Top Ethereum Altcoin Project Looks Poised For Bigger Rally, According To Crypto Analyst Michaël van de Poppe
A widely followed cryptoanalyst says a blockchain oracle built on Ethereum (ETH) is poised for a bullish flip.
Merchant Michaël van de Poppe says his 618,300 Twitter followers that Chainlink (LINK) could explode from current prices approaching $7 to upwards of $10.
“Chainlink looks ready for $9.50-10.00 and there’s not much you can do about it.
Triggers if flip occurs.”
Diving deeper into ETH, the cryptoanalyst says he would look for shorts on the leading smart contract platform at current prices, although he sees strength in the upcoming merger.
“Technically, there will be a short entry on ETH here.
On the other hand, a lot of strength with the merger to come, so I’d rather be brief with more convictions and confirmations.
The crucial area to hold for ETH is $1,570, if possible, continuation upwards.”
ETH is trading at $1,562 at the time of writing.
Van de Poppe too thinking interoperability blockchain Polkadot (DOT) has great upside potential.
“Something to watch at DOT.”
DOT is trading at $7.44 at the time of writing.
The trader also puts in his two cents on Bitcoin (BTC), explaining what he thinking maybe next time.
“Bitcoin faces decisive resistance again.
If it breaks $23,800, I guess we continue and then $28,000 is on the table, but we also have a clear breakout above the 200 week [moving average] confirmed.”
The crypto king is currently trading at $22,941.
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Featured Image: Shutterstock/GrandeDuc/Dilok Klaisataporn
