Well-known crypto analyst Michaël van de Poppe says he’s buying three coins as he prepares for an upcoming off-season.
In a new strategy session, the trader expects “dinosaur coins” or cryptos, which have not moved much for a long time, to reach new heights against Bitcoin.
The first crypto asset that Van de Poppe names is Stellar Lumens versus Bitcoin (XLM / BTC), which the trader has been knocking on the door of a decisive resistance for months.
“So the next test shown this resistor will most likely push XLM through the resistance that will begin a new bull cycle.”
Should XLM / BTC break the resistance of 1,200 Satoshis (0.000012), Van de Poppe lists 1,500 Satoshis (0.000015), 1,850 Satoshis (0.0000185) and 2,200 Satoshis (0.000022) as price levels for profit achieve.
The second coin the analyst has on his radar is the decentralized financial oracle DIA, which, according to Van de Poppe, is also preparing for a bull rally against Bitcoin (DIA / BTC). He says DIA / BTC is targeting 1,700 (0.000017) and 2,300 (0.000023) Satoshis, which is a potential gain of over 68% from the current value of 718 Satoshis (0.00000718).
In US dollars, Van de Poppe is aiming for a 122% rally for DIA in the coming weeks.
“Assuming this is over $ 3.60, DIA is $ 8.00 next, but I think there’s a lot more to it.”
The third coin on Van de Poppe’s buy list is SXP, the native good of Crypto and Fiat Wallet Swipe. According to the trader, SXP / BTC has flipped its previous resistance of 6,000 satoshis (0.00006) in support and is preparing to pull up a tear.
“So this is still there in the Bitcoin pair while the USDT is floating around new all-time highs, which is no longer really relevant for price analysis as it is quite difficult to analyze something that is in the pricing process.” Therefore, your focus should be on the Bitcoin pair …
This area of 6,000 sats is an important line to hold on to. As the graph shows, we currently hold this level for support and I think we will have big, massive moves on Swipe. “
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Featured image: Shutterstock / Cobalt88