dailyhodl.com
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.