Popular crypto strategist Michaël van de Poppe has revealed what awaits five altcoins, including smart contract platform Cardano (ADA), decentralized finance payment network Terra (LUNA), and STEPN (GMT).
The crypto analyst initially told his 607,500 Twitter followers that he expected Cardano to continue the rally as it removed its current resistance at $0.60. told.
“It is a very simple and plain painting.
If it goes down I’ll follow $0.48 and/or $0.52 for long positions.
On a trend change, I follow $0.60 for long positions, which will give a potential target of $0.77 on the next run.”
The next crypto is LUNA, which Van de Poppe says cannot sustain any bullish momentum.
“Actually, I can’t say much. It’s going down, so if $6 can’t be protected, I’d follow $4.50-$5 for scalping (which is to trade very frequently on very short timeframes using various techniques like technical analysis methods and try to make profits that way). Maybe even a short position can be opened without breaking.”
Another cryptocurrency on Trader’s list is GMT. According to Van de Poppe, GMT must surpass the critical resistance $1.02 to potentially start a 15% rally from current prices.
“A breakout of $1.02 and acceleration towards $1.15 looks likely.”
The fourth coin on Van de Poppe’s radar is The Graph (GRT). The crypto strategist predicts that the uptrend will continue on the way to his target at $0.19 for GRT.
“I look forward to the continuation of this place.”
The latest cryptocurrency is Origin Protocol (OGN), a platform that aims to create a decentralized sharing economy. According to Van de Poppe, OGN looks set to start a 17% increase to its target of $0.33.
“This has been showing momentum lately and has created some scalping setups. Right now, I’m personally looking at $0.275 for a long position.”
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.