Popular crypto strategist and trader Michaël van de Poppe calls out five altcoins to watch this November.
More so, he’s watching the price action of interoperable blockchain Polkadot.
Furthermore, Michaël notes that Polkadot is in an uptrend against Bitcoin (DOT/BTC). Of course, it’s as the pair continues to showing highs and higher lows on the daily chart.
“The assumption is made that as long as we stay above this area of 0.00056 BTC ($33.83),..”
“I think that we’re going to have continuation happening in which we might flip…”
“this high (0.00085 BTC or $51.34) and create ourselves a new high.”
More so, Michaël explains using the Fibonacci extension tool, how the target for the next DOT/BTC spike is around 0.001 BTC, worth $60.40.
Secondly, is Cosmos, a project that looks at becoming the “internet of blockchains.”
Additionally, Michaël names three potential entry points for Cosmos in its Bitcoin pair (ATOM/BTC).
“You can start scooping in between 0.00056 BTC to 0.00058 BTC ($33.83 -$35.03)…”
“If it depends on me, 0.00052 BTC ($31.41) is…”
“the next one and then finally, around 0.00045 BTC ($27.18).”
Thirdly, Michaël calls out Curve (CRV), the governance token of stablecoin-focused decentralized exchange Curve Finance.
More so, Michaël notes that Curve is trading within a wide range between 0.000036 BTC and 0.000086 BTC ($2.17 and $5.19) for almost a year.
So, Michaël states that a breakout from the range will result in a massive rally to his target at 0.00022 BTC, worth $13.29.
Fourthly, He mentions the decentralized oracle network Chainlink. Then, Michaël states his interest, despite going through deep correction against Bitcoin (LINK/BTC).
“Given the heavy correction that Chainlink has still been making during this year and has not…”
“been showing too much strength yet and DeFi (decentralized finance)…”
“is probably going to wake up, this is going to grant a massive opportunity.”
Then, Michaël adds.
Then, lastly is the Graph, a platform that indexes and organizes blockchain data.
Notably, Michaël says The Graph could carve a bottom against Bitcoin (GRT/BTC), as long as it holds immediate support at 0.000013 BTC, worth $0.79.
“We’re seeking for a higher low here, and if that…”
“take place, this entire trend reversal is going to happen.”
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