Analyst Predicts Prolonged Upswings Amid Short-Term Corrections for Altcoins
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.