A well-known crypto strategist has recently mentioned a low-cap altcoin that he believes is gearing up for an upward trend.
Decentralize machine learning network
The important crypto trader Michaël van de Poppe thinks that Fetch.ai (FET), a decentralized machine learning network, could experience significant rallies if it surpasses its immediate resistance at $0.25.
Van de Poppe suggests that if FET can break through this resistance, it could potentially surge by more than 80%.
At present, FET is valued at $0.22. Van de Poppe suggests keeping an eye on this altcoin, as it may be on the verge of a major breakout.
The next cryptocurrency on the radar is XRP, a cross-border payments solution. According to Van de Poppe, XRP is currently trading within a wide range.
He plans to accumulate the altcoin if it drops to its range lows or if it retests its current resistance as support.
Van de Poppe’s strategy is simple: he will wait for a price sweep at $0.66 for swing longs or a clear reclaim at $0.825. At the moment, XRP is valued at $0.73.
Additionally, Van de Poppe is keeping an eye on XRP’s challenger, Stellar (XLM). He plans to accumulate long positions once XLM pulls back to its immediate support at around $0.14. Momentum is currently up and he believes it will stay that way for now.
At the moment, XLM is being traded at a price of $0.155. With regards to the Fantom (FTM) smart contract platform, Van de Poppe is considering two potential scenarios before becoming bullish on it as a competitor to Ethereum (ETH). Given the recent news, it’s a challenging decision.
However, if the markets take a further hit, it could present a good buying opportunity.
Van de Poppe is specifically looking at the possibility of buying at $0.19-$0.21 in the event of a sweep, and reclaiming $0.28 as another trigger to go long.
