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!
BELUSDT trade ideas
BELUSDT at demand zone but may visit weekly supportThe price has been heading towards the weekly support WS1. However, the current price level is also a good demand zone as evident from the chart. The price has reversed multiple occasions from the current level. Anyways, the safer bet is the long from WS1 zone. However, the current level is not bad for a quick long attempt.
Bella Protocol (BEL) formed bullish Gartley upto 23.50% pumpHi dear friends, hope you are well and welcome to the new trade setup of Bella Protocol (BEL) with US Dollar pair.
On a 4-hr time frame, BEL has formed a bullish Gartley move for next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
BEL have bearish triangleThe coin has formed a strong 4H triangle, locally there is a descending structure after the next touch to the resistance, a noticeable drop in volumes and the lack of buyer's reaction to support, there is a cascade of minimums below which I expect to see the participants' feet for a good continuation of the fall, entering the breakdown of the formation with an increase in seller activity
BEL/USDT looking for long Hey, guys ✌️
Next one we would like to talk about is going to be BEL/USDT pair. We see that price is having some doubts of moving any way but after that massive push the correction for this coin seems to come to end. Waiting for additional confirmations before entering here!
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Yours Sincerely,
Swallow Team
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
BELUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for BELUSDT
In the current chart, R1 and R2 are the resistance area which contains the unsuccessful attempts of price to rise. S2 used to be a resistance area. And S1 is our long-term support line at the bottom including their well support of price at several points. At the present, the price had a decline and entered the area below S1 and we see its fluctuation at this point. After reaching the area, we will predict the price to continue the decline and touch S2. This point would be considered a good area for putting sale orders. Then via some rising signs to receive, an increase is waiting for the price to touch R1 or more besides the activation of the long position of our chart. There is a possibility of more decline when the price falls below S2 area and more fall would take place for the price downward to lower amounts. We recommend you to have every piece of information and idea via our analyses for receiving more profitable trades.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
BELUSDT is creating the pennantBELUSDT is currently trading at a crucial point, with the price testing the key level of 0.63$ on the daily chart .
The formation of a pennant below the daily resistance suggests a consolidation in price action.
The key level, pennant , and ascending channel all play a crucial role in determining the future direction of the price.
According to Plancton's Rules, a successful breakout from these technical levels could signal a potential long position opportunity.
Stay tuned for further updates on BELUSDT.
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐