Top Analyst van de Poppe: ADA, LINK And NEAR Are Forming Huge Setups
According to top crypto analyst Michaël van de Poppe, three crypto assets Cardano (ADA), Chainlink (LINK) and Near Protocol might present big opportunities soon.
Cardano (ADA)
Van de Poppe shared with his 589K followers on Twitter that ADA could see further downside it’s heavily testing a major support level.
The analyst expects ADA to drop further to $0.65 level before reversing.
“Overall, the level of support on $ADA is currently at $0.80.
Honestly, I think we’ll lose that level and get a drop towards $0.65 region (daily order block) before we can reverse, as the liquidity is taken then too.”
Overall, the level of support on $ADA is currently at $0.80.
Honestly, I think we'll lose that level and get a drop towards $0.65 region (daily order block) before we can reverse, as the liquidity is taken then too. pic.twitter.com/Tit8Fd4tKh
Regarding Chainlink, van de Poppe believes that LINK is nearing of being heavily discounted, which would present good buy opportunities for long-term LINK bulls. According to the analyst LINK could fall as low as $8 levels. Looking at the key level for a bull run, $15 mark will be the turning point, he says.
“Two things.
1. This one is getting into optimal investment areas. 2. The region around $8-9 is probably best. Not sure whether we’ll be hitting, but that seems likely.
1. This one is getting into optimal investment areas. 2. The region around $8-9 is probably best. Not sure whether we'll be hitting, but that seems likely.
The third crypto asset on Van de Poppe’s list is NEAR Protocol. The analyst draws a potential price trajectory, according to which NEAR would bounce at the $10, finding support, and then launching a rally.
“This one is interesting around $10.
Still marked that level down for a potential setup.”
