BEL
$BEL/USDT 1D (Binance Futures) Ascending channel on supportBella Protocol is up-trending inside that channel, it is likely to make a massive move-up if bounces on support.
Also, we can see it has broken-out bullish of that falling wedge and is now retesting it!
Current Price= 3.2669
Buy Entry = 3.2400 - 3.0100
Take Profit= 4.0610 | 4.9950 | 7.1170
Stop Loss= 2.499
Risk/Reward= 1:1.5 | 1:2.99 | 1:6.38
Expected Profit= +29.95% | +59.84% | +127.74%
Possible Loss= -20.03%
Fib. Retracement= 0.5 | 0.7862 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 2 months
BEL Hit demand ZoneBEL is bounced from the demand zone and the wicks show there are a lot of buyers. Bella Protocol is the DeFi project and the second wave of DeFi is started. BEL has a market cap of $130 million only and the Total value locked (TVL) in Bella Flex Saving is more than $35 million and increasing. This is a good time to build your position in BEL.
Buy zone: $4.05 - $4.15 (add more if drops to $3.8 - $3.9)
Target: $4.54 - $4.95 - $5.4 - $5.85 - $6.4 - $6.95 - $7.7 - $8.4 - $9.6 - $10.4
BEL perfect retest, Ready for moonBEL breakout the long downtrend and perfectly retested it. BEL is now ready for the next rally. BEL has some good news coming in the upcoming weeks. BEL is the Binance launch pool project and has a good team working on the developments and partnerships of the project.
Buy Zone: $3.8 - $3.95
Target: $4.35 - $4.83 - $5.45 - $5.95 - $6.6 - $7.1 - $7.7 - $8.55 - $9.2 - $9.9
Rounding Top idea for $BEL vs BTCROUNDING TOP IDEA
Following up on the initial idea for a Rounding Top playing out on Bitcoin, this 4-hour $BEL chart shows a similar pattern which I expect to perform in an uptrend for a big move up in the mid to long term.
April 17th's BTC dip accelerated the pattern closing and almost bounced off the rising trendline support.
An impulse move might bring price to ATH by the end of this month (April) depending majorly on Bitcoins behavior.
PARABOLIC CURVE THEORY POSSIBLE
I've marked price level 7.00 for a future idea analysis on a larger scale timeframe as I believe this coin might be developing a parabolic curve. That level could actually be a base 3. If that turns out to be so, I would confirm the existence of the parabolic curve pattern making it a awesome opportunity for exponential growth which would put the long term price level around the 13.2USDT.
🆓Bella Protocol/USDT Analysis (22/4) #BEL $BELThe buying force at 3.5$ always push BEL up if BEL hit this zone. I think it will take us some days to move sideways between 3.5-4.5$ range and will generate new rally up to 6$ or 9$ in May
📅EVENTS
👉Jun 30 : Bella One-click Product
👉Sept 30 : Bella DeFi Robo-Advisor
📈BUY
-Buy: 3.4-3.6$. SL B
-Buy: 4.4-4.6$ if A. SL B
📉SELL
-Sell: 4.4-4.6$. SL A
-Sell: 6.0-6.3$. SL A
-Sell: 8.8-9.2$. SL A
♻️BACK-UP
-Sell: 3.4-3.6$ if B. SL A
-Buy: 2.5-2.7$. SL B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"