BEL breakout on Weekly ChartNSE:BEL
BEL on weekly chart finally seems to be given valid breakout to major level of 118. Which looks good for short term and well as swing traders.
BEL on week of 7th December 2020 had already try to give breakout to the same level but it had face solid rejection there, after closing of the last week (14th December 2020) I can say that the supply which cause the rejection we are seeing on 7th December candle was actually absorb by the bulls and the result of the same is last weeks bullish closing which also manage to close above 118.
Do note level of 85 is become strong support for this counter for future trend and next resistance for BEL if 178 which actual a lifetime high for now and as per current trend of BEL its looks like its about to make new lifetime high.
BEL
BELUSDT completing Shark move | A good long opportunityOn the small time period 1 hour chart , the price action of Bella Protocol (BEL) is completing final leg of Shark and soon it will be reached in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets as per Fibonacci sequence of Shark formation can be as below:
Potential reversal or buying zone: $1.2332 to $1.2174
Fibonacci projection or sell zone: $1.2511 to $1.2872
Stop Loss:
The potential reversal zone area that is up to $1.2174 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has a profit possibility of 5.7% and as per the above-mentioned stop loss, the loss possibility is 1.3 %.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
BELUSDT - Potential buy entry 🔼BELUSDT is printing an ascending triangle pattern on the 4H timeframe.
Price is testing the pattern's inclined support.
RSI is printing a bullish divergence signal.
Price action is printing a falling (bullish) flag pattern at the support.
Buy entry ⬆️ - breakout above the falling flag resistance + previous swing high.
Target 🎯 - Resistance levels
Setup invalidation ❌ - breakdown below the ascending triangle inclined support.
✳️Bella Protocol/USDT (13/12) View + Trading Plan #BEL $BELBEL had a deep correction from 1.6$ to 1.1$ and currently has good support at 1.1$.
It is highly likely that the BEL will rebound back to the 1.4$ zone and rise sharply to 2$ and 2.5$ if it conquers the 1.4$ zone.
However, if the 1.1$ zone is lost, it will be a sign of a deeper downtrend.
📈BUY
-Buy: 1.075-1.125$.SL if B
📉SELL
-Sell: 1.37-1.43$.SL if A
-Sell: 2-2.1$.SL if A
-Sell: 2.4-2.5$.SL if A
♻️BACK-UP
-Sell: 1.075-1.125$ if B.SL if A
-Buy: 0.875-0.925$.SL if B
-Sell: 0.875-0.925$ if B.SL if A
-Buy: 0.7-0.75$.SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
My Crypto Combo Long Trades 20201210My Crypto Combo Long Trades
COTIUSDT, MKRUSDTP, TFUELUSDT, BELUSDT
Trade close manually when: the above ribbons turns Yellow or better Red.
I appreciate your like or comment. Welcome to share your idea here.
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
BELUSD - Good sell zone Preconditions:
have passed a lot.
Three paranarmal days.
You will learn the best place where we can trade this instrument at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
CRYPTOCURRENCIES ARE BREAKING OUT 20201207CRYPTOCURRENCIES ARE BREAKING OUT, They can't wait Bitcoin, The big brother is too daunting.
Symbols: AAVE, LTC, VET, SUSHI, BEL, WAVES
I appreciate your like or comment. Welcome to share your idea here.
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
✳️Bella Protocol/USDT (30/11) #BEL $BELBEL is moving up to the 1.2$ zone, which is an important zone and will determine the next trend of the BEL. There will be 2 directions from the 1.2$ area
- Decrease sharply to the 0.4$ zone
- Continue increasing to higher areas: 1.4$, 2$ and 2.5$
📈BUY- LONG
-Buy: 0.85-0.9$.SL if B
-Buy: 1.15-1.2$ if A.SL if B
📉SELL-SHORT
-Sell: 1.15-1.2$.SL if A
-Sell: 1.4-1.45$.SL if A
-Sell: 2-2.1$.SL if A
-Sell: 2.4-2.5$.SL if A
♻️BACK-UP
-Sell: 0.85-0.9$ if B.SL if A
-Buy: 0.4-0.45$.SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"