Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolio

Investors Should Look At Cardano And Quant For Long Trades

Published 10/16/2022, 05:17 AM
Updated 10/16/2022, 05:30 AM
Investors Should Look At Cardano And Quant For Long Trades
USDT/USD
-
ADA/USD
-

  • ADA has hit a crucial level where everything started in 2021.
  • Van de Poppe believes LINK is showing signs of strength.
  • QNT saw a decent 6% increase in price over the last 24 hours.

The well-known crypto trader, Michael van de Poppe took to Twitter on October 14 to elaborate a bit more on Cardano (ADA), Chainlink (LINK), and Quant (QNT), and what he expects from these cryptos.

Cardano / Tether US 3D (Source: Binance)

With regards to ADA, van de Poppe explains that the altcoin has hit a crucial level where everything started in 2021. The trader continued by stating that investors should be ready as now could be the perfect time for long trades.

ADA is currently trading at $0.3676 after a 0.20% increase in price over the last 24 hours. Despite the altcoin being in the green for the day, ADA is still down more than 12% over the last week.

Chainlink / Tether US 1D (Source: Binance)

Van de Poppe also took a look at LINK, and according to him, the crypto is showing signs of strength with consistent higher lows. In addition to this, if the crypto is able to break past $7.40, we could see LINK reach a price of up to $11.

LINK is currently worth about $7.05 after a 2.17% price increase over the last day. The crypto is, however, still down more than 6% over the last seven days.

QNT / Tether US 1D (Source: Binance)

The last crypto mentioned by van de Pope was QNT. He believes that there is a lot of strength in QNT, and believes that there is a lot of potential for long positions once the crypto flips $172 into a support.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

QNT saw a decent 6% increase in price over the last 24 hours, according to CoinMarketCap. In addition to this, the altcoin is up more than 17% over the last week which is a major feat when compared to most of the crypto in the market.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

The post Investors Should Look At Cardano And Quant For Long Trades appeared first on Coin Edition.

See original on CoinEdition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.