Van de Poppe tells his 643,000 Twitter followers that BNB, the utility token of crypto exchange Binance, has to take out its immediate resistance to ignite the next leg up.
Otherwise, the analyst says he’s waiting for BNB to pull back to support at $265.
“Two levels of interest for this one as well. Reclaim of the level at $295 would trigger continuation. Secondly, I’d be looking at a long around $265 if possible.”
At time of writing, BNB is switching hands for $290.53.
Looking at interoperability protocol Polkadot, Van de Poppe says DOT may be presenting an opportunity to long-term bulls.
“I’m not interested here for trades, but I’m definitely interested for my investment portfolio as current values are extremely low. I’ll be looking for trades if the low is swept and a reclaim is happening with a bullish divergence or $6 reclaim.”
At time of writing, DOT is valued at $5.29.
Another coin on the trader’s radar is Fetch.ai (FET), a platform that aims to bring together technologies such as machine learning, artificial intelligence and blockchain. The altcoin, which rallied by over 87% last week, is showing a ton of strength, according to Van de Poppe.
“I’m not interested here, but I’ve got a few regions of interest, which are: $0.0925 [and] $0.079.”
At time of writing, FET is trading at $0.09, down over 10% in the last 24 hours.
As for Bitcoin (BTC), Van de Poppe says that the king crypto is currently holding support at $17,000.
“Area is holding so far on Bitcoin.”
Looking at the analyst’s chart, he appears to be looking at $18,131 as a possible short-term target for BTC.
At time of writing, BTC is swapping hands for $17,181.Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
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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.
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