Popular crypto analyst and trader Michaël van de Poppe maps the potential path for Shiba Inu (SHIB), THORChain (RUNE) and three other altcoins. we too cryptocoin.com We present the analyst’s roadmap to our readers.
Two possible scenarios for SHIB
The crypto analyst tells his 475,800 Twitter followers that he is looking at two possible trading scenarios for the Shiba Inu (SHIB) where the meme money could jump:
between these levels. Some nice S/R (support and resistance) spins have been shown and if you trade this daily you’ll get some big wins. It’s in between right now. Green retracement = potential trade. Red dial = potential trade. Very easy.
According to Michaël Van de Poppe’s chart, SHIB could take resistance at $0.0000062 to regain bullish momentum or retest support at $0.000043 for a possible bounce.
After Shiba Inu (SHIB) is THORChain (RUNE)
Next up is the decentralized exchange protocol THORChain (RUNE). According to the crypto strategist, he is looking at two possible setups for THORChain against Bitcoin (RUNE/BTC):
The aggressive approach is the top approach we’re going to reach support for right now.
Looking at Michaël Van de Poppe’s chart, RUNE/BTC could either bounce off at 0.0002 BTC ($13.51) or continue falling to 0.00015 BTC ($10.13) to create a local bottom.
“Zilliqa price action shows resistance”
Another cryptocurrency on the trader’s list is the high-yield Blockchain Zilliqa (ZIL). Michaël Van de Poppe says he expects Zilliqa to continue to consolidate against Bitcoin (ZIL/BTC) before breaking the sudden resistance and reaching its target above 0.00000257 BTC ($0.17):
At the moment we can see that the price action is showing resistance. It’s still about the same situation here. If that breaks and turns upside down, we might be moving on.
Others on the radar: Reserve Rights Token (RSR) and Dent (DENT)
The next coin on the analyst’s radar is the Reserve Rights Token (RSR), a cryptocurrency that facilitates the stabilization of the asset-backed stablecoin known as the Reserve Token. Michaël Van de Poppe says he sees Reserve Rights Token gain over 72% against Bitcoin (RSR/BTC) towards its target of 0.00000112 BTC ($0.07):
Looks like we’ll see more.
The latest cryptocurrency is the mobile data exchange Dent (DENT), which Michaël Van de Poppe says is poised to eliminate an important area of resistance. The analyst gives the following goal:
The chart looks poised to continue as multiple tests were conducted in the resistance zone. If $0.008 is broken, I expect another 40% increase.
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