BEAM in a downward trendchannel
Diupdate
Hello traders,
Here is a chart of BEAM-USDT on the 4 hour chart
We see a huge move from 40% in BEAM. But we can clearly see that we have are a downward trend channel. A breakout above 1.4 USD with a lot of volume could push the price to the top of the downward trend channel.
For a further healthy rise we need an RSI above 60 and good volume otherwise gravity will do its work.
Currently there is resistance through the trend line at 1.4 USD and the moving averages as well at a higher level the top of the downward trendchannel.
Everything will also depend of how Bitcoin develops because this is the leader of the Crypto currencies.
Take care and If you short then clearly place a stop above the trendline. Targets are then the lower trend line at 1 USD.
Here is a chart of BEAM-USDT on the 4 hour chart
We see a huge move from 40% in BEAM. But we can clearly see that we have are a downward trend channel. A breakout above 1.4 USD with a lot of volume could push the price to the top of the downward trend channel.
For a further healthy rise we need an RSI above 60 and good volume otherwise gravity will do its work.
Currently there is resistance through the trend line at 1.4 USD and the moving averages as well at a higher level the top of the downward trendchannel.
Everything will also depend of how Bitcoin develops because this is the leader of the Crypto currencies.
Take care and If you short then clearly place a stop above the trendline. Targets are then the lower trend line at 1 USD.
Komentar
If the horizontal line breaks position is closed. But to go long we need to see a break of the downward trendchannelTrading ditutup: stop tercapai
Beam broke out of the downward trendchannel. Good chance it will now test the old ATH
Komentar
Hello traders,Beam has broken above the resistance of 1.40 and are now in a sideways move to 1.67 for now. Only above that will we test the old ATH
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.