Beta Finance Deep-Dive + Trade SetupHere we go with today's token deep-dive. This time, I analyzed Beta Finance. Here's what you get:
- About the token + tokenomics
- Chart analysis
- Technical indicators
- Trade setup
Ready? Let's go!
‣ About Beta Finance
Beta Finance is a decentralized finance (DeFi) platform focused on offsetting crypto volatility and enabling market stability.
It allows users to borrow, lend, and short crypto assets through an isolated collateral model, meaning one asset’s risk doesn’t
‣ Tokenomics & Data
BETA is Beta Finance's native utility and governance token.
- CoinMarketCap Rank: 632
- Market Cap: GETTEX:37M
- Volume (24h): $2M
- Total Supply: 1B
- Circulating Supply: 859M
- Latest Price: $0.043
- ATH: $4.63
- ATL: $0.035
‣ Chart Analysis
BETA has been trading in a strong downtrend since March.
As a result, BETA traded at an all-time low at the beginning of August. And even today, the token is only ~20% above its ATL.
Since July, BETA has entered a descending triangle pattern. Typically, this pattern indicates a trend continuation. Accordingly, a break to the downside seems likely.
However, given the current bullish market sentiment, a break to the upside is possible.
‣ Technical Indicators
MACD: Bullish 🟢
RSI: Neutral 🟢
VMA: Neutral 🔵
Triple EMA: Price trades below all EMAs (10/50/100/200) 🔴
ADX: 15, indicating no trend 🔴
‣ Breakout Soon!
Based on the current chart, it is likely that NSE:BETA will soon break out of the pattern.
- The price is very close to the edge of the triangle
- The Bollinger Bands are super-tight, typically indicating an upcoming breakout.
‣ Trade Setup
The trade setup depends on the break out direction. As discussed, both directions are possible.
Bullish Setup
- Entry: Wait for the price to close above the downtrend line and confirm on the daily chart.
- Profit Target: Slightly below $0.06 (~30%).
- Stop Loss: Depending on the entry, slightly below the upper trendline.
Bearish Setup
- Entry: Wait for the price to close and confirm below the support at 0.04.
- Profit Target: ATL at 0.035 (~15%)
- Stop Loss: Slightly above the resistance.
BETAUSD trade ideas
BETA Flashes Bullish Hyper Scalper SignalWhat Happened? 🧐
BETA dropped ~40% after its massive 170% pump. The drop was driven by people taking profits and fueled by the Bitcoin crash.
Latest Performance 📊
Today, BETA does not perform as strongly as many other crypto tokens. Nevertheless, based on technical indicators, it flashed one of the most reliable signals on the 1D chart.
The Signal ⚡️
The Hyper Scalper signal combines several moving averages and the ADX and scans for specific chart patterns. It is mainly used to predict a continuation after a setback.
Backtest & Profit Potential 💰
Since the signal has only appeared once for BETA on the daily chart, backtests aren't reliable. However, the signal has an average reliability of 75%—85% on the daily chart.
The profit potential is calculated at 83%, pointing to the 0.12 area.
BETA/USDT in a Position for Bullish Rally? 👀🚀BETA Analysis💎Paradisers, let's delve into #BETAUSDT, where current market cues are hinting at an optimistic turn from a crucial support zone.
💎An analysis of #BetaFinance's recent market behavior reveals a notable 70% rally from its previous demand zone. Yet, the resilience at the $0.082 support level unveils possibilities for another upward rally.
💎The hurdle of reaching new peaks or outdoing past performances has nurtured a bearish outlook in the short term. However, the pivotal $0.082 threshold for #BETA stands ready to trigger a significant bullish response upon reevaluation.
💎With foresight in our trading arsenal, we've crafted a contingency strategy. Should #BETA retreat below this foundational support, we are set for a bullish resurgence from the subsequent support at $0.067. Acknowledging the critical nature of this level is crucial, as breaching it may herald a more pronounced bearish phase.
💎Ensuring flexibility in your trading strategies and acute market awareness is key, Paradisers. Rest assured, the ParadiseTeam is closely monitoring these movements, poised to steer you through these evolving market conditions.
BETA Play out ChartThe potential movement of Beta Finance is showing a bullish trend after confirming a breakout with a strong green candlestick accompanied by significant trading volume. From a technical standpoint, Beta's movement is expected to be bullish in the coming days with a potential profit target of 18.71% if Beta reaches a price of $0.119. The estimated achievement of this target, if accompanied by strong bullish momentum, may only take a few more days. However, there are some resistance levels to be aware of, such as at $0.1113, and the support level is at $0.1.
The movement of Beta Finance has the potential to be bullish after a confirmed breakout with a strong green candlestick and significant trading volume. Based on technical analysis, Beta Finance is expected to experience an upward movement in the coming days, with a potential profit of approximately 18.71% if Beta reaches a price of $0.119. This target could be achieved within a few days if there is strong and sustained bullish momentum.
$BETA : A Potential 15x Gain$BETA fractals repetition suggest a big move up before a drop to its unknown demand zone.
BETAUSD moonshot trade RR 5:1 Greetings,
After being listed on binance (08-10-21) , beta decreased in price 92% - This is nothing but a moon shot trade on a Wednesday night. I notice the price is bullish as of ichimoku cloud according to a peculiar timeframe (999min
candles), something it has not done since 08 Oct 21.
The drawdown is a sweet fifty percent to calm 240%. This is silly I know.
Isaac.
BETA/USD Main trend. Downward channel. Bowl. Pivot Areas.New Binance coin. After the dump at the listing at the moment there is a price alignment. Potential reversal zone. Schematically showed the trend directions (meaning), in the case of a breakthrough/no breakthrough of important resistance level zones.
Coinmarketcap: Beta Finance
Beta is in a perfect position for upside!!Hello Traders, I have another nice setup. MACD and RSI show me that an impulsive up move could start very soon on daily time frame. Trade safe!