Popular crypto strategist Michaël van de Poppe is naming two altcoins that he believes should be part of a trader’s watchlist.
The widely followed analyst tells his 623,200 Twitter followers that while smart contract platform EOS (EOS) has recently staged a strong rally, he’s still has his radar locked on blockchain scaling solution Polygon (MATIC) and Binance’s utility token BNB.
“Apparently, EOS is one of the strongest performers lately.
I think I’d focus on MATIC [and] BNB on trends, honestly. BNB is acting super strong and BTC pair keeps on running.
The moment that DXY shows weakness, these will most likely take off.”
DXY is an index tracks the value of the US dollar against a basket of other fiat currencies. According to Van de Poppe, the DXY looks bullish as long as it is above 108 points.
“All eyes are on the USD to break beneath 108 points again, as we’ve got a fake-out. Otherwise, trend contains and risk-on [assets] will have more pain.”
At time of writing, the DXY is...
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