysis for RSR, LINK, ADA and QNT.
• ADA is a massive long-term buying opportunity, according to the analyst.
• He adds that RSR could drop to as low as $0.0055.

The global crypto market cap is down 1.82% in the last 24 hours according to crypto market tracking website CoinMarketCap. Despite this, the total crypto market capitalization maintains its position above $1 trillion.

Quant (QNT)

Quant (QNT) is up 3.08% in the last 24 hours – pushing its price up to $167.57. In addition, QNT’s price has strengthened against (BTC) and (ETH) by 5.06% and 6.09% respectively.

Crypto trader Michaël van de Poppe (@CryptoMichNL) tweeted his technical analysis on QNT last night. According to the cryptoanalyst, a potential bounce game is on the cards for QNT.

QNT’s price is currently trading near the support of the previous bounce play, leaving two scenarios that could play out. Either the price of QNT rebounds back up or it falls to $140 where the next play will happen.

Chainlink (LINK)

The price of LINK is trading at $7.92 after a 24-hour gain of 2.31%. LINK has also strengthened against BTC and ETH by 4.28% and 5.35% respectively.

Daily chart for LINK/USDT (Source: Twitter)

According to the cryptoanalyst, the current risk/reward ratio that traders should use for a LINK long position is around 4.04%. The final target for a long position on LINK is 26.23%.

Reserve Rights (RSR)

RSR is trading at $0.006221 and was unable to follow the trend seen with LINK and QNT as the price has fallen 3.30% in the last 24 hours. Furthermore, the price weakened against BTC and ETH by 1.59% and 0.54% respectively.

Michaël van de Poppe suggests entering a long position at $0.0055 or when RSR’s price is able to turn the $0.007 resistance level into support. Given the current price drop of RSR over the last 24 hours, it may be best to wait for RSR’s price to fall to $0.0055.

(ADA)

ADA is currently trading at $0.4016 after its price fell 4.35% in the last day. Like RSR, ADA’s price has weakened against BTC and ETH by 2.48% and 1.34% respectively.

The crypto analyst believes that there is a long-term, massive buying opportunity present for ADA investors at the moment. He goes so far as to add that ADA’s current price may remain at the lows of this current bear market.

Disclaimer: The views and opinions, as well as all information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be liable for any direct or indirect damage or loss.

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