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Investors Should Look At Cardano And Quant For Long Trades

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.

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.

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Source: Cryptocurrency - investing.com

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