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Betausdt

Beta Finance vs Tether Goes Bullish (395% Potential)Beta Finance vs Tether (BETAUSDT) is looking better than BETABTC. The charts are basically the same but as you can see from my targets this pair has higher potential for profits. Let's read the chart now. We can see a very strong downtrend until Jan. 24. Right before this date we had a challenge of EMA50 on high volume, followed by a rejection and then another try at resistance. Currently, BETAUSDT is challenging EMA50 with a volume breakout and bullish indicators. We are aiming UP! Note: If prices drop below support, the last low/bottom price of blue rectangle, this analysis is invalidated. Wishing you great profits & trade success in the week ahead. Thank you for reading. Namaste.
Long
by AlanSantana
8
#BETA, Enter now for a potential +61% profit?A quick look at Beta (#BETAUSDT, 1D, Binance): According to CoinMarketCap, "Beta Finance is a permissionless money market on Ethereum for borrowing, lending and shorting crypto assets." The price has been trading in a descending wedge since its launch but may have found a support at the current level. Main Points If the support level holds, price may trade within a very profitable range. However, further drops cannot be crossed out considering the upcoming 2.5% increase in token circulation expected in February, according to Beta Finance's release schedule. Strategy TP1: $0.63 TP2: $0.768 SL: n/a(*) Additional Reading If you want to read more about Beta Finance on CoinMarketCap, click here . What do you think? Any constructive feedback and positive vibes to improve my analysis are welcome. But if you enjoy my chart, please like, comment or follow me. :) Thank you and Happy trading! (*) I do not use Stop-Loss for the simply because that I do not margin trade, and I trade only assets that I do not mind keeping long-term should the price suddenly crash. ------------------------------------------------------ Some of my charts represent actual trades, and some are just paper trading. Check them out! Needless to say, this is not financial advice!
by BitfulMind
11
BETA, pay attention to this trend line!A global trend line has formed on the BETA chart. The price has already tested it several times as resistance. But it is worth pointing out that with each test, the resistance is weakening and could break soon. In the event of a breakdown, there could be a good buying opportunity. 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.
by Yuriy_Bishko
4