Trader Updates Outlook on Fantom, the Graph and AI Altcoin That’s Up 530% This Year – Here Are His Targets

A widely followed crypto analyst is updating his outlook on Fantom (FTM), The Graph (GRT) and Fetch.ai (FET).

In a new strategy session, Michaël van de Poppe tells his 163,000 YouTube subscribers that Ethereum (ETH) rival Fantom could dip as low as $0.33 only to bounce up 50%.

“$0.65 is a level that is based on higher timeframes. The previous low block here [at $0.51], which most likely is becoming resistance, which we have been seeing here as well. If you use the order block theory, you can easily understand that this block around $0.48 is going to be giving you a massive bounce at this point. And in this case, we most likely see it as well. The candle was doing well.

If we don’t get it, we are looking at $0.38 and we’re looking at $0.33, that entire region, for either swing entries or second, we’re just buying the bounce, in which we can generate a bounce of 50% again.”

Fantom is trading for $0.427 at time of writing.

Next, the trader says blockchain indexing protocol The Graph could rally up to $0.21 if it breaks through $0.17.

“We’ve had this big run taking place here. We can mark the levels again. We can mark the level here as the daily, which is $0.095, and a second, if we get there, $0.13. It’s the ultimate next trigger because $0.095 probably going to give you the best entry for the next swing trade, $0.13 most likely as well, but it at least generates a bounce of 50% to 80% for you…

If we have this trade trigger here at $0.17, most likely we’re going to get a breakthrough $0.185 and then we start targeting $0.20 to $0.21, which also gives you 25% to 35% trade.”

The Graph is worth $0.161 at time of writing.

Lastly, Van de Poppe says Fetch.ai’s massive run has likely run out of steam and could enter a correction down to a low of $0.20. Although, he says if FET remains strong, it could continue to rally up to $0.90. FET closed 2022 at $0.094 and rallied to a 2023 high of $0.59 on February 8th, a 527% increase.

“Fetch is one that has been going absolutely mental. We went from $0.06 towards $0.60, taking out all these highs. So it could be that with this structure taking out these highs here [$0.60], we probably are at the end stage of this run for Fetch. I think that if we continue rallying, we go towards $0.90. But we could also easily correct all the way back towards $0.20 to $0.30 and have a buy-the-dip season there.”

Fetch.ai is worth $0.41 at time of writing.

I

Check Latest News Headlines

 

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 Trader Updates Outlook on Fantom, the Graph and AI Altcoin That’s Up 530% This Year – Here Are His Targets appeared first on The Daily Hodl.