Cryptpo trader and strategist Michaël van de Poppe is naming the top five cryptocurrencies which he thinks could ignite bullish rallies in September.
In a new YouTube video, the trader also known in the industry as Crypto Michaël says he’s looking at Ontology (ONT/BTC) as the pair appears to be carving a bottom.
“We are above the 100-day and 200-day [moving averages]. Flipped it for support. [We are] in the final resistance zone. If we break through this resistance zone, the next levels are 1,000 satoshis and 1,200 satoshis.”
The next coin on Van de Poppe’s list is Wanchain (WAN/BTC). He stresses that the coin must hold the area between 2,900 and 3,100 satoshis to maintain its bullish tone. Should Wanchain hold the support and breach resistance of 4,100 satoshis, the trader expects WAN/BTC to target 5,000 satoshis and 6,200 satoshis.
Crypto Michaël is also keeping tabs on Celer Network (CELR/BTC) as the pair continues to flash bullish signals. The crypto analyst notes that the coin is currently consolidating just below its immediate resistance and he expects the pair to compress and explode to his targets of 200 satoshis and 330 satoshis.
The fourth coin that has caught Van de Poppe’s eye is Troy (TROY/BTC). He highlights that the pair remains bullish as long as it holds the key support around 55 satoshis.
“If we do hold, that would be beautiful as then the next rally should most likely bring us towards 107 satoshis and 145 satoshis.”
The last coin on the trader’s list is Curve DAO Token (CRV/BTC) as the crypto pair is showing potential to more than double its value.
“You want to see a clear support-resistance flip at 2,900 satoshis. If we do get that, I think we’re going to test the levels around 6,000 satoshis and 4,100 satoshis.”
Meanwhile, Van de Poppe expects Bitcoin to continue consolidating in the short term but he defines a key level that would awaken the bulls.
“Short term resistance zone hit. Probably some more ranging expected. Crucial to see $11,250-11,300 hold as a [higher low]. If $11,650 breaks, I think $12,000 next.”
As for Ethereum, the crypto analyst predicts the second-largest cryptocurrency to print a new 52-week high.
“Ethereum [looks] bullish. A new high would bring ETH to $500.”
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