Popular crypto analyst Michal van de Poppe identifies the next levels for 6 cryptocurrencies, including Bitcoin, Chainlink and Binance Coin.
What’s next for Bitcoin, Chainlink and BNB Coin and 4 additional altcoins?
Twitter analyst with 622,300 Twitter followers remains bullish on BNB. But in his latest analysis, he said that a modest correction is expected for BNB in the near future:
I’m trying to determine if $295 can sustain support. If so, the next price I assume is $375 (and I doubt we’ll test it again).
BNB is currently trading at $307, down 2.15% from the last 24 hours.
Next is the decentralized oracle network Chainlink
According to the crypto expert, LINK will see a short correction before it rallies to its upside target of $12. The analyst interprets the technical chart he shared in the tweet below:
We expect $8 to hold as support and then $12 to be on the board for potential target.
LINK is currently trading at $8.15. It has lost more than 4% in value compared to the last 24 hours.
Altcoin analyst also closely follows Litecoin (LTC)
According to Van de Poppe, critical support needs to remain intact for LTC to continue its rise. The analyst sets the levels that LTC price will follow up to $95:
The trend is still higher, but $65 represents a significant hurdle. I want to see it hover above $58 and I’m looking for longs around $60. Without a doubt, we will continue to see growth to $75 and maybe $95 if that’s the amount.
LTC is currently trading at $60.49, down 1% from the last 24 hours.
Van de Poppe’s list also includes smart contract platform Harmony (ONE)
The veteran analyst says that Harmony is showing strength in the Bitcoin pair (ONE/BTC). On August 15, Twitter identified critical resistances against BTC for ONE price:
A clear support block should hold around 0.00000115 BTC ($0.027). If so, I predict another push towards $0.039 (0.00000165 BTC). Additionally, entries are in the range of $0.027-$0.030 (0.00000114–0.00000125 BTC).
The ONE/BTC pair is currently trading around 0.00000124 BTC, roughly $0.03.
CELR will continue to rise as long as the bulls hold this level
Celer Network (CELR), the scaling platform that provides secure off-chain transactions, is the sixth altcoin on the analyst’s radar. As long as the bulls remain in control of CELR’s closest support, Van de Poppe forecasts a 40% increase:
The trend is upwards because higher lows are constantly being made. If $0.0235-0.024 can act as support, then $0.034 might be within reach.
Van de Poppe also closely monitors the price action of the Reserve Rights (RSR) token. The crypto expert says it can be difficult to take a position in the RSR because a loss of support at $0.007 could result in a drop of more than 17%:
I’m playing support now, but if this loses, I’m not sure if I want to play $0.0065 or $0.00575. If the targets are clear and support holds, $0.01 is definitely possible.
Van de Poppe updates Bitcoin forecasts ahead of Fed minutes
cryptocoin.comAs you follow, FED minutes will be announced at 21:00 Turkish time. Van de Poppe says we will see strong volatility until the meeting:
Bitcoin has pushed liquidity above recent highs and is currently bottoming out liquidity. All eyes are on the FOMC minutes tonight and we’ll likely see more volatility. Currently at minimal support.
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