ben_walther

ben_walther

ZRO presents a fascinating chart setup, showcasing significant strength compared to the broader market. Unlike many other tokens that have struggled, ZRO has mainly held its ground. Moreover, it’s approaching a crucial moment. Two key levels will be essential to watch: ‣ ZRO needs to break out of the current downtrend. ‣ Subsequently, it has to pump above the $4...

ben_walther

Lately, all social media content seems to follow the same narrative: "The Fed is cutting rates, so Bitcoin will pump!" It's a catchy idea. After all, lower interest rates are typically good for risky assets like stocks, crypto, and Bitcoin. But we shouldn't get too excited. Instead, let's take a step back and look at the bigger picture: Undoubtedly, rate cuts...

ben_walther

Once again, the market poured euphoria over crypto traders on Friday within seconds. Bitcoin made a solid move above the crucial 58k level and subsequently targeted 60k. Today, it feels like the day after the party: Bitcoin did not break the 60k barrier, and its current price action gives off mixed signals. Let’s break it down: The Positives: Bitcoin...

ben_walther

Currently, Cosmos (ATOM ) trades in a descending channel. Typically, this pattern is considered bearish. The price continues to make lower highs and lower lows, respecting the upper and lower trend lines of the channel. Volume Insights The volume paints a clearer picture of the market sentiment. We can see a strong selling pressure, evidenced by the highest...

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Solana (SOL) is showing several signals of a further correction. After SOL bounced from its core support level at $125, the price was rejected at the EMA 200. Currently, SOL is trading below all significant exponential moving averages (EMA). Typically, this is an explicit confirmation of a downtrend. Even worse, the Stochastic RSI is in overbought territory....

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Over the past few months, the idea of a 50bps rate cut by the Federal Reserve (FED) seemed highly unlikely. Most of the crypto market had priced in a 25bps rate cut. However, yesterday, the market dynamics shifted. Suddenly, the probability of a 50bps rate cut surged from 14% to 47%. This surprising change is shaking up global financial markets. Logically, the...

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Chainlink (LINK) is again about to challenge the upper boundary of its descending channel. This barrier has been in place for most of 2024. Each time LINK tested this upper trendline, it faced rejection. However, the pressure is building for a potential breakout. Key Technical Points To Watch Descending Channel: LINK has been stuck in a descending channel,...

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MEW has been trading within a descending wedge pattern, which typically signals a potential reversal once broken. Currently, MEW is approaching a critical resistance level at $0.0048, which has repeatedly acted as a rejection point. 1️⃣ Key Technical Points • Wedge Formation: MEW consolidates within a descending wedge, gradually tightening its range. • $0.0048...

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Popcat has been gradually climbing and is approaching a critical horizontal resistance around the $0.70 level. The trend has been constructive, with higher lows forming, and is supported by a rising trendline. This setup suggests that the buyers maintain control, and momentum is building for a potential breakout. Key Levels to Watch: $0.70 resistance:...

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Solana has once again revisited its significant support level around $130, marking the 7th test of this area since March. This level has held each time, indicating intense buying pressure at these levels. However, the next few days will determine whether SOL can gather enough momentum to push higher. Key Levels to Watch: - $130 support: This level has proven...

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NEAR has developed a double bottom pattern, a classic reversal setup starting to emerge across several altcoins. This structure often signals a potential trend shift, but the key lies in how NEAR handles the $4.15 to $4.35 resistance range. Currently, NEAR is attempting to push through this essential zone, which has acted as both support and resistance in the...

ben_walther

Technically, Bitcoin remains within a descending channel, and 58k is still the critical resistance. A daily close above 58k would be a step forward, but for the bullish case to gain traction, 60k needs to be cleared decisively. For now, 58k holds. If Bitcoin continues to stall here, the odds of a pullback toward the 52k lower trendline increase, as highlighted in...

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Fantom (FTM) is one of the charts I watch closely. This token has every bullish ingredient you want to see and should run like crazy once the market turns on the "bull mode." The price broke out of the long-term downtrend (red line). Moreover, FTM retested the breakout successfully. It printed a perfect higher low on the daily chart. And forms a beautiful...

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TON showed some strengths and bounced nicely from its crucial support level at ~4.70, which was important. On the other side, TON is still in some serious trouble: Strong downtrend with lower highs and lower lows. Dropped out of the long-term channel. So far, it couldn't reclaim the channel. Based on this, I remain cautious about TON. The token needs to return to...

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I know I know: Bitcoin jumped almost 5%. The bulls kicked the bears out of the town. We are so back! 100k is next! If you have read something like this, please unfollow the person immediately. But let's start with the positive aspects: Yes, the bulls are still here, and it was good to see that the fake bear flag didn't play out (surprise, surprise). However,...

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Although the U.S. stock market did relatively okay yesterday, Bitcoin continued its bearish move. On the daily chart, BTC made another lower low and dipped below 56k for the first time since the beginning of August. Today, the market is slightly recovering. However, so far, this doesn't look healthy. Accordingly, I would be cautious with long trades (actually, it...

ben_walther

Every trader dreams about that magic trick that delivers better trading results—this one little thing that miraculously turns their strategy into a bullet-proof winner, striking a 100% success rate. Unfortunately, this article doesn't provide that magic trick. If you are looking for it, you must continue searching (but remember to hit me up if you find...

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Bitcoin — Short-Term Analysis Once again, I have to start the short-term analysis with "unfortunately." Unfortunately, Bitcoin did not show enough strength yesterday to create a higher high and break out of its descending channel. Descending channels typically suggest a continuation of the downward trend. In fact, it didn't even reach the upper resistance....