Renowned crypto analyst and trader Michaël van de Poppe describes five altcoin projects he expects to perform well as the digital asset market prepares for a new phase of its bull cycle. we too cryptocoin.com We have compiled Michaël van de Poppe’s posts for our readers.
ATOM and LINK are at the top of the analyst’s list
The analyst says he’s been closely following Cosmos (ATOM), a project dubbed the “internet of blockchains,” to 144,000 YouTube subscribers in a recent strategy session. Michaël Van de Poppe states that he is looking at a wide range where the Cosmos and Bitcoin pair (ATOM/BTC) can bottom:
The entire region we have here (0.00045 BTC-0.00037 BTC i.e. $29.19-$24 range) is definitely what I’m looking for for a potential entry point in the coming period.
The second altcoin on Michaël Van de Poppe’s radar is the decentralized oracle network Chainlink (LINK). According to the crypto analyst, Chainlink is still in a downtrend against Bitcoin (LINK/BTC), but he expects the pair to start a rally early next year:
Before we move on, we may be concluding that we have come to the end of this correction period when we might want to break this and change some levels. Moving averages also come into play at this stage. This results in this side move. But once we flip the moving averages, it’s definitely something I want to buy.
Other altcoin projects ready for a bull run: CRV, AAVE and VET
Next up is CRV, the governance token of the stablecoin-focused decentralized exchange (DEX) Curve Finance. The analyst says the Curve is showing some strength against Bitcoin (BTC/CRV), but the pair must hold resistance at 0.0001 BTC ($6.49) for the uptrend to continue.
Fourth on Michaël Van de Poppe’s list is lending and borrowing protocol Aave (AAVE). The crypto strategist says AAVE/BTC is one resistance away from starting a major rally:
If we break it (0.005690 BTC at $367.89), I expect momentum towards the highs here ($646.56 at 0.01 BTC), most likely on the other side of the range. We’ve seen this happen before.
The last altcoin the analyst is looking at is the supply chain management blockchain VeChain (VET). Michaël Van de Poppe says that VeChain is still in a downtrend against Bitcoin (VET/BTC), but could see support at 0.0000015 BTC ($0.09) for a possible trend reversal:
We’re seeing lower highs here, we’re seeing lower lows, and we’d like to see a retest happen at these lower bounds. You want to retest here, in this region, before doing any expansion, but it’s definitely a nice region with these cycles before we start expanding into a new cycle.
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