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Popular crypto analyst and trader Micha\u00ebl van de Poppe is laying out his predictions for four altcoins in the wake of an extended crypto market correction.<\/p>\n
In a new strategy session, Van de Poppe tells<\/a> his 165,000 YouTube subscribers that looking at past cycles can be a good barometer for what might be on the horizon.<\/p>\n The analyst starts by discussing the price history of decentralized oracle network Chainlink (LINK), noting,<\/p>\n \u201c[In the] previous cycle we\u2019ve had a big run previously and then a long-term accumulation before we started to run back down or before we started to have another rush into Chainlink.<\/em><\/p>\n Big run in 2019, Chainlink was one of the big gainers during that period. Big drawdown too, in which we retest this order block [between $1.50-$2.00] before we start to run again.<\/em><\/p>\n We did not really test this level [between $1.50-$2.00]\u2026 Yes, we did during the March 2020 crash, but we didn\u2019t really test this entire block which was obvious to retest and to actually get entries from. But as you can see in this example, we do not retest there.<\/em>\u201c<\/em><\/p>\n Van de Poppe says LINK is following a similar pattern now to how it was trading in March 2020.<\/p>\n Chainlink<\/a> is up more than 10% on the day and changing hands for $12.08.<\/p>\n Moving on to decentralized crypto exchange Uniswap (UNI), the chart guru notes that the altcoin has followed the trend of many altcoins during the past year of major price increases followed by a series of drops.<\/p>\n At time of writing, Uniswap<\/a> is rallying in a big way, up 16.26% and priced at $7.84.<\/p>\n Next up is the supply chain management blockchain VeChain (VET), which the trader notes has been on a good run lately.<\/p>\n \u201cVeChain is also having a good run\u2026 And if we\u2019re looking back from the previous run we\u2019ve also had this explosion and then a retest of the previous high and this entire block right. A retest of this block leading towards expansion and continuation, so if you\u2019re looking at the price action in itself the sideways accumulation a retest of the previous high took place here right so in this assumption it doesn\u2019t make sense to go beneath that actual previous high\u2026<\/em><\/p>\n I would definitely start accumulating already and the conclusion can be said that we are down 85% and we\u2019re getting into that interesting zone here [$0.03 to $0.04].\u201d<\/em><\/p>\n VeChain<\/a> is also surging, currently up 14.82% with a price tag of $0.053.<\/p>\n Van de Poppe concludes his altcoin deep dive with enterprise-grade blockchain platform Fantom (FTM), saying that investors looking for an entry point should note its periods involving consolidation or sideways accumulation.<\/p>\n Fantom<\/a> is in the green by 11.51% and valued at $0.84.<\/p>\n