A popular analyst is digging into the charts to update his price targets for a handful of leading crypto assets.
Michaël van de Poppe ທໍາອິດ ບອກວ່າ his 622,600 Twitter followers that he’s keeping a close eye on support levels for scalability and interoperability ecosystem Cosmos (ATOM), which recently gave up gains from the latest leg of an extended rally dating back to mid-June.
“At massive levels of support here, which is reasonable for long entries.
If this one is lost, I’m looking at $8 next.
Holding here = potential trigger towards $18-20 in the coming month.”
At time of writing, Cosmos is down 8.59% over the past 24 hours and priced at $10.83.
Moving on to crypto lending and borrowing protocol Aave (ກ້ອຢ), the crypto strategist ເວົ້າວ່າ that in light of the recent marketwide corrective, he sees the altcoin as a candidate for range trading with support at $80 and resistance at $103.
“This one is trending down as the entire market is correcting.
Fake-out above resistance and drop beneath $103 caused an acceleration of the correction.
Looking at $80-82 for support. Looking at $103 for crucial resistance. Range-bound plays.”
Aave has been sliding into the red all week, currently down nearly 15% on the day and trading for $84.31.
Also on Van de Poppe’s watchlist is enterprise-grade blockchain platform Elrond (ຫຸ້ນ EGLD), which has been steadily dropping since August 10th. The analyst is ຕັ້ງ two levels of support: one at $50 and then $44 if the first capitulates.
“An important level of support and confluence on multiple timeframes.
Gap has been filled, which was practically the last one. Arguments for a bottom around the markets could be there.
Resistance at $57. Break there = new highs. Support: $50 and $44.”
Elrond is down 8.79% and changing hands for $52.37. The altcoin was trading above $69 just a week ago.
Regarding cross-chain interoperability protocol Polkadot (DOT), the crypto analyst thinks that a rally to $8.40 is possible if $7.70 is recaptured. However, Van de Poppe ຂໍ້ຄວນລະວັງ about the potential for DOT to lose support at $7.
“Looking for a trigger on this one if we reclaim $7.70, as then a retest at $8.40 is likely.
Otherwise, the patience game happens, and you’ll have to see whether sub-$7 is a trigger for longs.”
Polkadot’s price mirrors the overall crypto market slump to end the week, with DOT currently in the red by nearly 12.5% and valued at $7.35.
Last on Van de Poppe’s radar is EOS (EOS), an open-source and decentralized platform whose smart contract capabilities make it a direct competitor to Ethereum (ETH).
In response to the altcoin’s mid-week rally in defiance of broader market trends which was soon followed by a sharp corrective move, the trader ແນະນໍາ his followers to not go running after coins that are already pumping.
"ເບິ່ງໂຄງສ້າງ, ທ່ານຄວນຮຽນຮູ້ບົດຮຽນຈາກການເຄື່ອນໄຫວທີ່ຜ່ານມາຂອງ EOS. ຫຼີກລ້ຽງການແລ່ນປມ!
ໃນກໍລະນີນີ້, ຂ້າພະເຈົ້າຈະເບິ່ງການຢືນຢັນຖ້າຫາກວ່າພວກເຮົາຫຼຸດລົງໄປ $1.18 ແລະຮຽກຮ້ອງຄືນ $1.30 ຫຼັງຈາກນັ້ນສໍາລັບການຍາວ. ເຊັ່ນດຽວກັນສໍາລັບການຍຶດຄືນພື້ນທີ່ $1.40.”
Back on Tuesday, EOS leaped by 27.9% from $1.29 to $1.65, but has since worked its way back down. At time of writing, EOS is down 16.24% and changing hands for $1.27.
ຢ່າພາດການຫຼິ້ນໃຫ້ເກີນແມ່ນ - ຈອງ ເພື່ອໃຫ້ໄດ້ຮັບການແຈ້ງເຕືອນອີເມວ crypto ທີ່ສົ່ງໂດຍກົງໃສ່ກ່ອງຈົດ ໝາຍ ຂອງທ່ານ
ການກວດສອບ ປະຕິບັດລາຄາ
ປະຕິບັດຕາມພວກເຮົາກ່ຽວກັບ Twitter, ເຟສບຸກ ແລະ ໂທລະເລກ
Surf ການປະສົມ Hodl ປະຈໍາວັນ
ການປະຕິເສດ: ຄວາມຄິດເຫັນທີ່ສະແດງຢູ່ The Daily Hodl ບໍ່ແມ່ນ ຄຳ ແນະ ນຳ ດ້ານການລົງທືນ. ນັກລົງທືນຄວນເຮັດຢ່າງດຸ ໝັ່ນ ເນື່ອງຈາກການລົງທືນທີ່ມີຄວາມສ່ຽງສູງໃນ Bitcoin, cryptocurrency ຫລືຊັບສິນດິຈິຕອນ. ກະລຸນາຮັບຊາບວ່າການໂອນຍ້າຍແລະການຄ້າຂອງທ່ານແມ່ນຢູ່ໃນຄວາມສ່ຽງຂອງທ່ານເອງ, ແລະການສູນເສຍໃດໆທີ່ທ່ານອາດຈະເກີດຂຶ້ນແມ່ນຄວາມຮັບຜິດຊອບຂອງທ່ານ. The Daily Hodl ບໍ່ໄດ້ແນະ ນຳ ໃຫ້ຊື້ຫຼືຂາຍຂອງຊັບສິນດິຈິຕອນໃດໆຫລືຊັບສິນດິຈິຕອລ, ຫລື Daily Hodl ເປັນທີ່ປຶກສາດ້ານການລົງທືນ. ກະລຸນາສັງເກດວ່າ The Daily Hodl ເຂົ້າຮ່ວມໃນການຕະຫຼາດເປັນພີ່ນ້ອງກັນ.
ຮູບພາບທີ່ສ້າງຂຶ້ນ: StableDiffusion
Source: https://dailyhodl.com/2022/08/20/crypto-analyst-michael-van-de-poppe-outlines-whats-next-for-cosmos-aave-elrond-and-two-ethereum-rivals/