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Fantom Struggling To Hold Support And About To Print Strong Bearish Ichimoku Signal 🚨 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 see a breakout soon. Unfortunately, the probability of a drop is much higher than a break out to the top. Here's why: FTM is about to print a bearish Tenkan/Kijun crossover. This crossover is about to happen below the Ichimoku cloud — this is considered an even stronger signal. Besides, the price trades below the Ichimoku cloud, and the future cloud predicts a bearish trend. Overall, three aspects that signal a high risk of further drop. In case of a drop, the next support sits at ~0.35. $FTM #FantomFTM
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Banana Gun — More Downside Potential? 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 that's exactly what happened. At the third test, the support level broke, and Banana dropped to the next support level at $52. However, so far, there have been no clear reversal signs. On the contrary, a drop to lower levels (45) is even more likely. Regarding a trade setup, I definitely removed the token from the monitoring list. The bears are absolutely in control right now, and I would be surprised if we had already reached the bottom. $BANANA #BANANA
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Huge Crypto Drop Incoming? Ichimoku Forecasts Bearish Price Action! This video is an extract from today's Crypto & Coffee session in which I discuss an unusual situation: Today, we had tons of tokens flashing a bearish Ichimoku signal on the daily chart.
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What's Good, Ethereum? Here's a quick video in which I discuss the latest ETH chart developments and ETF updates. Tune in, like, and share! $ETH #ETH_ETFs_Trading_Today
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What's Good Bitcoin? Here's an extract of today's Coffee + Crypto session, in which I discuss the latest Bitcoin charts. I go through critical levels and elaborate on potential next moves. Tune in, like, and share! $BTC #bitcoin☀️
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