Closely followed crypto analyst Michael van de Poppe announced the levels to watch for 6 altcoins. Here are the details…
Analyst noted these levels for Chainlink and CELR
The analyst says that the decentralized oracle network Chainlink (LINK) and another altcoin are ready to rally. Michaël van de Poppe notes that with LINK’s recent 35 percent rise, “there is more gas in the tank.” He says he’s on track for a potential target of $12, which marks a 37 percent gain from current prices. The analyst uses the following statements:
It’s going according to plan. It’s run 35 percent from $7 to $9.50 and should consolidate as we speak. We should wait for $8 to hold as support and then $12 to be on the board for the potential target.
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Also on the analyst’s radar is the layer 2 scaling solution Celer Network (CELR). According to Van De Poppe, CELR is in a clear uptrend with a 30 percent rally remaining. According to the analyst, the trend is upwards as higher lows are constantly being created. The expert points to the $0.0235-0.024 range to hold as support and $0.034 to be seen. The analyst, who also looks at Bitcoin (BTC) in his tweet, states that BTC is in a consolidation model. He says that near the $23,000 area will present opportunities for the bulls.
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Four altcoins: RSR, ONE, BNB and LTC next
The analyst also examined four altcoins on request. Among those they reviewed were RSR, ONE, BNB, and LTC. The analyst began his analysis for Reserve Rights (RSR) by saying it’s “difficult”. He says the RSR is currently in support, but $0.0065 or $0.00575 could come into question if the support is lost. While he states that the targets are clear, he thinks it could rise to $0.1 if the support continues.
Request 06 – $RSR
Tricky one.
Currently on support, but if that one is lost, I don't know if I want to play $0.0065 or whether I want to play $0.00575.
Targets are clear, most likely a cent is doable if support holds. pic.twitter.com/1HAXmLQlzW
— Michaël van de Poppe (@CryptoMichNL) August 15, 2022
The expert, who also conveys the levels to be considered for Harmony (ONE), states that ONE shows power. A clear block of orders, according to the analyst, is at 115 Satoshis (Sat). Considering that this is the case, he states that another rise can be seen towards 165 satoshi. He states that the entry levels are between 114-125 Satoshi.
Request 05 – $ONE
This one is showing strength.
A clear order block of support should hold around 115 sats.
If that's the case, then I'm assuming another push happens towards 165 sats.
Entries are also in the 114-125 sats region. pic.twitter.com/e4XleFq52v
— Michaël van de Poppe (@CryptoMichNL) August 15, 2022
The analyst states that the trend for BNB continues to rise. He says it’s one of the strongest coins moving right now. cryptocoin.com As we have also reported, BNB is the native token of the crypto exchange Binance. According to Michael van de Poppe, stock market coins in general are “great”. He states that the $375 target is next, depending on whether BNB is able to sustain the $295 support.
Request 04 – $BNB
The trend remains up and it's one of the strongest coins moving.
Exchange coins overall are a great one.
Looking to see whether $295 sustains support, if that's the case (and I doubt we'll retest it), I'm assuming $375 is next. pic.twitter.com/r1nk9nNc0U
— Michaël van de Poppe (@CryptoMichNL) August 15, 2022
Finally, the expert says that the trend for Litecoin (LTC) is up. However, it does point to the cryptocurrency’s $65 resistance level. While noting that LTC could rise above $58, he states that it is likely to seek long positions around $60. On the upside, he mentions $75 and $95 as the next levels.
Request 03 – $LTC
The trend is still upwards, but facing a crucial resistance at $65.
I'd like to see it sustain above $58 and would be seeking for longs around $60.
If those hold, no doubt we'll be seeing continuation to $75 and possibly $95. pic.twitter.com/jfrMGCGJTA
— Michaël van de Poppe (@CryptoMichNL) August 15, 2022