Crypto strategist and trader Michaël van de Poppe says he’s expecting rallies for Chainlink and Tezos as he plots his bottom targets for Cardano and VeChain.
In a strategy session, Van de Poppe tells his 132,000 YouTube subscribers that decentralized oracle network Chainlink (LINK) is mirroring its price action late last year when the coin corrected before igniting a huge rally to its all-time high above $50.
“At this stage, I’m assuming we are getting close toward that as well. What is the area that we’re looking at for support? Area around $22, area around $20, readying toward here, making a higher low, continuation, another retest and then we can start continuing.”
According to Van de Poppe, he expects Chainlink to rise as high as $48, representing a potential upside of over 77% from its current value of $27.
Another coin on the trader’s list is smart contracts platform Tezos. According to Van de Poppe, Tezos looks bullish against Bitcoin (XTZ/BTC) and is poised to hit his target at 0.0002 BTC, worth $9.57.
“XTZ might be ready for 0.0002 BTC.”
As for Cardano, Van de Poppe says the Ethereum competitor will likely carve a bottom at support around 0.000046 BTC ($2.20) before resuming its bull trend and rallying to his target at 0.000065 BTC ($3.11).
“So far, so good for Cardano.”
Looking at supply chain management platform VeChain (VET), Van de Poppe believes that the coin has already found a bottom at $0.90.
“VET is most likely bottomed.”Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
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