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The global crypto market cap has risen 2.89% over the last 24 hours following a substantial increase in buying activity. According to CoinMarketCap, the global crypto market cap stands at approximately $848.23 billion at press time.
Now that the majority of crypto prices have printed 24-hour gains, several analysts and traders are sharing their trading strategies and predictions for the crypto market. One such analyst is Michael van de Poppe (@CryptoMichNL), who shared his trading strategy for Fantom (FTM), Cosmos (ATOM) and Ethereum (ETH) in a tweet today.
The analyst stated that he would be shorting FTM if its price reached between $0.25-$0.26. Conversely, he will be looking to enter into a long position when FTM’s price reaches $0.23. In the tweet, Michael added that he will look to short ATOM if its price reaches the range $11.60-$12.00, and would enter into a long position if its price hits $10.5.
Lastly, the analyst will open a short position for ETH if its price reaches $1,330 and will enter into a long position for the altcoin leader if its price drops to $1,290.
Currently, FTM’s price stands at $0.2484. Therefore, the analyst’s long entry criteria for this trade would have triggered. Traders may want to keep an eye out for the FTM short opportunity that van de Poppe shared today.
Van de Poppe’s long entry for ATOM has paid off as the altcoin’s price currently stands at $11.29 at press time. Meanwhile, ETH is changing hands at $1,313.73, so the analyst will be looking to enter into a short trade soon.
Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.