ben_walther

ben_walther

Binance Coin has been one of the strongest performers in recent months. It reached a new ATH and is only moderately down compared to many other altcoins. More importantly, the long-term chart looks appealing. BNB has formed a symmetric triangle on the daily chart. The lower (long-term) trend line serves as strong support, while the upper trend line of the...

ben_walther

Certainly, MANA is among the top 10 worst-performing tokens. While having reached a top of almost $6 during the last bull run, it has now reached the lowest level since 2021: 26 cents! Even worse, MANA is struggling to hold above the most essential support line, sitting at 0.24. Breaking this level in 2021 was the start of a massive run. I know that many people...

ben_walther

RUNE has been trading in a falling wedge pattern since April. The wedge is a chart pattern formed by converging downward-sloping trendlines. What's so interesting about a falling wedge? It is considered a strong bullish sign 💪 This might sound strange if you look at the chart and see a constant downtrend. However, breaking out of this pattern to the top...

ben_walther

TON's current (1D) chart is a perfect example of support and resistance areas. On Wednesday, TON was rejected at the ~7 USD resistance. The token corrected and is likely to revisit the support level at 6.15. This happened twice already. If the market continues to be bearish and the level at 6.15 won't hold, 4.8 - 5 USD will be the next stop. Conversely,...

ben_walther

FET has experienced massive bearish pressure since it dropped below its consolidation area in June. As a result, the token has dropped 60% in two months. Based on the current chart pattern, the downturn isn't over yet. Contrary, we could see another vast drop soon. FET currently trades in a bear flag. A break out to the bottom would likely send us to 0.50...

ben_walther

ADA's recent performance has been very weak. As a result, the token has constantly gotten closer to its bear market low. While ADA currently trades at a level slightly above 30 cents, the bear market's low is only 6 cents away. In addition, the ADA's long-term chart (1D) doesn't look very promising. On the contrary, the token has been trading in a descending...

ben_walther

When the market dropped yesterday, JASMY followed and broke below the 0.02 resistance. However, this was only temporary, and the price was returned above the important level. As mentioned yesterday, a close below 0.02 on a higher timeframe might have triggered more downside potential towards 0.016. Well, now we are back where we were: Trading in the triangle...

09:29

ben_walther

In this video, I discuss yesterday's market drop and why actually nothing happened. Moreover, I discuss the importance of waiting for confirmation when it comes to trading. On top of that, we take a close look at Bitcoin's essential levels and try to derive the potential next moves. Enjoy and let me know your thoughts in the comments!

ben_walther

At the beginning of August, PIXFI showed some signs of life and tried to break its downtrend. However, all attempts to reclaim the support level at 0.023 were unsuccessful. Conversely, PIXFI has continued its downhill rally and lost another 50% compared to the early August levels. Since its initial pump, PIXFI is down more than 90%. However, currently, there are...

ben_walther

Similar to a couple of other tokens, JASMY currently trades in a triangle pattern. However, in JASMY's case, the pattern looks rather bearish, with clear support at 0.002 and lower highs. Nevertheless, if the market continues to be bullish, JASMY should be able to invalidate the bearish pattern and break out to the top. In this case, I expect the price to enter...

ben_walther

BOME has been hyped massively lately. That's why I took a closer look at its chart and tried identifying possible trade setups. Here are the most essential aspects to know: - BOME has been in a constant downtrend (black line) since its listing. - Driven by last week's sell-off, BOME dipped below its major support level and dropped to 0.005 - However, buyers...

05:46

ben_walther

In this video, I dive into the current status of Ethereum and Bitcoin. I discuss why both tokens are approaching decisive levels. Moreover, I also highlight what might happen in case Ethereum and Bitcoin can't manage to stay above these level. Enjoy and let me know your thought!

ben_walther

Yesterday's CIP numbers gave the starting sign for a dip. Bitcoin dropped below 60k and Ethereum below 2.7k. As mentioned in several posts and explained in detail in yesterday's newsletter, this wasn't that notable. In terms of Bitcoin, the price action between 58k and 60k doesn't say anything. In terms of Ethereum, this accounts for the price action in the flag...

ben_walther

XRP's push after the recent news regarding the SEC settlement hasn't been sustainable. As many times previously, XRP was rejected at the long-term downtrend line. I am still convinced that once this downtrend breaks, XRP will pump massively. However, it doesn't look like XRP has enough strength to give it another try. Conversely, XRP is back in the channel where...

ben_walther

ONDO's chart looks quite interesting and is definitely worth watching at the moment. Based on the current support and resistance levels and trend lines, we could consider two possible trades. Trade Setup #1 ONDO's support at $0.7 is crucial and solid. If the market continues to be weak and ONDO revisits the support line, we can wait for a bounce and trade it....

ben_walther

Like Bitcoin, Ethereum started to pump once the CPI data was published but immediately reversed. However, the price is still almost exactly in the middle of the (bearish) ascending channel. The upper trend line is currently at 2.8k, which is equal to the resistance, while the lower trendline is at ~2.6k. As long as we don't see a decisive move above or below the...

ben_walther

CRV is currently trying to stay above the neckline of a head and shoulders pattern on the 1H chart. A break below the neckline will inevitably trigger downtrend momentum and send the price toward 0.25 (or lower). Especially if the broader market turns red during the next hours, CRV will be in massive danger. Therefore, watching the neckline and shorting once it...

12:20

ben_walther

In this video, I showcase my latest strategy which is available for free on TradingView. Actually my first strategy that utilizes the Hull Moving Average. The strategy combines the Stochastic Oscillator with HMA to capture momentum shifts while using optional filters like RSI, ADX, MFI, EMA, VWAP, and ATR to refine entries and exits. The early results are...