Analyst Says Ethereum, Polkadot and Four Additional Crypto Assets Are Top Altcoin Picks for Accumulation
A popular analyst says he has his radar locked on a number of altcoins that are high on his list for accumulation including Ethereum (ETH) and Polkadot (DOT).
Crypto strategist Michaël van de Poppe tells his 624,700 Twitter followers that he believes the crypto markets are giving long-term bulls the opportunity to accumulate digital assets at deeply discounted prices.
In addition to leading smart contract platform Ethereum and interoperability chain Polkadot, Van de Poppe says he’s currently accumulating Cosmos (ATOM), an ecosystem of blockchains designed to scale and communicate with each other.
The crypto strategist also says he has his eye fixed on SKALE (SKL), a blockchain network that aims to allow developers to create and provide decentralized chains that are completely compatible with Ethereum, as well as Mina Protocol (MINA), a project designed to speed up the blockchain identification process.
Still,
This period is a period where you can accumulate your investments nicely.
Remember, $VRA did a 200x for me, and some more coins have been a gainer.
I’m putting it on;
– $ETH
– $ATOM
– $DOT
– $SKL
– $MINA
– $CCDAnd some more.
What about you?
— Michaël van de Poppe (@CryptoMichNL) September 2, 2022
Looking closer at Ethereum, Van de Poppe forecasts in a new strategy session that ETH must hold its immediate support to possibly ignite a rally to his target above $2,000.
“Clearly, you want to see it test around $1,450 to $1,475. If that holds, we can continue. You want to see a crack of $1,685.”
Looking at Van de Poppe’s chart, the analyst predicts a potential Ethereum rally to $2,225. At time of writing, ETH is swapping hands for $1,556.
As for Bitcoin (BTC), Van de Poppe says the king crypto is currently trading within a narrow range in the lower timeframe between $19,000 to $20,600.
“You technically want to see it hold above this area here ($19,800)… If we do lose $19,800 to $20,000, probably we’re going to sweep the lows here ($18,900). And then question will become whether we get a very high volume candle liquidity grab and then reverse immediately and then we can go to the other side of the range ($20,600).”
Should BTC surge to $20,600, Van de Poppe predicts a breakout rally to $22,000.
At time of writing, BTC is valued at $19,866.
I
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