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Ben Walther
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Playbook!
Break out, retest and off we go 🚀🚀🚀
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Ben Walther
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Bullish
$JASMY — Huge pump incoming 💯🚀🚀
JASMY broke out of its pattern and is currently retesting.
Technical indicators look okay, although I’d love to see a strong ADX. Hope we’ll get that soon.
Anyways, I think everything is prepared. Watch for confirmation and then full send to 0.03 🚀
#jasmyustd
#altcoins
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Ethereum Name Service Is About To Break Long-Term Trendline To The Downside! Just a couple of days ago, we monitored ENS closely as the token was about to break its upper resistance area. A confirmation above the support would have triggered an entry. However, ENS was rejected immediately, and today, it has to battle another important trendline—this time to the downside. The trendline started in May, and ENS has never closed a daily candle below this trendline. This could change today. At the time of writing, ENS trades clearly below this trendline. A close below can trigger stronger bearish momentum. However, we must apply the same rules for the bullish case: Wait for confirmation. Keep your fingers crossed. $ENS #EthereumNameService
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NOTCOIN Update — Next Stop 0.012? Notcoin is delivering one of the most bearish charts at the moment. The token has already dropped more than 15% since breaking out of the triangle on Monday. However, it looks like bears are still fully in control. The current price action is very likely to end in another leg down. This scenario is also second when looking at the recent volume. While every dip was driven by volume peaks, the phases in between had no volume. Notcoin definitely needs the support of the broader market to stop the bleeding. Otherwise, it will reach 0.012 soon, which might not be the final destination for now. Therefore, if you are looking to trade the reversal, this time hasn't come yet, and there are no signs that it will happen soon. $NOT #Notcoin👀🔥
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FLOKI — More Downside Potential Or Holding Strong? Floki has been performing relatively well during the latest sell-off. While flashing a couple of bearish signs (bearish Tenkan / Kijun cross, break of the upper cloud support), the token fought hard to hold support at 0.000175—so far, successful. This level has already served as support a couple of times (for example, just last week). Moreover, it also represents the bottom of the Ichimoku cloud—usually a solid support, too. Therefore, there's still a chance Floki will hold this line if the market doesn't dip further. However, in an ongoing weak market, Floki is likely to go lower. The next logical support level sits slightly above 0.00016—although it is a weak one. Ultimately, the level at 0.000135 should definitely hold. Important: This is an analysis and prediction for short-term price movements. It does not change Floki's overall bullish outlook! $FLOKI #FLOKI?
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JASMY — High Risk Of Further Drop (If Broader Market Doesn't Turnaround) A few days ago, during the daily video session, I analyzed the JASMY price. I highlighted the bearish potential and how JASMY could reverse that. Obviously, the bears took over full control. Since the last analysis, JASMY's price dropped below the Ichimoku cloud, signaling further bearish potential. Moreover, the current price action could result in a bear flag. If so, a break is likely, sending JASMY to its strongest support level at ~0.024. Based on the current volume, it doesn't look like JASMY bulls are ready to step in. We need a reversal of the broader market to invalidate this scenario. On the bright side, support at 0.024 is definitely strong, and I would expect it to hold in case we drop to it. Reminder: This is a short-term price prediction. It does not change anything about the bullish long-term scenario for JASMY! -- Check my profile for more analyses and trade signals! #Jasmyusdt⚠️⚠️
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$BANANA is holding support nicely today. While most of the market dipped hard, Banana held above the crucial support line. If the market doesn't go lower, we can expect a break out of the short-term downtrend (dashed line) and pump above the resistance at 65 soon. Once above this level, things start to get interesting regarding trading. As mentioned in previous posts, a trade with a first target of the previous ATH seems doable. However, let's evaluate when we are there. #BANANA
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