Leading cryptanalyst and trader Mikael van de Poppe identifies key levels for Ethereum (ETH), Cardano (ADA), Eos and Icon (ICX).
Van de Poppe tells his 337,000 Twitter followers that Ethereum’s best smart contract platform does a good job with day periods.
The asset finds support near the $ 2300-2400 level and is facing key resistance areas at $ 2900, $ 3275 and $ 3704, according to the trader’s chart.
Ethereum also relies on this support in the $ 2300 to $ 2400 range and looks great on a daily candle.
The market is not that bad. “
As for Cardano, a competitor to Ethereum, the asset looks like it wants to continue its upward movement, however, it should hold current support at around $ 1.50, the analyst warns.
“Cardano is also showing a sequel here, which is great. The most important area to be supported. “
According to Van de Poppe, Eos, another smart contract platform competing in this area, looks good against Bitcoin as it drops back to 0.000149 satoshi (sat).
“Well, EOS is returning to the critical area of support here. This appears to hold as the rally above the 100-day and 200-day moving averages could then continue.
Altcoin BTC pairs are still looking good. “
As of this writing, EOS is up more than 10% against the US dollar on the day, trading at around $ 5.39.
Icon’s blockchain intermediary network is on the verge of choosing between breaking or breaking its BTC (ICX / BTC) pair, says Van de Poppe.
The trader’s chart shows that the ICX runs through 0.000045 satoshi if it manages to break through resistance at 0.000034 and shows that the asset breaks out to 0.000018 if it cannot hold 0.00003.
“The icon looks like we want to see a gap between the two levels. Breakthrough upward – continuation to 4500 sat. Most likely, because the support is holding on again. “
As for the flagship cryptocurrency itself, Van de Poppe says that BTC is also facing a critical decision time, trying to confidently surpass $ 35,000.
“Bitcoin is attacking $ 34,000 again, so scenario 2 applies.
Due to this (depending on the coming days), a bullish divergence may appear here. This would generate fuel for the reversal. Critical breaker; 35,000 dollars “.
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