BELUSDT trade ideas
BEL Short set up-BEL price action ain't showing weakness, same with BTC could just be a fake short for now
-Could bounce on trendline where previous 2 and 4 found dynamic support
-Finished the first impulse drop (Wave A) anticipating price would take more time to form WAVE B (could be complex)
#DYOR
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
BEL/USDT 1D๐ต #BEL/USDT
Spot (Midterm)
โ
Investment Recommendation
โโโโโโโโโโโโ
๐ต Entry Range : 4.1 - 3.9 - 3.7
๐ด Exit Points : 5 - 6 - 7 - 8 - 9
๐ Stop Loss : No Need
โโโโโโโโโโโโ
โ ๏ธ Risk Level : 5/10
๐ฒ 3 - 5 % Of Total Assets
โโโโโโโโโโโโ
BINANCE: BEL/USDT๐ Pair: BEL/USDT ๐
== SPOT==
โฐ 1400/02/01 โฐ
๐ฐ 21/04/2021 ๐ฐ
Duration:
๐ SCALP - SHORT ๐
Ex: Binance
#153
๐ Buy : 4.25 - 4.40 ๐
๐Sell Targets๐
๐ฏTP1: 4.95 ๐ฅ
๐ฏTP2: 5.45 ๐ฅ
๐ฏTP3: 5.95 ๐ฅ
๐ฏTP4: 6.40 ๐
๐ฏTP5: 6.95 โ๏ธ
๐ฏTP6: 7.50 ๐
๐ฏTP7: 8.00 ๐ฐ
โ๏ธ SL: 3.90 By closing Daily Candle
Price moving inside a big projection and recently broken out of a horizontal level. buying the pull back for this trade. Reminds me $PERL !
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.