Benjamin Cowen

#FTM broke the channel and dropped around 5% after it. Price also broke the strcutural support now retesting it. More dump can come, as market is not give any bullish response.

#BITCOIN DAILY TF UPDATE : #BITCOIN on Daily TF, kept on hodling the support area, we can see Daily candle kept on rejecting the support and weekly will does the same, just one more candle to go. A rejection will be good to see as it might start a reversal.

#TOTAL2 MARKETCAP UPDATE : #TOTAL2 going as per the marking, Index printed a new lower low and with that market reacted already. Index need to retest the support zone as per plan but it missed it. You can expected a drop still as it running bearish or wait for the flip above the zone.

#DENT fell to the demand area of ​​$0.000880-0.000950 while maintaining the resistance ranges. The current level is very important, and maintaining it is a sign of the continuation of the upward trend. If #DENT continues to be traded above the current level, the first and most important target is to reach the dynamic resistance, and the price reaction to it is very important. Closing the daily candle below the current level will indicate an invalidation of uptrend.

#BTC/USDT ANALYSIS Bitcoin is currently consolidating within an ascending triangle pattern. It is facing rejection at the horizontal resistance zone of the triangle. The 100-day moving average (MA) is providing support, while the 200-day MA is acting as resistance above the triangle. We need to wait for a successful breakout or breakdown to confirm the next direction.

#BTC DOMINANCE ANALYSIS BTC.D recently fell from the rising wedge pattern on the weekly timeframe, indicating the potential for further decline. We can see a short-term bullish rally in the altcoin market. Currently, it is trying to break its 21MA, which is acting as support. If it breaks below the 21MA and BTC.D drops below the Ichimoku cloud, a significant decline could ensue, potentially triggering a strong bullish rally in the altcoin market.

From this, we can identify when macro tides change in capital flows during the early stages of the bull and bear phases. The chart below presents how these two price models have provided market support during the 2023-24 bull. Since mid-June, the spot price has plunged below the cost basis of both the 1w-1m holders 🟠($68.5k) and 1m-3m holders 🔴 ($66.4k). If this structure persists, it has historically resulted in a deterioration of investor confidence, and risks this correction being deeper and taking longer to recover from.

#FTM dropped 7-7% from the call with the channel resistance line back to support area. Now a strong candle close will will lead in further price dumps. So, don't rush, and a good case would be wait for the price to flip the major resistance at $0.65.

BTC: First reaction to the support zone. Price action looks promising but too early to say if the reversal is sustainable.

The price of #DOGE is now facing the demand level of $0.11200-0.11500. If this level is broken, the correction will continue. Therefore, as long as the price is still below $0.16, the closest target to it can be the $0.095 area. Due to the fact that Dogecoin moves in a downward channel, it is more likely that the price will fall to the bottom of the channel. But if the price can maintain the current level and return to the ceiling of the channel, it can break the dynamic resistance and return to the level of $0.170-0.176.