Van de Poppe Projects The Next Moves For BTC, ETH, XRP, EGLD And VET
A leading crypto strategist and trader, Michaël van de Poppe, is looking into five crypto assets and gives his projection what’s next as the markets is making a recovery move.
Bitcoin (BTC)
Van de Poppe shared with his 557K Twitter followers that Bitcoin (BTC) could move up to $46,000 levels, if it can hold the $42,000 support level move beyond it.
“If the area around $42K holds, I’m assuming we’ll start looking upwards.
Above $43K we might accelerate towards $46K as there’s not much in between for Bitcoin.”
If the area around $42K holds, I'm assuming we'll start looking upwards.
Above $43K we might accelerate towards $46K as there's not much in between for #Bitcoin.
At the time of writing, Bitcoin is trading at $42,509 with 3.3% loss on the 24-hour chart.
Ethereum (ETH)
Van de Poppe next turns his focus on decentralized network Ethereum (ETH), which recently broke a month-long slow downtrend. The analyst identifies two key levels to see where price of the leading smart contract platform could be moving next.
“Good bounce from Ethereum.
Levels I’m watching are $3,350 and $3,600 to break for further bullish perspectives.”
At the time of writing ETH is trading at $3,240 down 4% on the 24-hour window.
XRP (XRP)
The crypto analyst is also looking into distributed ledger XRP, which was last price over a dollar on December 23rd. Over the past seven days XRP has been moving sideways $0.70 and $0.80. Van de Poppe points out that XRP is trading in the same range as it did right before a breakout in August last year.
“Not the worst spot to be looking at XRP, to be honest.”
At the time of writing XRP is trading $0.77 down 4.3% on the daily chart.
Elrond (EGLD)
Next up on the trader’s list is the enterprise-grade scalable blockchain platform Elrond (EGLD). Looking at EGLD against BTC the analyst identifies the 0.004217 to 0.004834 range, where last November and December it launch over 2x rally.
At the time of writing, EGLD is trading at $196, with 8% loss on the 24-hour chart.
VeChain (VET)
Last digital asset on Van de Poppe’s list is the supply chain management project VeChain (VET) against BTC. The current VeChain chart looks very similar to its past price action, and VET could rally after further consolidation within the range of support, says the analyst.
“For VET, this one is still showing movements which are comparable to the price action we’ve seen in 2020-2021.
Didn’t break through a crucial resistance.
Some more consolidation until a new impulse move can start.”
For $VET, this one is still showing movements which are comparable to the price action we've seen in 2020-2021.
