Thursday, June 17, 2021

Top Trader Reveals One Signal That Will Push Ethereum (ETH) and Cardano (ADA) To Launch Huge Breakouts

Michaël van de Poppe, a top cryptocurrency trader and analyst, has stated that Ethereum (ETH) and Cardano (ADA) are waiting for one signal before launching magnificent price breakouts.

In a series of tweets on 8th June 2021, which was first reported by Daily Hodl, the trader told his teeming followers that despite the current situation in the crypto markets, other cryptocurrencies are still in a phase of consolidation against Bitcoin (BTC).

Read Also: Crypto Trader Aaron Arnold Reveals Why He Remains Bullish On Cardano (ADA) in this Bull Cycle

According to the well-followed analyst, once Bitcoin (BTC) finds its bottom, Ethereum (ETH) and Cardano (ADA) will breakout for new yearly highs.

Michaël van de Poppe tweeted, “Still, altcoins against BTC are doing fine. Just consolidating. ETH and ADA are knocking on the doors of the yearly highs and are eager to breakthrough. I think they will once Bitcoin is bottomed.”

Read Also: Popular Crypto Trader Is Favoring ETH Purchase over BTC, As He Predicts Ethereum Chain Split

According to Michaël van de Poppe, ADA/BTC is targeting a new yearly high around 0.000062, which would represent a potential gains of relatively 35% from its current price of 0.000046.

“Cardano doesn’t care and is ready for new yearly highs on the Bitcoin pair.”

The trader also has his eyes glued on another altcoin that has been showing signs of life all along.

Read Also: Crypto Michael Lists Cardano (ADA), Polkadot (DOT), and Six Other Altcoins with Bullish Potential

In a tweet, Van de Poppe said Tezos is finding support on crucial moving averages against Bitcoin as it prepares for the next bull run.

“Tezos holds the 100-day and 200-day MAs here, which looks like we’re going to have a continuation of the bull cycle.”

Read Also: CoinShares: Institutional Investors Are Increasingly Buying Cardano (ADA) and Two Other Crypto

The trader also pointed out that sentiment is drastically reducing in the crypto markets, stressing that this could be a bullish signal:

“The sentiment is getting back to the funeral state. Lovely! Let’s see how this sentiment is going to be in a month from now.”


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Tobi Loba
Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.

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