BEL
BEL Short Term Breakout TradeThe stock has previously broken out with good volumes and retested the upper trendline, the point of entry. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 1:1.
SL is placed below multiple major support zones, and previously upper trendline & near lower Trendline. Target is placed near the swing high based on fundamentals.
Note: Earnings will be disclosed during the trade duration. If results are not up to expectations or the trendline is broken after results, it may be a better option to exit the trade.
BELUSDT { BELLA PROTOCOL } - BULLISH SETUPANALYSIS 🔎
- BELUSDT hit a swing high and retraced.
- Price retested the all-time low support.
- There was a relatively high concentration of buyers at that zone.
- The downtrend was resisted by the descending trendline resistance.
- Price brokeout above the descending trendline resistance.
- This is a bullish signal.
BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the horizontal resistance level (@2.47).
- Limit entry: possible retest.
TARGETS 🎯
- Horizontal resistance level (@4 7).
- Horizontal resistance level (@5.8473).
SETUP INVALIDATION ❌
- Breakdown below the horizontal support level (@0.6006).
BEL/USDT signals, The wave is coming, hungry up!!!I saw 2 great signals for a bullish cycle of BZX protocol (BZRX/USDT) and BELLA protocol (BEL/USDT).
- RSI breakout signal bearish trend and Filbo timezone on both coins.
- MACD is breaking up
- If the price to $0.75 is the bottom of the previous accumulation, everyone will buy a lot so I think it's impossible. We can buy at $1 - $1.2 which is great.
- The filbo timezone i draw is correctly time is 90%, so for the number 3, please find the good buy yourself!
- BTC weekly candlestick RSI will also break this decline if current prices hold.
-The last drop below 30k was a beautiful bearrap
- Other coins are also showing positive signs as good news has hit the market
- I don't think BTC will go to $25k or $20k because then this game won't be difficult anymore, the big hands can't buy it at that level so they have accumulated a lot of BTC in the $30k area
- Fear & Greed index score from 10 last week and this week is 32, showing that a lot of people are no longer afraid but are turning to greed, this is a great thing to create 1 long growth wave.
Note: You can see more Fibo of BZRX/USDT in my profile.
Anything that doesn't make sense, please give me a comment. Please motivate me to develop myself and help someone needed.
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BEL is going to reach this zone. Will there be a correction? 😧Bitcoin is still moving in a downward pattern, updating its lows and highs while in a prolonged consolidation. Not showing any particular strength for growth lately.
At the same time, some altcoins are showing a very different picture. For example, Bel is moving in an uptrend pattern, locally updating its lows and highs.
Bel has a strong resistance range ahead, marked as a massive value area on the chart. Most likely, the price will react to it and correct to the lower marked area!
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
BEL is it time for some kind of correction or not?Bel doing amazing, are LONG traders targeting take profit point or will they wait some more? Are we due for a correction? This rising wedge says it could be the case... But that's the only statistic, you should never underestimate herd mentality... Let's watch this one, Could be profitable also...
BEL > Trendline Breakout > Ready for DUMP?Hello Friends,
Hope you all are having a thrill in your trading journey.
I am presenting you my analysis of BEL.
According to my technical analysis, BEL is going down as it just broke a major trendline and retested to the trendline. A Bearish candle on 1 hour chart confirmed my analysis. So, I am short on BEL.
I hope my analysis is pretty clear to you guys.
Kindly do your own research and follow proper risk management.
Feel free to share your views in comment section. Like and Follow!
Best Regards,
Shaswat Naman
TradeThrill, India🇮🇳
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
BELUSDT (4H CHART) - Double BottomBELUSDT (4H CHART) Technical Analysis Update
BELUSDT (4H CHART) currently trading at $1.188
Buy level: Above $1.187
Stop loss: Below $0.965
Target 1: $1.305
Target 2: $1.455
Target 3: $1.630
Max Leverage: 3X
ALWAYS KEEP STOP LOSS...
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