BitRss.com latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources

Cardano and Chainlink Bulls Could Step In at These Crucial Levels: Analyst Michaël van de Poppe

Cardano and Chainlink Bulls Could Step In at These Crucial Levels: Analyst Michaël van de Poppe
Popular crypto strategist and trader Michaël van de Poppe is spotlighting the key levels of support for Cardano and Chainlink as Bitcoin struggles around $30,000.
In a new video, Van de Poppe tells his 108,000 YouTube subscribers that Cardano (ADA) is currently holding support above $1.00, but if that level is lost, the crypto analyst is looking at two levels where buyers could step in.
 
“If Cardano is going to lose this point ($1.00). I don’t believe we’re going to hit this one once again. I think we’re going to look at support around $0.70 and potentially around $0.82.”
Van de Poppe is also drawing a bullish scenario for Cardano should the Ethereum competitor manage to stay between the $1.00 and $1.15 range.
“On the upside, we’re still making lower highs. So in order to break that momentum, obviously, Cardano has to flip and break above $1.48. But if it does break or test $1.31, that is the first level. If it wants to become bullish, first test $1.31, preferably, only a minimum consolidation. 
If we reject at $1.31 again and come back down towards this green zone, you can see that we’re just tumbling over, and the chances that we’re going to test these levels around $0.70 to $0.90 are significantly increasing.”
Looking at Chainlink, Van de Poppe says the decentralized oracle network might be going through the final stages of its crash against Bitcoin (LINK/BTC). The crypto trader highlights that LINK/BTC is currently hovering around support of 0.00045 BTC or 45,000 satoshis, worth about $13.46 at time of writing. If the pair breaches its immediate support, he sees LINK/BTC dropping down to 0.0004 BTC or $11.96.
“What do you want to see right now with Chainlink? You want to see that it regains 49,000 sats ($14.65). If it does that, the chances are that we’re getting back towards this range high (57,000 sats or $17.04) here again, consolidate down towards 49,000 [satoshis] and then the new uptrend starts.”
Should Chainlink follow the script, Van de Poppe predicts that it can rally to 0.00075 BTC ($22.43), marking a potential increase of over 63% from its current price of 0.00046 BTC ($13.76).

I
Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter , Facebook and Telegram

Surf The Daily Hodl Mix
 

Check Latest News Headlines

.dh_responsive {
padding: 0px 20px 0px 20px;
}
@media (max-width: 980px) {
.dh_responsive {
padding: 0px;
}
}




googletag.cmd.push(function() { googletag.display('div-gpt-ad-1597129173244-0'); });



Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Everyonephoto Studio
The post Cardano and Chainlink Bulls Could Step In at These Crucial Levels: Analyst Michaël van de Poppe appeared first on The Daily Hodl .

BitRss.com shares this Contents always with License.

Thank you for Share!

   
Tumblr
LinkedIn
Reddit
VK

WhatsApp
Telegram

Cool to know huh? Read the full Article

Read the full Article:  ⭲ Cardano and Chainlink Bulls Could Step In at These Crucial Levels: Analyst Michaël van de Poppe


Search about Crypto News


BITRSS | CRYPTOCURRENCY WORLD NEWS

The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed BitRss.com simple and intuitive, usable by all Devices, fast and effective.


| LEARN MORE ABOUT |

Today Most Popular News