ben_walther

ben_walther

Fantom's daily chart is one of the most bearish at the moment. The token has been in a strong downtrend since March and is about to approach a decisive moment. Currently, Fantom struggles to hold above a major support level at 0.43. Moreover, the price reaches a corner build of the support level at the long-term downtrend. As a result, it is likely that we will...

ben_walther

I felt some excitement when Banana's support level at $58 was held twice, and the token bounced nicely. As mentioned in other posts, I've been waiting for a clear break of the next resistance at 65 to elaborate an entry. Unfortunately, the second bounce from the support level already delivered a lower high. Therefore, the chances of going lower increased. And...

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ben_walther

In this video, I take a look at the Fantom (FTM) chart and discuss the bearish scenario of a 20% drop. The analysis is based on trend line but especially on the Ichimoku trading system. In particular, I pay attention to a potential bearish cross of the Tenkan and Kijun lines that is about to happen below the Ichimoku cloud. Tune in and let me know your thoughts!

ben_walther

Bitcoin dropped ~6% after touching 70k on Monday. Unlike last week, the U.S. session dumped the price while the Asian and European sessions showed strength. However, yesterday's weak performance was also influenced by the Middle East news and Israel's rocket attack. Nevertheless, this news is usually quickly absorbed. Important Levels 📊 First, it is important...

ben_walther

I've been part of the crypto community for more than seven years. Ever since then, XRP holders have been calling for massive pumps and the craziest price targets. Many of them have sold their bags during the last few years and are disappointed about the performance. However, for the first time in years, the current chart builds an extraordinarily bullish setup....

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Since its launch on Bitget and a short-lived pump, Pixfi has dumped more than 70%. Every level that acted as some support was broken rather quickly. On Sunday, there was some glimmer of hope when the token pumped more than 30% in a few hours. However, the price reversed immediately. Afterward, Pixfi printed a bearish pattern, and it is back at its support...

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THETA trades in a long-term downtrend that was initiated in March 2024. Since then, the token has made several attempts to break out but has been rejected every time. In the last ten days, THETA has made four unsuccessful attempts (on the 4H chart). Currently, THETA is back at its support level of 1.47. A bounce from here would directly lead to another breakout...

ben_walther

What happened to the perfect start in the new week? Yesterday morning, we were about to rip the 70k, and 30 hours later, Bitcoin is about to break below a trend line. The trend line shows the uptrend Bitcoin initiated at the beginning of July. Certainly, this is not the most crucial trend line. However, a break and close below can certainly trigger more downside...

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LINK has been one of the stronger tokens in recent days. In fact, it recovered quickly from its drop below the crucial $13 level. However, LINK is still far away from turning bullish. One of the best indicators to show this is the Ichimoku system. When adding the Ichimoku to the chart, you can discover three aspects that need to change to turn...

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After Bitcoin was heavily rejected at the 70k level, it was sent back into the bull flag channel. Moreover, as mentioned yesterday in another post, there's a CME gap at 66k Bitcoin that needs to be touched before moving higher. Currently, Bitcoin trades at 66.6k. Overall, it is okay to have a rejection at the 70k level, although I would have preferred the price...

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Today, Theta is up more than 6% and is about to challenge its long-term downtrend resistance again. A break and confirmation opens the space for a 20% run. Since Thursday last week, Theta has been up almost 15% and trades right below the major downtrend resistance. This downtrend has been valid for five months and represents a major hurdle. Since April, Theta...

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So far, JASMY isn't one of the top gainers today. At the time of writing, the token is up only 1.5%. However, JASMY's chart is probably showing a much more important aspect. Although JASMY had closed the daily and weekly slightly below the 0.032 resistance, it jumped above this level quickly today. Additionally, if we dive slightly deeper and look at the 4H, we...

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After a short correction, Brett returned to the upper trendline of the bull flag. This time, the meme coin seems more than willing to break out this time. Already last week, I talked about the bull flag Brett entered after its massive pump in May. Moreover, Brett made several attempts to break it, but so far, the token has always been rejected. Today, Brett is...

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JASMY was one of the tokens that performed relatively strong during the latest correction. First, it didn't drop to its crucial support level but found earlier support. Moreover, it delivered a solid recovery and pumped almost 30% from its correction bottom. Currently, JASMY is battling the crucial resistance level at 0.032. This level was already the...

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Yesterday, Bitcoin continued its remarkable recovery from the latest dip. With no time to lose, BTC broke out of the long-term bull flag and confirmed it on the daily chart. Currently, it looks as if BTC retests the breakout on lower timeframes. Therefore, it will be essential that this level holds and Bitcoins push another leg up — preferably to the level of...

ben_walther

TON has delivered an exceptional performance since March. Moreover, contrary to most of the market, it kept climbing in May and June. However, the current chart sends some bearish signals that must be incorporated into trading decisions. As a result, I don't consider TON for any long trades at the moment. Here are the details: - TON broke below the long-term...

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After Tellor's massive pump at the beginning of May, the token remained in a constant downtrend. Up to today, TRB has retraced about two-thirds of its pump. Moreover, there are currently no signs that this trend will end soon. Conversely, Tellor paints a mostly bearish chart. Here are a few highlights (based on the 4H chart; however, the daily doesn't look very...

ben_walther

After its recent pump of more than 100%, cats in a dogs world is consolidating in a bull flag. Since the bull flag is a continuation pattern, chances are high that we will see a breakout to the top. Based on the bull flag pole, a break-out should aim for a target above 0.012 and erase one 0. How to trade? Trading the bull flag requires the price to break out...