Van de Poppe Holds Altcoin Positions as Ether Faces $2,320 Resistance
Photo: TokenPost
Crypto trader Michaël van de Poppe said he is fully invested in altcoins and is waiting for Ether (ETH) to break above resistance. He views an Ether breakout as a possible signal for a broader move among smaller tokens, but gave no price target or time frame. A Nov. 6 chart setup placed the nearest resistance around $2,320, just above the 200-day moving average near $2,310. ETH was also below its 50-day average, around $2,400, after falling about 18% over the previous month. Momentum indicators showed mixed conditions.
Source: TokenPost
