A much-followed crypto strategist thinks Ethereum (ETH) competitor Fantom (FTM) is poised for a major move up.
Analyst Michaël van de Poppe tells his 659,600 Twitter followers that Fantom looks bullish as long as it trades above $0.30.
According to Van de Poppe, FTM’s fireworks are likely to begin when it clears its immediate resistance at $0.33.
“This one looks ready for continuation upwards. Many stops on shorts are ready to be taken, so holding above $0.30 could lead to a continuation to $0.40.
At the time of writing, FTM is trading at USD 0.304.
The next step is the decentralized machine learning network Fetch.ai (FET). Van de Poppe says he is waiting for FET to clear its resistance at $0.25 before collecting the altcoin. Otherwise, it will try to enter FET at lower levels.
“Flipping and breaking $0.25 is crucial and then I’m interested for a long time to the highs.
Otherwise, the trend will continue and then I’ll be looking at $0.14 or getting back $0.17.”
At the time of writing, FET is trading at USD 0.23.
Another altcoin on the trader’s list is the Ethereum scaling solution Arbitrum (ARB). According to Van de Poppe, ARB is likely to enter bullish territory if it breaks above $1.30.
“This is super simple.
If we break $1.30, your long should be ARB.
At the time of writing, ARB is worth $1.13.
The latest coin on the analyst’s radar is the video-sharing blockchain Verasity (VRA). Van de Poppe says VRA needs to break the $0.0058 resistance to spark significant gains.
“This one seems poised for upward momentum. Must break $0.0058 and then $0.01 is on the line.
At the time of writing, VRA is trading at USD 0.0052.
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Image generated: Midway through the journey