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A widely watched cryptocurrency analyst updates his outlook on Phantom (FTM), The Graph (GRT) and Fetch.ai (FET).
In a new strategy session, Michael van de Poppe To tell His 163,000 YouTube subscribers could jump 50% as Ethereum (ETH) rival Phantom plunges to $0.33.
“$0.65 is level based on higher timeframe. See previous low block here [at $0.51], which is likely becoming a resistance, and we see it here as well. Using order block theory, it is easy to see that this block around $0.48 will have a significant pullback at this point. And in this case, we are most likely to see it too. Candles were fine.
If you don’t get that, you’re looking at $0.38, and you’re looking at $0.33. You are simply buying bounces that can generate 50% more bounces on either swing entry or second across the region. again. ”
Fantom is trading at $0.427 at the time of writing.
Next, traders say that if blockchain index protocol The Graph breaks out of $0.17, it could rise to $0.21.
We made a big move here. We can mark the level again. Here we can mark the level as daily. $0.095 probably provides the best entry for the next swing trade and $0.13 is the most likely, so this is the eventual next trigger, but will generate at least 50% to 80% bounce…
If this trade trigger is at $0.17, it will most likely break through $0.185 and then start targeting $0.20 to $0.21, giving you a 25% to 35% trade. ”
This graph is worth $0.161 at the time of writing.
Finally, Van de Poppe said Fetch.ai’s large run has likely lost momentum and could drop to $0.20. However, if FET continues to perform well, it could continue to climb to $0.90, he said. The FET closed 2022 at $0.094 and on Feb. 8 it rose 527% to its 2023 high of $0.59.
“The fetch is completely mental. We’ve removed all these highs going from $0.06 to $0.60. So this structure could give us these highs here [$0.60], probably in the final stages of executing this Fetch. If the rally continues, we expect it to head towards $0.90. But from $0.20 he could easily correct towards $0.30 and have a buying season there. ”
Fetch.ai is worth $0.41 at the time of writing.
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