Popular crypto strategist and trader Michael van de Poppeshared his views on five altcoins to consider for November.
Speaking at strategy sessions he shared via YouTube, Van de Poppe said blockchain “interoperable” polkadot‘Fame (DOT) stated that he watches the price movement.
According to Van de Poppe, Polkadot is the diary. The chart continues to show “higher highs” and “higher lows” versus Bitcoin (DOT/BTC) is in an uptrend.
“0.00056 BTC($33.83), we can beat this level (0.00085 BTC or $51.34) and continue to create new highs for ourselves.”
Using the “Fibonacci extension tool,” Van de Poppe thinks that the target of the next DOT/BTC rise will be around 0.001 BTC worth $60.40.
Later, a project that aims to become the “internet of blockchains” Cosmos (ATOM) Talking about Van de Poppe. It highlights three potential entry points for Cosmos in the Bitcoin pair (ATOM/BTC).
“You can start entering between 0.00056 BTC and 0.00058 BTC ($33.83 – $35.03). If you couldn’t choose here, the next 0.00052 BTC ($31.41) and lastly 0.00045 BTC ($27.18) levels may also be quite satisfactory.”
Decentralized exchange focused on stablecoin Curve FinanceGovernance token of Curve‘NS (CRV), the analyst stated that Curve has been trading in a wide range between 0.000036 BTC and 0.000086 BTC ($2.17 and $5.19) for almost a year.
A breakout in this range could ignite a rally towards the target of 0.00022 BTC worth $13.29.
The fourth asset on the list is Van de Poppe’s Bitcoin (LINK/BTC), the decentralized oracle network that he says is still of interest despite going through a deep fix against Chainlink (LINK) it happened.
“chainlink still in the process of major rectification and the strength still hasn’t shown much. I think it will provide a great opportunity when we think DeFi will wake up and take into account its potential strength.”
The latest altcoin, a platform that indexes and organizes blockchain data The Graph it happened. Van de Poppe would like Bitcoin (if Graph has immediate support at $0.79 worth of 0.000013 BTC)GRT/BTC) said he could draw a counter-bottom.
“We are looking for a higher bottom here and if that happens, this whole trend reversal will happen.”
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.
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.