Popular cryptocurrency strategist Mikael van de Poppe has named two altcoins he believes should be on a trader’s watchlist.
A widely-followed analyst has 623,200 Twitter followers on the smart contract platform EOS (Ios) has seen a strong pushback recently, but his radar is still on blockchain scaling solution Polygon (matic) and Binance Utility Tokens BNB.
“Obviously, EOS is one of the strongest performers of recent times.
I think I will focus on MATIC [and] BNB on trends, honestly. BNB is making a very strong move and the BTC pair continues to move.
These will likely take off the moment DXY shows a weakness. ”
DXY is an index that tracks the value of the US dollar against a basket of other fiat currencies. According to Van de Poppe, DXY looks bullish as long as he stays above 108 points.
“Now that the fakes are out, all eyes are on the dollar about to break below 108 again. [assets] Increased pain. ”
At the time of writing, DXY is trading at 108.74 points.
Looking at the TOTAL chart, which measures the collective market capitalization of all digital assets, Van de Poppe says his bullish claims remain unchanged despite the recent weakness in the cryptocurrency market.
“Total cryptocurrency market capitalization is still on an upward pace, hitting new lows. However, for confirmation, we may consider $90-925 billion. increase.”
As of this writing, TOTAL is over $1 trillion.
Regarding Bitcoin, Van de Poppe said: look Bitcoin In line with the bullish high-low scenario predicted by the TOTAL chart, we are taking one more corrective action.
“Although this is a serious correction in the market, cryptocurrencies are relatively stable.
At the time of writing, BTC is worth $21,366, flat on the day.
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