In a strategy session, Van de Poppe tells his 132,000 YouTube subscribers that decentralized oracle network Chainlink (LINK) is mirroring its price action late last year when the coin corrected before igniting a huge rally to its all-time high above $50.
According to Van de Poppe, he expects Chainlink to rise as high as $48, representing a potential upside of over 77% from its current value of $27.
“At this stage, I’m assuming we are getting close toward that as well. What is the area that we’re looking at for support? Area around $22, area around $20, readying toward here, making a higher low, continuation, another retest and then we can start continuing.”
Another coin on the trader’s list is smart contracts platform Tezos. According to Van de Poppe, Tezos looks bullish against Bitcoin (XTZ/BTC) and is poised to hit his target at 0.0002 BTC, worth $9.57.
“XTZ might be ready for 0.0002 BTC.”
Source: Van de Poppe/Twitter
As for Cardano, Van de Poppe says the Ethereum competitor will likely carve a bottom at support around 0.000046 BTC ($2.20) before resuming its bull trend and rallying to his target at 0.000065 BTC ($3.11).
Source: Van de Poppe/Twitter
“So far, so good for Cardano.”
Looking at supply chain management platform VeChain (VET), Van de Poppe believes that the coin has already found a bottom at $0.90.
“VET is most likely bottomed.”
Source: Van de Poppe/Twitter
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News Highlights Business
- Cryptocurrency trader Michaël van de Poppe predicts rallies for Chainlink and Tezos, describes lower targets for Cardano and VeChain
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