Closely followed crypto strategist and trader Michaël van de Poppe is unveiling his latest price predictions for Shiba Inu (SHIB), Terra (LUNA) and three other altcoins.
Van de Poppe tells his 486,300 Twitter followers that dog-theme meme coin Shiba Inu remains on a downtrend as it continues to print lower highs and lower lows.
“If Bitcoin isn’t going to show strength, I won’t be surprised to see some retests at $0.000043 taking place or even $0.000035.”
Next up is decentralized finance (DeFi) payment network Terra, which Van de Poppe says is forming a bearish rising wedge structure on decreasing volume.
“The crucial level to hold is $43-$44 and otherwise, we’ll drop towards $26-$28 on this one, depending on Bitcoin. If it breaks upwards, the next target is $60-$63 based on Fibonacci [extension].”
Another coin on the trader’s list is blockchain gaming platform Enjin Coin (ENJ). According to Van de Poppe, he’s looking at $2.67 and $2.05 as potential levels of interest.
Van de Poppe is also keeping a close watch on hybrid blockchain Kadena (KDA), which he says has made a “giant move.” According to the crypto strategist, he’s waiting for KDA to carve a bottom at $21.22 or $15.72.
“Giving some points of interest in the chart here where I’d personally be seeking for entries.”
The last coin on the trader’s list is high-throughput blockchain Zilliqa. According to Van de Poppe, Zilliqa must take out its immediate resistance against Bitcoin (ZIL/BTC) around 0.000002 BTC ($0.12) to ignite an epic rally.
“I’m heavily interested in the green zone here as I think that could give 300-700% returns in the next impulse move.”
Check Price Action
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
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.
Featured Image: Shutterstock/Art Furnace/karnoff/Vladimir Sazonov
Credit: Source link
