Beta Finance — Aiming For $0.16 — Massive Buy Signal 🚀
$BETA is up more than 100% since the beginning of the week. Therefore, I wouldn't consider a long trade following the rule, "Don't chase green candles!"
However, violating the rule might be a good idea in this case. Here's why 👇
BETA printed a so-called Power Scalper signal on the daily chart. The strategy is a rather complex approach that uses some lesser-known indicators (SSL, TDFI) and the RSI in an uncommon way, specifically tailored to realizing gains after a pump.
Signal Details 🧐 The signal flashed on the daily chart and had extraordinary backtest results. Based on 22 historical signals, BETA gained over 10% after signals flashed in 86% of their occurrence.
Other Technical Indicators 💹 All trend indicators (short, medium, and long term) show a bullish trend! Momentum indicators provide a mixed picture, which is logical after a 100% pump. As a result, the RSI, for example, is overbought. Additionally, the ADX shows a super strong trend and should help realize the signal gains.
What about the chart 📊 Currently, BETA trades at $0.095. The next resistance is ~0.12. This level can serve as a first take-proft target. The next resistance is $0.15-0.16, which correlates with this signal's profit target of 73%.
Here's a quick summary of this weekend's news and updates. 👇
So far, we had a pretty boring but usual weekend market. Most crypto assets fluctuated 1%-2% and showed no intention for stronger moves.
RSI Continues to Recover While Bulls & Bears Are in Balance ✅ The overall crypto market RSI has continued to recover slightly. At the same time, the amount of bullish and bearish signals on the daily chart is very much in balance for the second day in a row.
Ethereum ETF Launch Will Be Delayed Most Likely 🚨 One of the most essential updates came in just a few hours ago. "According to Bloomberg ETF analysts, the SEC has taken additional time to return the S-1 forms submitted by prospective spot Ether ETF issuers, pushing the launch to mid-July or later."
However, this news did not impact the market. Nevertheless, the delay could potentially lead to a more extended period of sideways price action since many consider the $ETH ETF to be THE altseason catapult.
The crypto market RSI calculates the average Relative Strength Index (RSI) of more than 200 crypto assets.
At the end of last week, the indicator reached its lowest low in two years. Although we expected a bounce slightly earlier, the indicator seems to have recovered perfectly since the beginning of the week.
As a result, most altcoins gained some momentum during the last few days. However, based on previous events, this should be only the beginning, and we will see a stronger relief rally in July.
The recovery could go hand-in-hand with the ETH ETF approval and launch next week. A final green light should catapult altcoins and fuel at least a moderate altseason.
Injective Protocol Flashes Buy Signal On The Daily Chart — 16% Potential!
👉 Here's What Has Happened $INJ printed a bullish MACD crossover on the daily chart. Simplified speaking, this happens when a shorter-term moving average moves above a longer-term average. Practically, it tells you that the token is getting some upward momentum, which likely leads to a further price increase.
ℹ️ Signal Details The signal flashed on the daily chart and had extraordinary backtest results. Based on 30 historical signals, INJ gained more than 10% after signals has flashed in 80%. Moreover, the MACD is usually a good indicator on the daily chart — when specific aspects apply 👇
💹 Other Technical Indicators Most momentum indicators are in the neutral zone and, therefore, support the signal. Many trend indicators have turned bullish or are about to turn bullish. The weak ADX should be monitored closely since we want to have the signal backed by a strong trend.
📉 What about the chart INJ's 1D chart perfectly supports the signal. INJ has found strong support at $20 and bounced nicely. The profit potential of the signal aligns with the next resistance at 27-28.
Ethereum Name Service Flashes Bullish Ichimoku Signal 🚀
👉 Here's What Has Happened Today, ENS flashed one of the most reliable trade signals: the Ichimoku signal. This signal combines different indicators and validates the trade setup on multiple timeframes. As a result, its win rate usually outperforms many other signals.
ℹ️ Signal Details The signal flashed on the daily chart and had exceptional backtest results. Although the number of backtest signals is relatively low, the performance is clear: Every time this signal flashed, the price of ENS pumped by more than 10%.
💹 Other Technical Indicators Most momentum indicators are in the neutral zone and, therefore, support the signal. Many trend indicators have turned bullish.
📉 What about the chart ENS's 1D chart indicates a potential outbreak above the 27.5 level, which would open the road to this signal's profit target.
Many of you told me they prefer a written trade setup of a video. That's why I put together the most essential facts about the $WIF signal in this post.
What Happened? 👇 WIF flashed a bullish MACD crossover on the daily chart. Simplified speaking, this happens when a shorter-term moving average moves above a longer-term average. Practically, it tells you that the token is getting some upward momentum, which can lead to a further price increase.
Is This Signal Reliable? 🧐 Unfortunately, we can't run proper backtests on the daily WIF chart simply because there's not enough data available yet. However, on higher timeframes, such as the daily chart, the MACD is considered a valid signal.
What About Other Indicators? 💹 Momentum indicators are neutral, which is absolutely fine. For trend indicators, we (logically) see a mixed picture of bullish and bearish indicators. The ADX shows a light trend, which further seconds the bullish trend.
How About The Chart And Potential? 📉 After its dump, WIF found support at the level of $1.6 and bounced nicely. Therefore, the chart looks promising for further gains and some room to run toward $2.5 - $2.6
Ethereum Name Service Flashes Bullish Ichimoku Signal 🚀
👉 Here's What Has Happened Today, ENS flashed one of the most reliable trade signals: the Ichimoku signal. This signal combines different indicators and validates the trade setup on multiple timeframes. As a result, its win rate usually outperforms many other signals.
ℹ️ Signal Details The signal flashed on the daily chart and had exceptional backtest results. Although the number of backtest signals is relatively low, the performance is clear: Every time this signal flashed, the price of ENS pumped by more than 10%.
💹 Other Technical Indicators Most momentum indicators are in the neutral zone and, therefore, support the signal. Many trend indicators have turned bullish.
📉 What about the chart ENS's 1D chart indicates a potential outbreak above the 27.5 level, which would open the road to this signal's profit target.