Here Are the Top Altcoins To Watch Amid Bitcoin Breakout, Says Top Crypto Analyst Michaël van de Poppe
Prominent crypto trader and analyst Michaël van de Poppe is revealing the top five altcoins that are poised to print huge gains as Bitcoin registers a fresh all-time high.
In a new video, Van de Poppe tells his 40,200 YouTube subscribers to look for altcoins that are not getting a lot of attention on social media right now as these coins offer great entries from a risk/reward perspective.
At the top of the trader’s list is KAVA/BTC (Kava.io), which he says is currently in heavy accumulation mode with a potential to rise nearly 350% from its current value of 0.000098.
“I’m looking at KAVA, especially given the construction that we have. It flipped the 0.000065 zone [as support] and it is looking eager for some more compression before it starts to break out and then somewhere in the region (0.00044) I’ll just be taking profits.”
Van de Poppe is also keeping an eye on SXP/BTC (Swipe) as he believes the pair is building a new base just like KAVA. The crypto strategist adds that SXP/BTC is undervalued in this cycle as it is down nearly 90% from its all-time high of 0.00043.
The third coin on Van de Poppe’s list is Wanchain (WAN/BTC), which he highlights is down big from its all-time high of 0.001.
“It’s trying to flip some bullish levels, which means that I’d prefer to see 0.000013 hold, which grants you continuation towards the next levels of resistance. But still, the overall concept is that this one is not in FOMO (fear of missing out). Nobody is discussing the project.”
The fourth coin on the trader’s radar is DIA/BTC. The trader says the pair is going through the biggest accumulation period that he’s seeing right now.
“We do get a retest of the low (0.000042) and that is just fine. We do see volume increasing, which means accumulation is going on. Once we break above 0.000065, this one is going to rock as well.”
The last pair on Van de Poppe’s watchlist is LTC/BTC (Litecoin), which may be gearing up for a 266% run from its current price of 0.0036.
“I’ve been mentioning this one that it’s still in a downtrend. I want to see higher timeframe levels flip for support in order to become bullish on this one. So you want to see this green zone (0.0038) flip for support. If that happens, you’re going to see a bullish continuation towards this next region of resistance (0.005)… That could trigger such a big move towards these highs here (0.011).”
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/IM_VISUALS