Popular crypto analyst Michaël van de Poppe said as crypto markets continue to correct; He says Cardano (ADA), Chainlink (LINK) and three other altcoins offer very attractive risk-reward ratios.
Cardano (ADA)
In a new strategy session, Michaël van de Poppe reached 165,000 YouTube subscribers. Cardano (ADA) He said that the interest is somewhere around the $0.70 level and has the potential to reach its target above $1.00.
“We’re currently in a block of interest to hold here, so we’re looking for a situation where we’ve finally bottomed out (where we’re experiencing movement above $1.00). If that doesn’t happen, I’ll be looking at the next level at around $0.38, if you want to enter Cardano to trade or invest, these two levels need to be taken care of.”
Chainlink (LINK)
decentralized oracle network chainlink’Van de Poppe, who also reviewed i, says LINK is currently in a position to provide potentially positive returns to long-term investors.
“I would like to include Chainlink in my portfolio and do it here. [gerileyebileceği] If you start with the thesis “I want to start saving up to $7”, you’ll get it on average for $9, with an all-time high of $52. In this case, if the downside risk is about 30 percent to 50 percent, the upside potential is at least 500 percent. I always think it’s an advantage that the project is basically still going well.”
Curve (CRV)
The crypto trader also runs a stablecoin-focused decentralized exchange (DEX). Curve Financewhich is the management token of CRVHe’s watching too. According to Van de Poppe, CRV needs to hold the current support level at $1.93 to create enough bullish momentum for a strong breakout.
“[1,93 doların] As long as we stay above it looks like we will continue to move and if another higher low occurs here around $2.20, we will most likely break the $3.00 level and then expect a test at $3.50. What follows is a scenario where we are potentially willing to break these highs ($6.00) here.”
Scale (SCALE)
Next up is a blockchain network that allows developers to create and deploy decentralized chains that are fully compatible with Ethereum. SCALE (SKL) exists. Van de Poppe said SKL has the ability to potentially spark a 5x rally if the bulls manage to recover a key price area.
“If we enter this region of $0.10 to $0.13, the investment thesis starts to form here as we have a chance to start a run again, we will reach these peaks ($0.30) and will most likely hit this level ($0.40) in the future. ) and focus on a fresh run at $0.60. If you look at this, the final thesis and final look can get you a 400 percent run.”
VeChain (VET)
The latest altcoin on the crypto strategist’s radar, the supply chain management protocol VeChainis (VET). Van de Poppe said he predicts VET has formed a bottom below $0.039.
“We can see we’ve had fixes all the way here, but now we’re making lower lows with a lower weight, which could mean we’ve completed this fix in this region. If we experience any of these scenarios, the next trade will almost certainly take us to $0.15 or $0.12.”
You can check the price movements here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.