Popular crypto analyst and trader Michaël van de Poppe is plotting Ethereum’s (ETH) price path to $20,000 while also predicting rallies for Chainlink (LINK) and four other altcoins.
The crypto strategist tells his 424,200 Twitter followers that he sees Ethereum following its 2017 bull market trajectory.
“Beautiful comparison between ETH 2017 and ETH 2021. Had a similar structure in 2017, where it broke south with a correction of 50%. Now, the same price action takes place, with a correction of 35%. The path to $15,000-20,000 per ETH is still open.”
The crypto analyst is also bullish on decentralized oracle network Chainlink against Bitcoin (LINK/BTC). Van de Poppe sees LINK rallying to resistance at 0.0007 BTC, worth $29.42, and representing a 27% move from its current value of 0.00055 BTC ($23.11).
“Chainlink: the most undervalued coin in the top 20. I’m still bullish on this one and oracles.”
The next coin on the trader’s radar is Elrond (EGLD), a blockchain platform designed to power distributed apps, enterprise use cases, and crypto transactions. According to Van de Poppe, Elrond is poised for a strong rally against Bitcoin (EGLD/BTC) to his target of 0.008 BTC, worth $336.25.
“This one is always one of the earliest runners. Earlier this year, February, it ran as one of the first coins too. Beautiful [support/resistance] flip. I think we hold that level and have another run to [0.008 BTC].”
Next up is payments infrastructure platform COTI (COTI), which Van de Poppe says must stay above support at $0.48 or $0.41 to have a shot at igniting a surge of over 100%.
“Flip of either of those two levels and continuation towards $1 is likely.”
Another coin on the trader’s radar is Harmony (ONE), a blockchain focused on powering a decentralized economy. According to Van de Poppe, Harmony is gearing up for a 90% rally in its Bitcoin pair (ONE/BTC) from its current value of 0.00000368 BTC ($0.15).
“Massive [support/resistance] flip and bounce from this one here. That’s great! Looking at continuation happening, through which we might see a bit more correction before 0.000007 BTC ($0.29) is next.”
The last coin on Van de Poppe’s list is decentralized machine-learning network Fetch.ai (FET). According to the crypto strategist, Fetch.ai looks bullish against Bitcoin (FET/BTC) after converting previous resistance at 0.000014 BTC ($0.59) into support.
“Probably ready for 0.00005 BTC ($2.10).”
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The post Crypto Trader Michaël Van De Poppe Plots Ethereum Path to $20,000, Predicts Rallies for Chainlink and Four Altcoins appeared first on The Daily Hodl.
