He says that while SXP/USD is trading at record highs, the SXP/BTC pair is still carving a bottom.
“Swipe is still lying on the ground in the Bitcoin value, so perhaps the USD value is accelerating definitely from here or already looking at new all-time highs. If you’re comparing those to the Bitcoin value, you can see that it’s still down 87% of the value currently, which means that there’s still lots of upwards room to gain. There are some critical resistance zones, but the more important part is that it’s just on the floor in general on the Bitcoin pair…
Given the fact that Swipe is testing the 6,500 satoshi level (0.000065) for the fourth time already, it’s likely or very likely that we’re going to make that break to the upside and run towards 10,000 satoshis (0.0001) .
Most likely we’ll see a sideways action, but if we are getting towards 10,000 satoshis and flip the previous 6,500 level for support, I’m assuming we’re starting to accelerate towards the second breaker. Once we get above 16,000 satoshis (0.00016), I’m assuming that we’re going to see anything towards this range again (0.0004).”
The second coin on Van de Poppe’s radar is Kyber Network (KNC/BTC), which he says is following the footsteps of Swipe against Bitcoin.
“We are facing resistance at this 5,400 satoshis level (0.000054) and we’re looking for some slight consolidation before continuation. As long as it stays above this area here, everything is fine. If we’re breaking the 5,400 level, we are looking at 8,300 (0.000083) as the next resistance zone and most likely to watch 11,500 (0.000115)…
“So 3,900 [satoshis] has to flip for Litecoin and at some point these other coins will start to make their moves right now: EOS, Litecoin, XLM, XRP, NEO, all those altcoins are still waiting for their momentum… I’m looking for that flip of 3,900 satoshis (0.000039) for Litecoin on the Bitcoin pair quite similar to all of those other projects as well.”
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