A well-liked crypto strategist and dealer is mapping out what’s subsequent for Ethereum challenger Fantom (FTM), Polygon (MATIC) and three different altcoins.
Michaël van de Poppe tells his 555,100 Twitter followers that Fantom, a extremely scalable blockchain for enterprises, is at present buying and selling at a key assist degree in opposition to Bitcoin (FTM/BTC).
“Very simple, it’s seen a big run. Based on that, the first area to look for spot longs is the one we’ve bounced from. Looking very decent.”
Currently, the FTM/BTC pair is buying and selling at 0.000053 BTC ($2.23), which is hovering simply above Van de Poppe’s entry level at 0.00005 BTC ($2.11).
Another coin on the dealer’s radar is blockchain scaling answer Polygon. According to Van de Poppe, MATIC nonetheless appears to be like bullish regardless of its current correction because it continues to print greater highs and greater lows.
“The green zone is a crucial zone to hold. If it breaks above $2.15-$2.20, I’m assuming another bullish run can happen.”
Next up is blockchain gaming platform Enjin Coin (ENJ), which Van de Poppe says is closing in on two robust assist ranges after its sharp correction from the all-time excessive of $4.84.
“Two massive areas of support where I’d personally want to be seeking for longs.”
ENJ is at present exchanging palms at $2.23. According to Van de Poppe’s chart, the 2 factors of curiosity are $2.20 and $1.90.
WOO, the utility token of decentralized fintech startup and pool buying and selling platform Woo Network, can be on Van de Poppe’s checklist. According to the crypto analyst, WOO is threatening to take out a large resistance and rally in opposition to Bitcoin (WOO/BTC).
“This one is building up for a big breakout. Constantly testing the resistance, while creating higher lows. Another break = bullish continuation.”
The final coin is excessive throughput blockchain Zilliqa (ZIL). According to Van de Poppe, Zilliqa has managed to take out its rapid resistance in opposition to Bitcoin (ZIL/BTC) and now appears to be like poised to print a bullish greater low construction at 0.0000014 BTC ($0.05).
“This one has made a breakout upwards, identical to altcoins in December have been an important purchase (bear in mind ATOM and LINK?).
On an space of assist proper now, could be a great spot.”
At time of writing, the ZIL/BTC pair is buying and selling at 0.00000142 BTC ($0.06).
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