BELUSDT → Moving into the realization phase of consolidationBINANCE:BELUSDT feel better than the same BITSTAMP:BTCUSD which is preparing to fall. The weak market and red bitcoin speaks volumes, but at the same time there are coins in the market that can show good potential
On the BINANCE:BELUSDT chart, I pointed out the descending triangle and we see the breakdown of the main scenario and purpose of this pattern. The price is breaking the resistance and trying to form an impulse. The market is moving into the phase of realization of the accumulated potential and only 0.6894 area separates us from the distribution. If this resistance is broken, a rather active bullish impulse to 0.9000 or even to 1.2000 may be formed.
In the near term, the price may move into local consolidation between the previously broken triangle boundary and 0.6894. Another retest of the resistance may lead to its breakout and impulse. The price is testing MA-200. There may be a retest after the pullback.
Support levels: 0.6210, 0.564
Resistance levels: 0.6894, 0.7150.
I expect consolidation and retests of 0.6894. One of the next retests may lead to a breakout of this resistance, which will form an impulse to the above targets.
Regards R. Linda!
BELUSDT trade ideas
Long BelBel is making a solid rebound off a key support level with bullish divergence on the daily chart. The volume surge is substantiating this support zone, with the money flow metrics clearly leaning to the bullish side. The 1.618 fibonacci is my target and the liquidity in that area support it.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
BEL Analysis 09/03/2021we had our Past 3 TPs Achieved and now updating the New Positions.
as you can see it has done its accumulation phase and is ready for Move Up again.
there exist a Hidden Bullish Divergence which is the sign of trend continuation
there are total of 4 TPs Specified with Fibonacci Projection of the Previous impulsive wave.
we get our 3 TP conformation if the 2TP gets triggered by an impulsive wave directly and price does some corrections post it.
BEL ANALYSIS (1D)Hi, dear traders. how are you ? Today we have a viewpoint to SEL/SHORT the BEL symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
BEL: A Comprehensive 4-hour Frame Technical AnalysisHello Traders,
Today's focus is on BEL, a prominent member of the crypto market. At this moment, BEL's market price stands at 0.8777.
Vital Technical Indicators
An examination of BEL reveals several key insights:
Relative Strength Index (RSI) and Stochastic: The RSI is at 69, and the stochastic is at 71. These figures, being close to the overbought threshold, suggest that BEL might be overbought and due for a potential correction.
Bollinger Bands: The current price of BEL lies between the middle (0.7902) and upper (0.9017) Bollinger bands. The lower band is at 0.6788. The proximity to the upper band may suggest an overbought market condition.
Volume Oscillator: The volume oscillator stands at 8.47%, showing a slight increase in buying volume.
MACD: The MACD value is positive at 0.0383, suggesting a possible bullish momentum. However, this bullishness might be questioned, given the high RSI and stochastic values.
Fibonacci Levels: The Fibonacci levels for the 4-hour timeframe stand at 0.7053 (1 Fibonacci), 0.7601 (0.5 Fibonacci), and 0.8149 (0 Fibonacci). These levels could act as potential support or resistance points.
Support and Resistance: There's a support area at 0.8493 and two resistance levels at 0.9253 (local) and 1.0194 (solid). Traders should watch these levels closely.
EMA 100: The 100-period Exponential Moving Average (EMA) is at 0.7242, which is below the current price, serving as a dynamic support level.
Closing Remarks
Given these indicators, traders are advised to closely monitor BEL for potential trading opportunities. The interplay between price action and these technical indicators may provide insights into the future market trends of BEL.
As always, trading is subject to risk. Perform your own research and consider your risk tolerance before making any trading decisions.
Stay tuned for more updates on BEL and other digital currencies. Happy trading!
BEL Talk to me Like Lovers DoAight guys, I was trying not to use to much of the leverage in cross margin but BEL is talking like lovers do.
Breakout on the 2 hr. reformed 0.6652 support. I just want a little 11% at 20x because I cant do that spot money, that money to slow. I posting the coins noone is posting. This is my last post until something else take profit.
Stop 0.6343
BELUSDT → Triangle breakout and retest of trend resistance BELUSDT shows chic bullish dynamics on the background of red falling bitcoin. BEL is currently one of the few coins that feels good enough for the medium term.
In the background of the bearish wedge, the price makes numerous retests to the trend resistance and at the same time the cryptocurrency pair begins to form a consolidation, which takes the shape of the pattern "Triangle".
We observe a triangle breakout and another retest of wedge resistance. If the price manages to break the boundary, BEL / Tether will show great growth of 60% and 120% respectively!
The moving averages act as support, the price is in the risk zone between the two key boundaries. Triangle pattern realization is forming.
Strong support: earlier broken resistance of the pattern; support 0.6580
Strong resistance: downward wedge resistance, 0.8284
I expect that the bulls will be able to consolidate above the triangle and finally break the wedge resistance with the subsequent growth to 1.2790 and to 1.7676
Regards R. Linda!