Once This Resistance Breaks, PEPE Will Fly High 🚀

Pepe has been trying to break its significant resistance at 0.000013 for almost two months. Overall, we counted seven breakout attempts, all of which were rejected immediately. Just over the last 7 days, Pepe made three attempts to break out.

Given that the overall market has moved sideways recently, there is a considerable risk that Pepe won't be able to hold the current level and dive deeper. Logically, the risk increases with every failed breakout attempt.

However, that should only be short-lived. Once Pepe finally breaks out, we can expect a massive pump. As a rule of thumb, the longer it takes to break out, the higher it can fly.
In this case, I keep my target at the 0.000024 level.

Nevertheless, I won't enter a trade before if the price closes and gets confirmed above the resistance zone.

$PEPE #pepe⚡

Bitcoin Update — Why 100k Is On The Table And What Needs To Happen First!

After eight days of battling the EMA200, $BTC finally won the match and closed the day above this essential technical indicator.

The success on Saturday was mainly driven by the reduced market pressure, as the German state of Saxony ran out of Bitcoin.

As expected, the price continued to rise after closing above the EMA200. The unbelievably sad events in the U.S. further fueled the increase.

As a result, Bitcoin is now eyeing the upper boundary of the long-term bull flag. This pattern has started to form in March after Bitcoin jumped from ~40k to ~73k.

From a technical analysis point of view, a break to the upside of the bull flag would inevitably bring 100k to the table. However, it is unlikely (right now) that Bitcoin will smash that barrier directly with the next attempt.

Nevertheless, based on the current momentum shift, I would expect a break to the upside during the next weeks, followed by a new ATH and a march toward 100k during the 3rd quarter.

#BTC☀

Knock, knock 🥊

During this morning's status video, I already discussed the high probability that we will see another attempt to break through the upper bull flag line and 68k level today or tomorrow.

Well, here we are!

Let's pump and stick the landing on the daily chart!

$BTC #bitcoin☀️

Why Toncoin Is No Candidate For A Long Trade — Broken Uptrend & Bearish Ichimoku

TON has delivered an exceptional performance since March. Moreover, contrary to most of the market, it kept climbing in May and June.

However, the current chart sends some bearish signals that must be incorporated into trading decisions. As a result, I don't consider TON for any long trades at the moment.

Here are the details:
- TON broke below the long-term uptrend on the daily chart. The attempt to climb above the trend line was rejected. On the contrary, TON dove deeper.
- TON printed a bearish cross in the Ichimoku cloud.
- TON dropped below the Ichimoku cloud, and the future cloud turned bearish simultaneously.
- Moreover, the chart shows a double top at the 8.12 level.

Summarized, the amount of bearish signals can't be overlooked. Therefore, it will be interesting to watch how TON performs if the market continues to be bullish.

$TON #ToncoinSurge

Tellor — Short-Term Outlook Remains Bearish 🔻

After Tellor's massive pump at the beginning of May, the token remained in a constant downtrend. Up to today, TRB has retraced about two-thirds of its pump. Moreover, there are currently no signs that this trend will end soon.

Conversely, Tellor paints a mostly bearish chart. Here are a few highlights (based on the 4H chart; however, the daily doesn't look very different):

- The price trades below the Ichimoku cloud, indicating a bearish trend.
- The Kijun line is about to cross the Tenkan line below the cloud — this is one of the strongest bearish Ichimoku signals.
- The future cloud is massively red, indicating a downtrend continuation.

If we move away from Ichimoku, things don't get better:
- TRB trades way below the EMA200, which further seconds the massive downtrend.
- Currently, TRB can't manage to break the resistance at 76 USD — this can be seen as the bare minimum to start an uptrend.
- TRB's price is way below the downtrend line that started in May.

Summarized, the overall outlook remains bearish. Let's see if the broader market can provide some support and help TRB gain bullish momentum. However, to go for long trades the chart setup has to change completely.

$TRB #Tellor

MEW — Ready To Get Rid Of A Zero?

After its recent pump of more than 100%, cats in a dogs world is consolidating in a bull flag. Since the bull flag is a continuation pattern, chances are high that we will see a breakout to the top.

Based on the bull flag pole, a break-out should aim for a target above 0.012 and erase one 0.

How to trade?
Trading the bull flag requires the price to break out to the upside. Additionally, it is preferable to confirm the breakout on a higher timeframe, like the daily chart, before entering a trade.

If you want to reduce the risk, you can even wait for a re-test after the breakout—however, this doesn't always happen, and it can also lead to a missed trade.

$MEW

RUNE — One Resistance To Break Before We Can Go For 33% Run 🚀

Regardless of the indicators and patterns you check, RUNE seems ready for a massive run that could quickly hit a target of 33%.

Bullish Ichimoku Setup 🎎 (see attachment 1))
First of all, RUNE has printed a bullish Ichimoku setup.
- Yesterday, it bounced perfectly from the lower cloud support line and quickly pumped back above it. A break out above the cloud is rated as a strong bullish sign.
- The cloud itself shows a perfect uptrend.
- Additionally, we are close to a bullish Tenkan/Kijun cross in the cloud — another bullish sign.
- The only con: The future cloud is currently red. However, this can change quickly.

Cup & Handle Pattern ☕️ (see attachment 2)
Besides the bullish Ichimoku, RUNE printed a cup & handle pattern. The pattern had its low at ~3.15. Accordingly, the profit target (once we break the neckline) sits at ~6.5

Entry Trigger 🔫
The final entry trigger is a close above the neckline and resistance at ~4.85. A close of the daily candle (and preferably confirmation), and we should be ready.

Profit Targets & Stop Loss 🏆
Based on chart resistances, I would choose 3 profit targets, realizing 10%, 20%, and 33% gains. The stop loss can be placed slightly below the upper cloud support line (~4.65), resulting in an overall risk/reward ratio of 7.5.

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Visit my profile for more analyses and trade setups.

$RUNE #runecoin

Who's joining me for today's live session?

I will talk about yesterday's bloodbath and why things look super promising now.

Also, I will have a look at $DOGE $BANANA and $IOTA

Join me here!

$BANANA — Support Held, Breaking Out Of The Downtrend & Getting Closer To Entry Zone!

As mentioned yesterday, BANANA performed relatively strongly compared to many other tokens. Most importantly, the token stayed above the important support area at 58 USD.

Moreover, BANANA broke out of its (short-term) downtrend this morning and is currently confirming the outbreak. If this happens, we can add a checkmark to the first requirements for an entry.

As a second step before a long entry, BANANA has to jump above the 65 level and confirm it at least on the 4H chart.

If this happens, we can take a closer look and evaluate a long entry.

$BANANA #BananaCoin