Analyst Predicts Prolonged Upswings Amid Short-Term Corrections for Altcoins

Coin Edition
Coin Edition

20 Nov 2023 2:23 PM

Michaël van de Poppe shared that altcoins are experiencing short-term corrections while still in an upward trend. Read more on CE....

  • Analyst Michaël van de Poppe recommends considering entry points during corrections of 30-50% in altcoins.
  • Altcoins are experiencing short-term corrections within their overall upward trends.
  • Van de Poppe compares Ethereum's price action with Chainlink and Arbitrum.
  • Corrections of multiple days back to higher timeframe support zones serve as entry points.
  • Van de Poppe believes that current altcoin projects could provide returns of 5-10x or more.
  • Corrections are normal during the first upward runs of a bull cycle.
  • Chainlink is at the start of the first upward wave of the cycle, with a recent rally lasting less than five weeks.
  • Arbitrum is currently resting on support and providing a corrective move.

The sentiment of the article is generally positive, as the analyst believes in the potential for altcoins to continue their upward trends and recommends entry points during corrections.

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You May Ask

What entry points does the analyst recommend during corrections in altcoins?How does the analyst compare Ethereum's price action with Chainlink and Arbitrum?What returns does the analyst believe current altcoin projects could provide?What is the analyst's view on corrections during the first upward runs of a bull cycle?How does the analyst describe the recent rally and potential of Chainlink?

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