{"id":20587,"date":"2022-06-21T20:23:25","date_gmt":"2022-06-21T20:23:25","guid":{"rendered":"http:\/\/egrowonline.com\/?p=20587"},"modified":"2022-06-21T20:23:25","modified_gmt":"2022-06-21T20:23:25","slug":"analyst-says-cardano-appears-ready-to-break-out-updates-outlook-on-chainlink-and-verasity","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=20587","title":{"rendered":"Analyst Says Cardano Appears Ready to Break Out, Updates Outlook on Chainlink and Verasity"},"content":{"rendered":"


\n<\/p>\n

\n

Widely followed crypto analyst Micha\u00ebl van de Poppe is eyeing three popular altcoins for potential entry points and price targets.<\/p>\n

The trader tells<\/a> his 612,700 Twitter followers that proof-of-stake blockchain Cardano faces an important test just above $0.50, which if passed could take ADA as high as $0.63.<\/p>\n

\u201cLooking solid and ready for a break if it can clear the $0.507 \u2013 $0.51 area.<\/em><\/p>\n

If I\u2019d want to long, a harsh rejection here and test around $0.46 would be something.<\/em><\/p>\n

Otherwise flip $0.51 is $0.535 \/ $0.59 \/ $0.63 next.\u201d<\/em><\/p>\n

\"Image\"
Source: Micha\u00ebl van de Poppe\/Twitter<\/a><\/figcaption><\/figure>\n

At time of writing, Cardano<\/a> is up a fraction and changing hands for $0.504.<\/p>\n

Next on the analyst\u2019s list is decentralized oracle network Chainlink (LINK). He says<\/a> if falling market prices indicate a higher low (HL), then he\u2019ll look for a chance to enter on a long time frame.<\/p>\n

\u201cNot interested in a long on this one, until we flip gray and\/or $8.<\/em><\/p>\n

Overall, if the markets are correcting and seeking for a HL to be played, then I\u2019m going to look for green for a potential long entry and then play towards $8 and\/or $9.25.\u201d<\/em><\/p>\n

\"Image\"
Source: Micha\u00ebl van de Poppe\/Twitter<\/a><\/figcaption><\/figure>\n

Chainlink<\/a> is in the green by 3.56% on the day with an asking price of $7.35.<\/p>\n

The last coin on the trader\u2019s radar<\/a> is next-generation video sharing protocol Verasity (VRA). Van de Poppe says he\u2019s keeping an eye out for a possible bullish divergence, a metric where a lower low appears on the price chart but then a corresponding indicator shows a higher low.<\/p>\n

\u201cHeavy correction as it\u2019s down more than 90%.<\/em><\/p>\n

Higher time-frame support zone, through which a bullish divergence might be popping up here.<\/em><\/p>\n

This could indicate that we\u2019re having some short-term reversal.<\/em><\/p>\n

Target: $0.01.\u201d<\/em><\/p>\n

\"Image\"
Source: Micha\u00ebl van de Poppe\/Twitter<\/a><\/figcaption><\/figure>\n

Verasity<\/a> is currently up 2% and trading for $0.0058. VRA was worth more than $0.08 last November but has steadily declined ever since.<\/p>\n

Check Price Action<\/a><\/span><\/em>
\n
\nDon’t Miss a Beat \u2013 Subscribe<\/a> to get crypto email alerts delivered directly to your inbox <\/span><\/em>
\n
\nFollow us on Twitter<\/a>, Facebook<\/a> and Telegram<\/a><\/span><\/em>
\n
\nSurf The Daily Hodl Mix<\/a><\/span><\/em>
\n<\/p>\n

\n

&nbsp
\nCheck Latest News Headlines<\/span><\/a><\/p>\n

\u00a0
\n<\/p>\n

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n

Featured Image: Shutterstock\/VVadi4ka\/Sol Invictus<\/em><\/span><\/p>\n<\/p><\/div>\n


\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Widely followed crypto analyst Micha\u00ebl van de Poppe is eyeing three popular altcoins for potential entry points and price targets. The trader tells his 612,700 Twitter followers that proof-of-stake blockchain Cardano faces an important test just above $0.50, which if passed could take ADA as high as $0.63. \u201cLooking solid and ready for a break […]<\/p>\n","protected":false},"author":1,"featured_media":20588,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[42],"tags":[646,6247,439,266,681,469,379,468,9194],"class_list":["post-20587","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-analyst","tag-appears","tag-break","tag-cardano","tag-chainlink","tag-outlook","tag-ready","tag-updates","tag-verasity"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/06\/ada-ready-updates.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/20587","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20587"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/20587\/revisions"}],"predecessor-version":[{"id":20589,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/20587\/revisions\/20589"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/20588"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20587"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}