Closely-followed crypto trader and analyst Michaël van de Poppe is unveiling the key levels for Chainlink and four low-cap altcoins for massive bullish continuation.
In a new tweet, Van de Poppe tells his 276,500 followers that Chainlink must hold its immediate support around 0.007 against Bitcoin (LINK/BTC) to sustain its uptrend and potentially print gains of over 56%.
“Looks like the start of a bull cycle to me, in which we’re breaking upwards and flipping every previous resistance for support. This period takes time and isn’t explosive. However, breaking 100,000 satoshis (0.001) and I’ll assume we’ll see 125,000 satoshis (0.00125).”
The trader is also tracking the price action of token launch platform Waves against Bitcoin (WAVES/BTC). According to Van de Poppe, the pair must establish support around 0.004 before it can kick off its next leg up.
“This one has seen a massive move upwards and that’s great. However, after such a move, consolidation happens (check the left side of the picture). Very healthy and I’ve also described the crucial levels to hold.”
Another coin on Van de Poppe’s list is video-sharing platform Verasity, which he says is in the midst of a healthy consolidation against Bitcoin (VRA/BTC). The crypto strategist highlights 0.0000004 as an area where the pair can carve a bottom and restart its bullish trend.
“I’m assuming a long, sideways period is very healthy here in which you often see a structure as shown in the chart. Critical support is way beneath us.”
The crypto analyst is also keeping an eye on public network for peer-to-peer payments Hedera Hashgraph in its Bitcoin denomination (HBAR/BTC). Van de Poppe notes that HBAR/BTC must continue to trade above 0.0000048 so it can ignite the next phase of its bull market.
“This one is still consolidating after a nice run and on a beautiful support area. Should be a point of interest. Holding here = new impulse wave likely.”
The last coin on Van de Poppe’s radar is open-source decentralized oracle DIA. He says that as long as DIA/BTC stays above crucial support of 0.0000656, it has a shot to break out of accumulation and skyrocket to 0.0002, which represents potential gains of over 325%.
“This one is looking fine. Found the resistance at [0.0001], while flipping the 100-day and 200-day moving averages as support. Next to that, if [0.0001] breaks, I’ll see [0.0002] as the next level [of resistance].
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Syda Productions
