Crypto: Bullish Continuations Imminent
#crypto #bullish
#ETHUSD
"A popular analyst is Bullish on the short-term prospects of 3 altcoins despite the negative sentiment surrounding the crypto markets"--Paul Ebeling
Crypto strategist Michaël van de Poppe tells his 614,500 Twitter followers that leading smart contract platform Ethereum (ETH) appears poised for a quick rally after recapturing a Key low timeframe support.
“Ethereum needs to break $1,100 and then we can target $1,250.”
At time of writing, Ethereum is swapping hands for $1,183.30, a 28% increase from its yearly low of $897.
Next up is Binance Coin (BNB), the utility token of crypto exchange Binance. According to Van de Poppe, BNB looks to be gearing up for a bullish continuation.
“Shared this one earlier, in which the crucial area to hold was the region around $215. Holding nicely for BNB, expecting continuation to $240 or $257 next.”
At time of writing, Binance Coin is trading at $231.71, up nearly 25% from its Y 2022 low of $186.
The last coin on Van de Poppe’s radar is Fantom (FTM), a smart contract platform designed for decentralized applications. According to the crypto strategist, he’s looking for FTM to reclaim a Key support area to sustain its Bullish momentum.
“This one needs to flip crucial level: FTM. Looks fine anyway, but flipping $0.26 would trigger bullish continuation to possibly new highs.”
Looking at Mr. Van de Poppe’s chart, a move above $0.26 could trigger a rally to $0.29 for FTM. At the of writing, Fantom is valued at $0.257, down over 3% in 24 hrs but up over 22% from this year’s low of $0.199.
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Have a prosperous day, Keep the Faith!
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