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Avalanche Rally Not Over Yet as One Large-Cap Coin Presents Massive Opportunity: Top Analyst
A popular crypto strategist is predicting rallies for Ethereum (ETHsaingan Avalanche (AVAX) while keeping a close watch on one large-cap digital asset.
Michaël van de Poppe tells his 620,800 Twitter followers that AVAX looks primed for a strong rally after taking out resistance at $26.
“Avalanche looks ready for continuation here:
Attacking the highs at $26 for the third time.
Breaking that resistance activates acceleration with all previous highs (shorts getting stopped).
50-day moving average holding as support.
Target:
$36
$42.”
At time of writing, AVAX is swapping hands for $28.14, up over 4% on the day.
The next altcoin on the trader’s list is decentralized oracle network Chainlink (LINK), which Van de Poppe ngandika is presenting a huge opportunity for long-term bulls.
“Chainlink approaches $8.
It looks a lot like accumulation on the BTC and USD pairs, and I still believe that it’s an opportunity of a lifetime.
One of the assets to accumulate for the next bull, while it’s down 85% from the previous all-time high.”
At time of writing, LINK is trading at $8.46, an over 8% surge in the past 24 hours.
Kanggo Bitcoin, Van de Poppe ngandika BTC still looks bullish but warns short-term traders that pullbacks are within the realm of possibility.
“Short corrections are possible, but trend is still up. Looking quite fine on the higher timeframes for Bitcoin. "
At time of writing, BTC is valued at $23,298, an increase of 1.20% in the past day.
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