Crypto dealer Michaël van de Poppe tells his 643,500 Twitter followers that BTC is “trending down” after two harsh rejections.
“Nonetheless trending down.
– Harsh rejection at $16,800.
– Harsh rejection at $16,600.
Seems to be we’re testing the block round $16,400 once more for Bitcoin.
If that sweeps and reclaims, US must bounce up.
In any other case -> $16,200.”
BTC is buying and selling for $16,625 at time of writing.
Litecoin, Van de Poppe says the payments-focused crypto is approaching a value zone that may be excellent for potential lengthy trades.
“Litecoin obtained there sooner than I anticipated it to get there.
Lengthy areas approaching.”
Litecoin is presently going for $66.90.
The dealer additionally analyzes layer-1 blockchain Fantom, naming two essential value ranges for FTM.
“Let’s see whether or not pattern can swap on FTM.
Essential resistance to interrupt; $0.2025.
Essential assist to carry; $0.1990.”
FTM is presently valued at $0.202.
“Shared this one earlier right here, did make that bearish retest, however didn’t go as deep as I needed to get the fill.
Ran away, and probably will proceed working if markets stay secure.
FET is a robust one.”
Re-visiting FET, Van de Poppe says the AI-driven blockchain has lastly “hit the extent.”
“Finished deal, hit the extent and robust bounce up on FET.”
FET is buying and selling for $0.096 at time of writing.
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