ben_walther

Here we go with today's token deep-dive. This time, I analyzed Beta Finance. Here's what you get:- About the token + tokenomics- Chart analysis- Technical indicators- Trade setupReady? Let's go!‣ About Beta FinanceBeta Finance is a decentralized finance (DeFi) platform focused on offsetting crypto volatility and enabling market stability. It allows users to borrow, lend, and short crypto assets through an isolated collateral model, meaning one asset’s risk doesn’t‣ Tokenomics & DataBETA is Beta Finance's native utility and governance token.- CoinMarketCap Rank: 632- Market Cap: 37M- Volume (24h): $2M- Total Supply: 1B- Circulating Supply: 859M- Latest Price: $0.043- ATH: $4.63- ATL: $0.035‣ Chart AnalysisBETA has been trading in a strong downtrend since March. As a result, BETA traded at an all-time low at the beginning of August. And even today, the token is only ~20% above its ATL.Since July, BETA has entered a descending triangle pattern. Typically, this pattern indicates a trend continuation. Accordingly, a break to the downside seems likely.However, given the current bullish market sentiment, a break to the upside is possible.‣ Technical IndicatorsMACD: Bullish 🟢RSI: Neutral 🟢VMA: Neutral 🔵Triple EMA: Price trades below all EMAs (10/50/100/200) 🔴ADX: 15, indicating no trend 🔴‣ Breakout Soon!Based on the current chart, it is likely that BETA will soon break out of the pattern.- The price is very close to the edge of the triangle- The Bollinger Bands are super-tight, typically indicating an upcoming breakout.‣ Trade SetupThe trade setup depends on the break out direction. As discussed, both directions are possible.Bullish Setup- Entry: Wait for the price to close above the downtrend line and confirm on the daily chart.- Profit Target: Slightly below $0.06 (~30%).- Stop Loss: Depending on the entry, slightly below the upper trendline.Bearish Setup- Entry: Wait for the price to close and confirm below the support at 0.04.- Profit Target: ATL at 0.035 (~15%)- Stop Loss: Slightly above the resistance.

Alright, so let's discuss what happened. Take a look at the chart below. It's Bitcoin's weekly chart containing the Ichimoku indicator.The Ichimoku Cloud is a comprehensive technical indicator. It consists of several elements. Here are the ones that are important in this case: Tenkan-Sen (blue line in the chart), Kijun-Sen (red line in the chart), and Kumo (green and red cloud in the chart).​In general, the Ichimoku indicator can deliver various signals.However, one particular signal is typically considered the strongest and most reliable.For the bullish version of this signal, you want the Tenkan (blue line) to cross above the Kijun (red line). Additionally, you want that cross to happen above a green cloud.Guess what? This is precisely what happened with yesterday's weekly candle close.This signal last flashed in October 2023 (!!), and we all know what happened after that. Bitcoin pumped 150% to 73k.Therefore, it looks like all engines are on and ready to go.Nevertheless, remember: Signals on the weekly chart are highly probable, but they need time to play out. The signal might not lead to an immediate price increase, but it could lead to a substantial and sustainable one.

Ponke (PONKE) might be gearing up for its next move after a period of consolidation following its massive pump in early October. Here’s what to watch as the token forms a symmetrical triangle—potentially setting the stage for a bullish breakout. Let's dive into all details!▸ About + Tokenomics- Token Name: Ponke- Symbol: PONKE- CoinMarketCap Rank: 229- Market Cap: 224M- Volume 24h: 11M- Total Supply: 555M- Circulating Supply: 555M▸ Chart AnalysisPONKE experienced a massive pump during the memecoin hype at the beginning of October. At that time, the token’s price increased by more than 50%. The price was rejected at the 0.44 resistance.Afterward, the token entered a consolidation phase and has been forming a symetrical triangle with decreasing volume since then. The pattern is generally considered as a neutral consolidation pattern. However, based on the current sentiment a bullish breakout seems likely.▸ Technical Indicators- MACD: Bearish 🔴- RSI: Neutral 🟢- VMA: Neutral 🔵- Triple EMA: Price trades between EMAs 🔵- ADX: 21, indicating no trend 🔴▸ Trade Setup- Entry: Wait for a breakout of the pattern to the top driven by a strong volume increase. To be on the safe sid, you can also wait for a break of the 0.44 resistance.- Profit Target 1: $0.5 (~13% based on the resistance)- Profit Target 2: $0.55 (~25% based on the resistance)- Stop Loss: Depending on the entry, slightly below the upper triangle trendline or resistance.

Jupiter is getting ready for a potential breakout as it nears the tip of a descending triangle. Here’s what you need to know:▸ About JUPJupiter is a Solana-based exchange offering token swapping, limit orders, DCA, and asset bridging.▸ Chart AnalysisJupiter has been in a descending triangle since April. Resistance holds at 0.66-0.71, with a downtrend line pushing lower highs. A breakout is expected soon. Although considered a bearish pattern, the bullish market structure suggests an upside move.▸ Technical Indicators- MACD: Bullish 🟢- RSI: Neutral 🟢- VMA: Neutral 🔵- ADX: 18, no trend 🔴▸ Trade SetupBearish Breakout- Entry: Below $0.65- Target: $0.42- Stop Loss: ~$0.70Bullish Breakout- Entry: Above the trendline- Target: $1.8 (with profit levels at 1.13, 1.30, 1.50)- Stop Loss: Below the trendline

Bitcoin continued to consolidate between 60-61k yesterday. So far, 60k turned out to be a strong support level. Each dip to that level was bought up quickly. At the time, we see many altcoins bouncing nicely today. However, I don't think we are out of the woods yet and remain very cautious. Here's why:‣ Bear Flag Pattern: Bitcoin continues to build a bear flag pattern. Bitcoin could go as high as 63k in this scenario without invalidating the bearish structure. Make sure to watch these lines!‣ Decreasing Volume: A decreasing volume supports the bearish structure, which you definitely don't want to see after hitting bottom. However, right now, price and volume signal a strong divergence!‣ Middle East Escalation: We might not have heard any breaking news from the Middle East during the last 48 hours. Nevertheless, it's only a matter of time. As soon as Israel launches a counterattack, Bitcoin and the crypto market will respond.‣ Whales Not Buying: Whales are not yet rushing in as you would expect at the bottom. Check yesterday'S post for details.Therefore, as much as I love to see the market bouncing, I remain bearish for the moment and am convinced that the price will go lower before moving higher.

Injective's chart is setting up for something big. Let's look at what's brewing and how you can make the most of it!Key Chart Observations‣ EMA200 Test: INJ broke above the crucial 200 EMA. This is always a key level to watch for any trend reversals. If INJ can hold above this level, it will signal a major shift in momentum.‣ Descending Channel: Besides the EMA, INJ is on the verge of breaking out of its descending channel. This channel has been intact for months, and a breakout here could trigger a significant rally.What’s Next?We could see an explosive move if INJ confirms the break above EMA200 and moves out of the descending channel. Given the chart structure and momentum building, I expect a potential 65-70% move from here, with the first logical target around the $38-$40 range.Trade Setup‣ Entry: Watch for a daily close above the EMA200 and the upper boundary of the descending channel (~$24.00)‣Target 1: $30 (+30% potential gain)‣ Target 2: $38 (+65% potential gain)Stop Loss: Set below $20.00 to manage riskThe volume supports the price action, and if we can break these key levels, the path to a massive upward move is clear.--Key Facts about INJ:- Market Cap: $2.25b- CMC Position: 44- Trading Volume (24h): $135m- Circulating Supply: 97m- Total Supply: 100m

After months of a downtrend, ADA seems to have found a bottom. Finally, slightly above the $0.30 level. Moreover, ADA printed a higher low on the daily timeframe, signaling buyers are stepping in at this level.However, it's definitely not time to rush into a trade yet. In this post, I will explain everything you need to know to set up a proper trade. So, let's dive in!1️⃣ Key Resistances to WatchLet's start with the most important: ADA is approaching three critical resistances converging in the same region.‣ EMA 200: ADA has been trading below the 200 EMA for months, with multiple failed attempts to break through.‣ Upper Trendline of the Descending Channel: This trendline has been ADA's primary resistance during its downtrend. Breaking out of this channel could trigger a significant move.‣ Recent High: ADA’s previous high aligns closely with these levels. 2️⃣ Trade SetupIf ADA can break above these three key levels, it could spark a massive rally. But until that happens, it’s too early to enter.‣ Entry: Wait for a break and close above $0.42. This level will confirm the breakout from the EMA, the descending channel trendline, and the previous high. ‣ Target 1: $0.50 — First logical resistance after the breakout. Offers a potential ~20% gain.‣ Target 2: Slightly below $0.60 — Stronger resistance and a potential 40% gain from the $0.42 entry.‣ Stop Loss: To manage downside risk, a safe stop could be placed below $0.38, just under the recent higher low.3️⃣ Volume InsightThe volume will be crucial in confirming any breakout. If ADA can push through these resistances with a significant increase in volume, it could trigger a longer-term trend reversal. However, without volume support, the chances of a false breakout increase.In summary, the technical setup is compelling, but patience is key. Wait for a confirmed breakout before entering. If ADA can push through $0.42, it could signal the start of a strong rally.

Streamr (DATA) took a hit, dropping more than 8% intraday, but a lot on the chart suggests a potential turnaround is in play.1️⃣ Chart BreakdownFirst, let’s focus on the bottoming formation. While it’s not a textbook cup and handle, it does display some similarities, with a rounded bottom followed by consolidation. This gradual bottom-building structure indicates that selling pressure may have eased, and buyers are starting to step in.2️⃣ Current SituationStreamr is testing its 200-day EMA (around $0.044). This is a significant level; a close above it could be the trigger we’ve been waiting for. However, we want the price to close above the $0.047 level to confirm the breakout. That would be the ideal entry point, as it clears both the EMA and local resistance, signaling that Streamr is ready to push higher.3️⃣ VolumeOne more bullish sign is the recent increase in volume. As the price has approached the 200 EMA, we’re seeing volume pick up, which adds credibility to the idea that a breakout could be imminent. This surge in volume is often a leading indicator of more decisive price action ahead.4️⃣ Trade Setup• Entry: The best entry comes with a daily close above $0.047. This would confirm the breakout from both the EMA and critical resistance.• Target 1: $0.065 (33% potential gain)• Target 2: $0.08 (67% potential gain)• Stop Loss: To manage downside risk, set a stop below $0.042, beneath the recent swing low.🌟 Final ThoughtStreamr’s recent drop might have shaken some traders, but the overall structure shows signs of a potential breakout. The bottoming formation, combined with rising volume, is fueling optimism that we could be seeing the start of a new uptrend. Keep a close eye on the $0.047 level for a confirmed breakout!

Bitcoin consolidated between $63k and 64K over the weekend, with $62.8k as short-term support. However, it’s still struggling to break into the liquidity zone above $64.5k.As Monday began, the volume did not significantly increase. So, we’re waiting for the U.S. session to kick in for more action.Overall, the technical indicators remain favorable. MACD is bullish, the VMA is still trending upwards, and while the RSI is high, it hasn’t yet entered overbought territory, keeping it neutral for now.So, what’s next?Well, two levels to watch will decide the next move.If Bitcoin can push past $64.5k and grab that liquidity, we will likely see a move toward the upper trendline of the long-term channel (65k-66k).On the other hand, a break below $62.8k could send us toward the lower boundary of the (short-term) ascending channel, around $61.5k, or even trigger a retest of the $60k level.From my perspective, both scenarios are ok.A $60k retest to flip it as support or continued upward movement toward the upper trendline would both set the stage for bigger moves. The real battle lines lie at the upper trendline or the $60k support zone. Stay cautious and watch for volume to confirm direction.

It's time for some more chart analysis! Today, I take a closer look at Arbitrum and try to find out if the token offers a promising trade setup. Let's dive in 👇1️⃣ Current Chart Situation• Arbitrum (ARB) broke out of its long-term downtrend in early September after forming a double bottom at ~$0.48. • While technically out of the downtrend, two critical elements are still missing: a more robust pump and significant volume increase. This makes it hard to call it a confirmed breakout just yet.• Moreover, the volume has been declining throughout the entire downtrend. Unfortunately, we haven’t seen a decisive reversal in this trend. • ARB is currently battling the $0.60 resistance level, which has been rejected so far.2️⃣ Trade SetupIf ARB breaks above the $0.60 resistance, a potential long entry could be in play, targeting a move above $0.80. However, I’m cautious about entering without a solid volume confirmation.So, here’s how I would approach this trade:• Entry: After a daily close above $0.62, but ONLY if the breakout is accompanied by high volume.• Stop Loss: Around $0.58 to manage risk.• Target: $0.82, offering a profit potential of ~34%. • Risk/Reward Ratio: Over 6, making this a solid trade if volume supports it.❌ Without the volume confirmation, the risk remains too high, and I would not consider entering. Always prioritize risk management!