A widely followed crypto strategist has updated his forecasts for several digital assets amid uncertain market conditions.
Analyst Michaël van de Poppe, smart contract platform Cardano(ADA) explained what it takes to long the altcoin while continuing to trade above the key support level:
“The final area to buy is the region between $0.30-$0.375. But are we going to see it’s the closest player to winning and people are saving up? In this case, breaking the downtrend is your long position trigger.”
Van de Poppe popular cryptocurrency It tracks Avalanche (AVAX) over the Bitcoin trading pair (AVAX/BTC). Van de Poppe wants this trading pair to trade above 0.00092 BTC ($17.91) to have a chance to rally towards its target.
“If we want to see a continuation in the markets here, I would like to see AVAX held at 0.00092 BTC, preferably to create a higher low. If that happens, we will most likely trigger longs and move quickly towards 0.001 BTC ($19.46).
Another cryptocurrency that the analyst is following is Cosmos (ATOM). Van de Poppe states that ATOM is showing “a ton of strength” and needs to ignite the altcoin’s next rally. waiting.
“Long position at $13 and should be activated now. I would like to see preferably $13.85 protected as support based on the lower time frame. After that, I assume we will go above $16 and tops.”
Koinfinans.com As we reported, the last cryptocurrency on the investor’s list is Litecoin (LTC). The analyst evaluates Litecoin over the Bitcoin trading pair (LTC/BTC). According to Van de Poppe, LTC/BTC will likely start a new rally as long as it trades above 0.00266 BTC ($51.77).
“If BTC stays calm in the coming days, we could likely see a continuation towards 0.0034 BTC ($66.18) with the activation of longs.”
You can follow the current price action 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.