Closely followed crypto strategist and trader Michaël van de Poppe is highlighting the top five altcoins to watch in October.
In a new strategy session, Van de Poppe tells his 130,000 YouTube subscribers that he’s keeping an eye on decentralized oracle network Chainlink in its Bitcoin pair (LINK/BTC). According to Van de Poppe, LINK/BTC is now in an uptrend and is threatening to pull off a 40% surge from its current value of 0.00057 BTC, worth $25.22.
“So once we hold this higher low (0.000528 BTC or $23.36) and we start to crawl back up, this resistance is the one that we have to break (0.00066 BTC or $29.20)… Once we break through it, the first real target zone is the area around 0.0008 BTC ($35.39).”
Next up is Curve, the governance token of decentralized exchange Curve Finance (CRV). Van de Poppe predicts that the CRV/BTC pair is poised to print a 44% move from its trading price of 0.000059 BTC or $2.55.
“What we also do see is that Curve has been seeing this beautiful retest here (0.000049 BTC or $2.17), a beautiful structure in which we’re most likely going to see continuation toward the resistance here (0.000085 BTC or $3.76)”
Another coin on the trader’s list is elastic blockchain network SKALE. The crypto trader predicts that SKALE is ready for a run-up against Bitcoin (SKL/BTC) in the coming month.
“We are ready for another run toward the high here (0.00001 BTC or $0.44), which is likely going to take place in October.”
The Graph, a platform that indexes and organizes blockchain data, is also on the trader’s list. According to Van de Poppe, The Graph is one resistance away from igniting a 100% surge against Bitcoin (GRT/BTC).
“[The] area to break is the area around 0.0000185 BTC ($0.82). If that one breaks, the entire structure breaks, and we most likely are going to print a new higher high around the area of 0.00003 BTC ($1.33).”
Finally, Van de Poppe says he’s keeping an eye on decentralized exchange protocol THORChain against Bitcoin (RUNE/BTC). Van de Poppe expects RUNE/BTC to consolidate before launching a 100% rise from its current price of 0.00016 BTC, worth $7.04.
“I’m assuming that we’re going to grant ourselves some slight consolidation, grant ourselves a higher low and then we start continuing. Also, the trend has shifted here: higher high, higher lows. So if we continue to move, this higher high (0.00024 BTC or $10.62) has to be taken out. Then I’m going to look at targets around 0.00031 BTC ($13.72) to 0.00034 BTC ($15.04).”
IDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
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 loses 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/Tithi Luadthong/Dario Lo Presti