A popular analyst is pointing his radar at various altcoin projects. Analyst Michael van de Poppe says he’s locked in a number of altcoins that are high on the savings list, including Ethereum (ETH) and Polkadot (DOT).
Analyst drew attention to 6 altcoins
Crypto strategist Michaël van de Poppe said he believes crypto markets give long-term bulls an opportunity to hoard cryptocurrencies at discounted prices. In addition to leading smart contract platform Ethereum and interoperability chain Polkadot, Van de Poppe says he is currently accumulating Cosmos (ATOM), a blockchain ecosystem designed to scale and communicate with each other.
The crypto strategist also points to SKALE (SKL), a blockchain network that aims to allow developers to create and provide decentralized chains that are fully compatible with Ethereum. He also says he’s focusing on the Mina Protocol (MINA). Finally, he shares his expectation of seeing gains for Concordium (CCD).
Michael van de Poppe shared his expectations about the leading altcoin
Taking a closer look at Ethereum, Van de Poppe predicts in a new strategy session that ETH should probably maintain its immediate support to ignite a rally above $2,000. Looking at Van de Poppe’s chart, the analyst predicts a potential Ethereum rally to $2,225. It indicates that we could see a test process at the levels between $1,450 and $1,475. He also states that if these levels hold, we may see a “crack” of $1,685.
The analyst conveyed the areas to be considered in Bitcoin
As for Bitcoin (BTC), Van de Poppe says that the biggest crypto is currently trading in a tight range on the lower time frame of $19,000 to $20,600. The expert is pointing above the $19,800 level for BTC. He talks about the possibility of seeing $18,900 if the $19,800 to $20,000 level is lost. Then, once we move to the other side of the range, he points out the possibility of $20,600.
cryptocoin.com As we reported, Bitcoin had risen to $ 22,000 on August 26. Tried to save some ground. However, the bears were quick to stop the move and pushed the asset down. Within a few hours, BTC lost almost $2,000. It was dangerously close to falling below $20,000. It managed to maintain this level at first. However, it soon seemed almost inevitable that it would fall below this level. Therefore, Bitcoin traded below $20,000 for the first time in over a month. It hit a 7-week low of $19,500 on August 29.
