Popular crypto analyst and trader Michaël van de Poppe is plotting Ethereum’s (ETH) price path to $20,000 while also predicting rallies for Chainlink (LINK) and four other altcoins.
The crypto strategist tells his 424,200 Twitter followers that he sees Ethereum following its 2017 bull market trajectory.
[adinserter block="1"]“Beautiful comparison between ETH 2017 and ETH 2021. Had a similar structure in 2017, where it broke south with a correction of 50%. Now, the same price action takes place, with a correction of 35%. The path to $15,000-20,000 per ETH is still open.”
The crypto analyst is also bullish on decentralized oracle network Chainlink against Bitcoin (LINK/BTC). Van de Poppe sees LINK rallying to resistance at 0.0007 BTC, worth $29.42, and representing a 27% move from its current value of 0.00055 BTC ($23.11).
“Chainlink: the most undervalued coin in the top 20. I’m still bullish on this one and oracles.”
The next coin on the trader’s radar is Elrond (EGLD), a blockchain platform designed to power distributed apps, enterprise use cases, and crypto transactions. According to Van de Poppe, Elrond is poised for a strong rally against Bitcoin (EGLD/BTC) to his target of 0.008 BTC, worth $336.25.
“This one is always one of the earliest runners. Earlier this year, February, it ran as one of the first coins too. Beautiful [support/resistance] flip. I think we hold that level and have another run to [0.008 BTC].”
Next up is payments infrastructure platform COTI (COTI), which Van de Poppe says must stay above support at $0.48 or $0.41 to have a shot at igniting a surge of over 100%.
“Flip of either of those two levels and continuation towards $1 is likely.”
Another coin on the trader’s radar is Harmony (ONE), a blockchain focused on powering a decentralized economy. According to Van de Poppe, Harmony is gearing up for a 90% rally in its Bitcoin pair (ONE/BTC) from its current value of 0.00000368 BTC ($0.15).
“Massive [support/resistance] flip and bounce from this one here. That’s great! Looking at continuation happening, through which we might see a bit more correction before 0.000007 BTC ($0.29) is next.”
The last coin on Van de Poppe’s list is decentralized machine-learning network Fetch.ai (FET). According to the crypto strategist, Fetch.ai looks bullish against Bitcoin (FET/BTC) after converting previous resistance at 0.000014 BTC ($0.59) into support.
“Probably ready for 0.00005 BTC ($2.10).”
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