Top crypto trader and market analyst Michaël van de Poppe has updated followers on his top altcoin picks for the coming weeks.
According to a recent YouTube video, Van de Poppe told followers to pay attention for altcoins not currently being hyped by social media and other crypto trading circles. Van de Poppe said the lesser-known altcoins provided a more lucrative entry point for savvy investors, increasing their risk-to-reward ratio.
Van de Poppe highlighted KAVA, a project he said was currently in an accumulation phase with the potential to quadruple in value in the next breakout.
He said:
I’m looking at KAVA, especially given the construction that we have. It flipped the 0.000065 zone [as support] and it is looking eager for some more compression before it starts to break out and then somewhere in the region (0.00044) I’ll just be taking profits.
Poppe was also bullish on Swipe (SXP) and said the trading pair against bitcoin was building a similar base to KAVA. The trader called SXP undervalued at its current price, noting it was down 90% from the last all-time high. Van de Poppe also told followers to take a look at Wanchain (WAN), another coin that was trading well below its previous ATH.
The veteran trader predicted litecoin could see a similar boost during the next rally, noting LTC was still in a downtrend for now.
He said:
I’ve been mentioning this one that it’s still in a downtrend. I want to see higher timeframe levels flip for support in order to become bullish on this one. So you want to see this green zone (0.0038) flip for support.
Van de Poppe rounded out his top five altcoins with DIA, saying the charts were pointing to a massive accumulation phase for the crypto-asset.
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The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
