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Analyst Michaël van de Poppe Explains How Ethereum and Cosmos can Retrace To Go Up Again

Michaël van de Poppe is a popular crypto trader and analyst. Notably, He believes Ethereum (ETH) and Cosmos (ATOM) can see their uptrend soon. However, Poppe goes on to way there may be a retracement points before these bullish predictions.

More so, Michaël van de Poppe tells his 134,000 YouTube subscribers his predictions. Additionally, Poppe says that he wants to see Ethereum get support at 0.0058 BTC ($3,267). Which of course, before its starts going further up.

“If we are going to get a bottom on the altcoins at this point, you clearly want to get a…”
“rejection around this area (0.058 BTC), come back down, reject, and consolidate,…”
“and then we continue. It could go upwards again, but usually,…”
“we’ll see a bullish divergence apply in that structure too.”

Furthermore, the scalable and interoperable ecosystem Cosmos is showing potentials. So, Poppe thinks breaking above 0.0007 BTC ($39.43) will produce a bullish energy. However, he will not be in surprise if ATOM drops lower before taking the uptrend run.

“Levels that I am watching with ATOM: anything in these ranges (0.0007 BTC),…”
“that is where we should be breaking through. So if we get a bounce like this and Bitcoin…”
Poppe highlights,
“is going to accelerate again, I’m not surprised if we get a correction even further to anywhere…”
“around 0.00043 BTC ($24.22) to 0.00047 BTC ($26.48), before we actually start a new bull cycle.”

Concerning Cardano, Van de Poppe says the proof-of-stake blockchain will move lower to find a stronger level of support.

“Cardano against Bitcoin [ADA/BTC], we’ve also marked a few [support] levels, got there,..”
“no real strong bounce yet. So we clearly want to get more confirmation going on…”
Poppe adds,
“the markets before we’re going to have some serious momentum once again.”

Notably, Poppe’s considering 0.00003 BTC ($1.69) as his next zone of interest.

“Got there for Cardano. Personally, I’m more…”
“interested around the 3000 [satoshis] ($1.69) zone.”

Poppe concludes.

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