So far, the strategist says Ontology (ONT) is following his script, which predicts the coin will eventually hit $ 1.07, which would double its value from when he recalled in June. At the time, the ONT was trading at $ 0.53.
$ HAVE #ONTOLOGY
Always follow the plan! pic.twitter.com/7CjcKTuYNf
– Crypto Michaël (@CryptoMichNL) July 31, 2020
Van de Poppe believes the Bitcoin bulls are in control after turning $ 10,900 resistance into support. According to the crypto strategist, the bullish signal indicates that Bitcoin is likely to climb to $ 11,500.
As for Ethereum, the analyst says he’s eager to buy the dip. If the bulls continue to rampage, he sees the second largest cryptocurrency soar to $ 405 in the near term. Otherwise, he predicts a drop to $ 280.
The trader is also bullish on the short-term XRP / BTC pair. He says that as long as he is above 2,100 satoshis, he will probably reach 2,500 satoshis this month.
Van de Poppe is also looking at three altcoins that he believes have great upside potential. He says if ZIL / BTC (Zilliqa) has been on a downtrend, he thinks he’s ripe to hit bottom which would provide the opportunity for a quick and easy trade.
The same is the case for EFP / BTC (VeChain). The cryptocurrency pair may also be on the verge of bottoming, but he admits that VET / BTC is still on a downtrend.
He’s also looking at LINK / BTC (ChainLink), which is currently in the middle of a deep retracement. He always waits for the crypto token to drop even further before placing long positions.
“It is even more likely that we will get this new test of the previous resistance [turned into] support, which is the 55000 [satoshis] level because this structure doesn’t seem like we’re going to have more upward momentum.
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Image en vedette: Shutterstock / MAX BLENDER 3D