Here are the 5 best altcoins to watch this month, according to crypto analyst Michaël van de Poppe

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Crypto strategist and popular trader Michaël van de Poppe names the five altcoins to watch for the month of November.

In a new strategy session, Van de Poppe tells his 139,000 YouTube subscribers that he is monitoring the price evolution of the Polkadot interoperable blockchain.

According to the crypto trader, Polkadot is in an uptrend against Bitcoin (DOT / BTC) as the pair continues to display higher highs and lows on the daily chart.

“The assumption is made that as long as we stay above this 0.00056 BTC ($ 33.83) area, I think we’re going to have a continuation where we could return that high (0.00085 BTC or $ 51.34) and we set a new high. “

Using the Fibonacci Extension Tool, Van de Poppe reports that the target for the next DOT / BTC peak is around 0.001 BTC, worth $ 60.40.

Then, Cosmos, a project which seeks to become “the internet of blockchains”. The crypto strategist highlights three potential entry points for Cosmos in his Bitcoin (ATOM / BTC) pair.

“You can start picking up between 0.00056 BTC and 0.00058 BTC ($ 33.83 – $ 35.03). If it’s up to me, 0.00052 BTC ($ 31.41) is next and finally, around 0.00045 BTC ($ 27.18).

Another coin on the trader’s radar is Curve (CRV), the governance token of the stable decentralized exchange focused on Curve Finance coins. According to Van de Poppe, Curve trades in a wide range between 0.000036 BTC and 0.000086 BTC ($ 2.17 and $ 5.19) for almost a year.

However, the crypto-trader says that a breakout of the range will trigger a massive rally towards its target at 0.00022 BTC, worth $ 13.29.

The fourth coin on the list is the decentralized Oracle Chainlink network, in which Van de Poppe says he is still interested even though it has suffered a deep correction against Bitcoin (LINK / BTC).

“Considering the strong correction that Chainlink has made again over the course of this year and has yet to show too much strength and that DeFi (decentralized finance) is likely to wake up, this is going to offer a huge opportunity.”

The latest altcoin is The Graph, a platform that indexes and organizes blockchain data. Van de Poppe says The Graph could dig a bottom against Bitcoin (GRT / BTC) if it holds immediate support at 0.000013 BTC, valued at $ 0.79.

“We’re looking for a lower higher here, and if that happens, this whole trend reversal is going to happen.”

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Featured Image: Shutterstock / Tithi Luadthong

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