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Crypto: Bullish Continuations Imminent

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#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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Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.