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HomeMarketsMarket AnalysisBig Setups for Cardano, Chainlink and Fast-Rising Ethereum Rival Are Now Forming:...

Big Setups for Cardano, Chainlink and Fast-Rising Ethereum Rival Are Now Forming: Top Crypto Analyst



Daily Hodl Staff

Widely followed crypto analyst Michaƫl van de Poppe says traders bullish on Cardano (ADA), Chainlink (LINK) and Near Protocol may be seeing prime opportunities soon.

The analyst tells his 589,000 Twitter followers that Cardano may have further to fall as it knocks hard on a big support level.

Van de Poppe says that he expects ADA to drop over 18% from current prices before it sees a macro reversal.

ā€œADA

Overall, the level of support on $ADA is currently at $0.80.

Honestly, I think weā€™ll lose that level and get a drop towards $0.65 region (daily order block) before we can reverse, as the liquidity is taken then too.ā€

Source: Michaƫl van de Poppe/Twitter

Looking at Chainlink, the analyst says the marketā€™s top oracle network is approaching heavily discounted levels, optimal for long-term LINK bulls. Van de Poppe says that a further 40% drop for Chainlink is in the cards and that a break of the $15 mark will be the turning point bulls need.

ā€œLINK

Two things.

1. This one is getting into optimal investment areas.
2. The region around $8-9 is probably best. Not sure whether weā€™ll be hitting, but that seems likely.

If reclaim $15 happens -> party time.ā€

Image
Source: Michaƫl van de Poppe/Twitter

Van de Poppe has also got his eye on developer-focused NEAR Protocol. He maps out a possible price trajectory that sees NEAR bounce off the $10, finding support, and then igniting a bull run.

ā€œNEAR

This one is interesting around $10.

Still marked that level down for a potential setup.ā€

Image
Source: Michaƫl van de Poppe/Twitter

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Featured Image: Shutterstock/ProStockStudio/Natalia





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