Full-time cryptocurrency trader and analyst Michaël van de Poppe says a blockchain platform for businesses will skyrocket within a month.
So far, the strategist says Ontology (ONT) is following his script, which predicts that the coin will eventually rise to $ 1.07, which would effectively double its value when it was first recalled in June. At this point, ONT was trading at $ 0.53.
Still follow the plan! pic.twitter.com/7CjcKTuYNf
– Crypto Michaël (@CryptoMichNL) July 31, 2020
Van de Poppe believes Bitcoin bulls are in control after turning the $ 10,900 resistance into support. According to the crypto strategist, the bullish signal indicates that Bitcoin is expected to rise to $ 11,500.
Regarding Ethereum, the analyst says he desperately wants to buy the dip. If bulls continue to rage, he will see the second largest cryptocurrency ascending short term up to $ 405. Otherwise, he predicts a drop to $ 280.
The trader is also short-term optimistic about the XRP / BTC pair. He says As long as it is over 2,100 satoshis, there will likely be 2,500 satoshis this month.
Van de Poppe also looks at three altcoins, which he believes have a lot of upside potential. He says While in a downtrend, the ZIL / BTC pair (Zilliqa) believes it is ripe to bottom out, which would offer the opportunity for quick and easy trading.
This also applies to VET / BTC (VeChain). The crypto pair may also be nearing a low, but admits that VET / BTC is still in a downtrend.
He also deals with LINK / BTC (ChainLink), which is currently in a deep retracement. He is still waiting for the crypto token to drop even more before placing long positions.
"It is even more likely that we will turn this re-test of the previous support, which is the 55,000 level (Satoshis), as this structure does not appear to give us further impetus."
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should conduct their due diligence before making risky investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk and that any losses are your responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Selected image: Shutterstock / MAX BLENDER 3D