A widely followed crypto strategist thinks that Ethereum (ETH) competitor Fantom (FTM) is primed for a significant move to the upside.
Analyst Michaël van de Poppe tells his 659,600 Twitter followers that Fantom looks bullish as long as it is trading above $0.30.
According to Van de Poppe, FTM’s fireworks will likely begin when it takes out its immediate resistance at $0.33.
“This one looks primed for continuation upwards. Many stops on shorts are ready to be taken, through which holding above $0.30 can lead to a continuation towards $0.40.”
At time of writing, FTM is trading for $0.304.
Next up is the decentralized machine-learning network Fetch.ai (FET). Van de Poppe says he’s waiting for FET to take out its resistance at $0.25 before accumulating the altcoin. Otherwise, he’s looking to enter FET at lower levels.
“Flipping and breaking $0.25 is crucial and then I’m interested for longs towards the highs.
Otherwise, the trend continues and then I’m looking at $0.14 or reclaim $0.17.”
At time of writing, FET is trading for $0.23.
Another altcoin on the trader’s list is the Ethereum-scaling solution Arbitrum (ARB). According to Van de Poppe, ARB will likely enter bullish territory should it break above $1.30.
“This is super simple.
If we break $1.30, you need to be long ARB.”
At time of writing, ARB is worth $1.13.
The last coin on the analyst’s radar is the video-sharing blockchain Verasity (VRA). Van de Poppe says VRA must breach resistance at $0.0058 to ignite a significant surge.
“This one looks ready for upwards momentum. Needs to break $0.0058 and then $0.01 is on the cards.”
At time of writing, VRA is trading for $0.0052.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxCheck Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post Crypto Analyst Predicts Rallies for Ethereum Rival Fantom, Updates Outlook on Three Additional Altcoins appeared first on The Daily Hodl.
