Trader Michaël van de Poppe believes Ethereum (ETH) and Cosmos (ATOM) could continue their uptrends while highlighting potential turning points for Cardano (ADA) in a new video.

On Ethereum, he wants it to find support at 0.0058 BTC (3,267) before moving higher.

“If altcoins bottom out at this point, I want ETH to build support in that area (0.058 BTC), recover, reject and consolidate and then move on. It could ricochet again, but there is usually a bullish divergence in this structure. “

Source: Michael van de Poppe

Looking at Cosmos’ scalable and interactive ecosystem, the trader believes a break above 0.0007 BTC ($ 39.43) will confirm the upward momentum. But he wouldn’t be surprised if the ATOM went down before it went up.

“The levels I watch with ATOM: 0.0007 BTC range, that’s where I have to cross. So if it bounces off and Bitcoin picks up again, I wouldn’t be surprised if it corrected 0.00043 BTC ($ 24.22) to 0.00047 BTC ($ 26.48) before another bullish really starts. “

Source: Michael van de Poppe

As for Cardano, Van de Poppe expects the PoS blockchain to fall until it gains stronger support.

“ADA / BTC also has a few levels of support that are reached there, not yet really strong gains. So further market confirmations are required before an explosive dynamic emerges again. “

His next area of ​​interest is 0.0003 BTC ($ 1.69).

Source: Michael van de Poppe

Here you can see the coin prices.

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Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.

Annie

According to Dailyhodl

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