Popular crypto strategist Michaël van de Poppe is predicting bullish continuations for a handful of altcoins, together with Avalanche (AVAX), Polygon (MATIC) and Chainlink (LINK).
Van de Poppe tells his 649,000 Twitter followers that he believes the pattern for sensible contract platform Avalanche remains to be up, regardless of its latest pullback.
“Difficult chart, it’s in between levels, trend is still up. Great bounce from $18 and looks for continuation. Would be interested between $18-19, targeting $25 or higher.”
At time of writing, AVAX is buying and selling for $20.82, up almost 6% on the day.
Next up is the blockchain scaling answer Polygon. According to Van de Poppe, he sees a doable dip for MATIC to across the $1.25 value stage earlier than the subsequent leg up. However, he additionally says that MATIC may simply proceed rallying to its speedy resistance.
“Slight correction took place, continuation towards next resistance around $1.65. If there’s a dip towards $1.25-1.35, then I’m assuming we’ll be buying for continuation on the rally. Trend is simple.”
At time of writing, MATIC is value $1.48, up greater than 1% within the final 24 hours.
Another altcoin on the analyst’s radar is the decentralized oracle community Chainlink. Van de Poppe says that LINK is at the moment presenting the “opportunity of a lifetime.”
“Slightly breaking out, if we get a retest around $7.80 I would be happy to long, resistance around $8.50-9.00, before we continue towards $15-20.”
At time of writing, LINK is buying and selling for $7.99, a fractional improve on the day.
Van de Poppe additionally has his eye on sensible contract protocol Fantom (FTM), which he believes will possible appropriate some extra earlier than resuming its uptrend.
“Gave a substantial correction towards $0.42. Massive bounce of 40% from there. Looking at a case of $0.48 as a potential entry, might already been hit at $0.52. Continuation upwards seems likely.”
At time of writing, FTM is value $0.52, a slight lower prior to now day.
The final altcoin on the dealer’s checklist is the native asset of the decentralized alternate GMX (GMX). Van de Poppe thinks that GMX can be possible due for a pullback earlier than its pattern continuation.
“Two levels of interest: $72 and $67.50. If we get there, we can simply continue buying the dip until trend switches. Next target could be $100 then.”
At time of writing, GMX Is buying and selling for $78.79, up over 2% on the day.
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