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).”
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