A crypto analyst who gained a large following from fellow traders in 2020 says that one of the best-performing assets of the year appears to be gearing up for a second act.
Michaël van de Poppe tells his 88,000 Twitter followers that traders should be patient as Bitcoin continues to look for a local low.
He is looking for BTC to hold on to a critical point Zone Assistance in the range of $ 18,500 to $ 18,700.
“If momentum is shifting slightly down, there is no need to go excessively long. Chances are, being patient will pay off. “
If Bitcoin drops below this level, van de Poppe says $ 17,700 is the next area of support.
Once BTC hits a local low and the market recovers, the analyst sees the Ocean Protocol (OCEAN) as one of the best in the altcoin space. The big data blockchain project catapulted from a low of $ 0.02 this year to a high of $ 0.74 – an increase of 3,600%.
According to Van de Poppe, the coin has already approached a potential buy zone as the bitcoin correction brings the entire altcoin market with it.
“We get there. Still to the point since that rejection at 3900 sats. The price has dropped 50% at this point and offers huge opportunities in the near future. “
The strategist says Elrong (EGLD) is another altcoin that he is closely following. The project was designed to use sharding to conduct extremely fast and inexpensive transactions.
Elrond hit a low of $ 6.93 in 2020 in October and rebounded amid news of a partnership with the Deionized Finance (DeFi) liquidity aggregator Orion Protocol.
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