A widely followed crypto trader thinks Ethereum (ETH) and Cosmos (ATOM) could resume their uptrend while highlighting potential reversal points for Cardano (ADA) in a new video.
Crypto market trader Michaël van de Poppe tells his 134,000 YouTube subscribers that he wants to see Ethereum find support at 0.0058 BTC ($3,267) before pushing higher.
“If we are going to get a bottom on the altcoins at this point, you clearly want to get a rejection around this area (0.058 BTC), come back down, reject, and consolidate, and then we continue. It could go upwards again, but usually, we’ll see a bullish divergence apply in that structure too.”
Looking at the scalable and interoperable ecosystem Cosmos, the trader thinks a break above 0.0007 BTC ($39.43)