Popular crypto strategist Michaelël van de Poppe plans to consider Ethereum competitors Cardano (ADA), Phantom (FTM), and Harmony (ONE).
Crypto analysts and traders told their 564,600 Twitter followers that smart contract platform Cardano needs to recover key levels to ignite a 25% rally.
“This caused a fake breakout above $1.50. Unloading back towards the range. If you want to retest the $1.50 area, first consider using $1.20 and a retracement.”
At the time of writing, Cardano is exchanging hands for $1.04.
Next up is Fantom, a highly scalable blockchain platform for decentralized finance (DeFi), decentralized applications (DApps), and enterprise applications. In a deal with Bitcoin (BTC), Van de Poppe will hold the support of the FTM/BTC pair at 0.00005 BTC ($1.81) and remove the resistance at 0.000068 BTC ($2.48) to start the breakout rally. Say you need.
“The important area to hold to avoid nukes was the 6800sat area. We didn’t really hold the nukes towards support and strong bounce from that area. 5100-5400 sits (0.00005 BTC – support between 0.000054 BTC), resistance at 6800 (0.000068 BTC) sits .if it breaks->new impulse wave.”
As of this writing, the FTM/BTC pair is trading at 0.00006 BTC or $2.17.
The latest coin for Trader Radar is Harmony, a blockchain focused on promoting a decentralized economy. According to Van de Poppe, Harmony may have positioned itself as a bounce against Bitcoin (ONE/BTC) after respecting the support at 0.000005 BTC or $0.18.
“If you want to enter 1, This might be the area you’ve been looking for. “
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