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Ben Walther
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Fantom — Another Leg Down? Chart And Indicators Say Yes! 🚨 $FTM dipped ~35% during the last few days. Even worse, current technical indicators and charts indicate more downside potential. Here's why: 1️⃣ Bearish MACD Crossover FTM flashed a bearish MACD crossover on the 4H chart. Based on backtests, the signal is solidly reliable when it comes to 2%—5% profit targets (downside potential in our case). 2️⃣ Bear Flag Moreover, the 4H chart indicates that Fantom trades in a playbook bear flag pattern. How To Enter 👇 Wait for a break of the lower bear flag boundary and confirmation. As a first profit target, it makes sense to go for the lowest point of the recent dip. However, it is likely that FTM will encounter even more downside potential in the case of a breakout to the bottom. #TradeSignal #FantomFTM
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BETA: Downtrend Continues — Bearish Trade Signal On The 4H Chart! $BETA finds itself in a considerable downtrend. Lately, the token crashed through the support at 0.065. This level has served as support since the end of June. In addition, BETA flashed a bearish trade signal called "Parabolic Trader." This trading strategy combines the MACD, EMA, PSAR, and ADX to provide accurate entries. Based on backtests, the signal shows very high reliability in reaching profit targets of 5% and more. The signal forecast a profit target of 8%. As a result, BETA would reach the next support level at ~0.53. #TradeSignal #beta
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Who wants some trade setups for $PEPE and $FTM on the 4H chart?
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Back with a live session today! Join me at 8 AM UTC! Today, discussing $BTC current state. Plus, sharing some trade setups on the 4H chart for $FTM , $PEPE and BETA. Don't miss that! Join here!
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BTC Keeps Battling The EMA200 — Can The CIP Help To Push Through? Bitcoin has been trying to break through the EMA 200 for almost a week, but the crucial moving average has proved to be strong resistance. From a positive perspective, we have to have that the continuous tries to initiate some upward momentum happens during the major BTC sell-off by the German government. Therefore, BTC is doing exceptionally well. Today, we will have a CIP announcement. Forecasts state a CIP of 3.1%. A lower value could be the final spark to initiate bullish momentum. Overall, it looks like it is just a matter of time until Bitcoin and the entire crypto market print some bigger green candles. $BTC
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