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BEAMX / TetherUS

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BEAMXUSDT trade ideas

beam me up scottyTTM squeeze signaling beam is likely getting ready for second leg up to continue trend up. Beam has now one month long consolidation in this current price range, after the previous squeeze & expansion, which made beam reach $1 billion market cap Price targets from trend-based fibonacci extension for now, but I am expecting beam eventually to go near $10 billion market cap during this bull run. Previous price levels for resistances can be seen in merit circle EURONEXT:MC chart. NASDAQ:BEAM aka $BEAMX (binance) aka EURONEXT:MC (merit circle, old ticker)
Long
by rektseppo
2
Beam Token Surges 36% as Merit Circle Network Achieves ATH Beam Token, part of the Merit Circle Network's gaming-focused crypto group, has witnessed a remarkable 36% increase in the past day, coupled with a 25% rise over the week. As the crypto community eagerly watches this ascent, it becomes imperative to delve into the factors behind Beam Token's recent pump and the developments that contribute to its growing prominence. The Beam Network on Avalanche: Merit Circle DAO introduced its Beam network on Avalanche in August 2023, targeting the gaming sector. The latest data from CoinGecko reveals that the BEAM token is now priced at approximately $0.022, inching closer to its all-time high of $0.027 recorded on December 14. The surge coincides with an upswing in the total transactions on the Beam network, hitting a new peak of over 103,000 transactions on a single day in mid-December. Furthermore, more than half a million wallet addresses have engaged with Beam's blockchain since its launch, highlighting the network's growing user base. Sphere NFT Marketplace Expansion: A noteworthy development for Beam is its recent integration of the Polygon-powered Immutable zkEVM blockchain into its ecosystem. The addition extends compatibility to the Sphere NFT marketplace and the broader tech stack offering. Despite Wednesday's price dip following Bitcoin's flash crash, Immutable's IMX token has rebounded by approximately 4% in the past day. This move strengthens Beam's position in the NFT space, showcasing its commitment to expanding the utility of its blockchain. Gaming Catalysts: Merit Circle co-founder Marco van den Heuvel suggests that the recent surge in Beam's transactions can be attributed to the activity generated by "one or two" games that have partially deployed on the Beam network. Games such as Goons of Balatroon and Nekoverse: City of Greed have contributed to the increased network activity. Interestingly, memecoins like BeamCat are also experiencing heightened trading activity, registering over $290,000 in total volume traded in the past 24 hours according to GeckoTerminal data. FOMO Rush and Community Sentiment: One self-described Beam "maxi" speculates that the surge in BEAM token price may be fueled by a "FOMO rush" among investors. In the cryptocurrency realm, "maxis" or "maximalists" are known for their unwavering support of a specific token. This community sentiment, coupled with the uniqueness of Beam's gaming-focused approach, could be driving the token's rapid appreciation. Challenges and Impersonation: Despite the positive developments, Beam has faced challenges, with its official Twitter account recently suspended. Heuvel attributes this to a barrage of reports from fake accounts. Beam account impersonators have also emerged, attempting to scam users. The Merit Circle team is actively addressing these issues, reaching out to Twitter support to resolve the suspension and safeguard the community from potential scams. Conclusion: As Beam Token continues its upward trajectory, fueled by gaming partnerships, NFT marketplace expansion, and community enthusiasm, it stands as a notable player in the evolving crypto landscape. However, challenges such as social media account suspensions and impersonations underscore the need for vigilance in the volatile crypto space. As the Beam community awaits further developments, the token's recent surge raises intriguing questions about the future of gaming-focused cryptocurrencies and their potential impact on the broader blockchain ecosystem.
Long
by DEXWireNews
BEAMX LOOKS BULLISHBEEMX has an ascending structure. If it reaches the green range, we will enter the buy/long position The targets are marked on the picture. Pay attention, we are only looking for buy/long positions on the green range and we will not enter positions in higher areas Closing 1 daily candle below the green range will violate the analysis 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
Long
by behdark
1
BEAM Price Hints At A Breakout Beyond $0.024Current Momentum: BEAM price is showing signs of a bullish reversal, currently trading at $0.02187 with a significant 15% intraday increase. Key Developments: Recent price action hints at a potential breakout rally beyond $0.024, following a bounce back from the 38.20% Fibonacci retracement level. Market Dynamics: The price jump comes amid a broader market pullback, indicating heightened interest from traders. Technical Analysis: MACD Indicator: A potential bullish crossover suggests a trend reversal, aligning with the current uptrend. RSI Indicator: The RSI line moving above the halfway mark supports the bullish trend continuation. Price Outlook: A successful break beyond $0.024 could pave the way for BEAM to target $0.030. Volume Support: The increase in trading volume backs the recovery trend, adding credibility to the potential uptrend. Potential Targets: Following the Fibonacci extension level, the price might aim for $0.030, with a stretch target at $0.035 in a high momentum scenario. Risk Factors: A downturn below $0.020 could trigger a bearish sentiment, leading to a retest of lower support levels.
by Coinpedia-Market-Insight
BEAMX/USDT - : TD Sequential◳◱ On the $BEAMX/ CRYPTOCAP:USDT chart, the Td Sequential pattern suggests a pause in volatility, potentially gearing up for a breakout. Traders might observe resistance around 0.022337 | 0.025321 | 0.031073 and support near 0.016585 | 0.013817 | 0.008065. Entering trades at 0.0173 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: ▣ Rank: N/A ▣ Exchanges: Binance, Huobipro, Gateio, Mexc, Hitbtc ▣ Category/Sector: N/A ▣ Overview: project overview is currently unavailable. I'll try to update this in the upcoming analysis. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.0173 ₮ ▣ 24HVol: 8,405,476.208 ₮ ▣ 24H Chng: -7.437% ▣ 7-Days Chng: N/A ▣ 1-Month Chng: N/A ▣ 3-Months Chng: N/A ◲◰ Pivot Points - Levels : ◥ Resistance: 0.022337 | 0.025321 | 0.031073 ◢ Support: 0.016585 | 0.013817 | 0.008065 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_SELL ◰◲ Technical Indicators Summary : SELL ◲◰ Sharpe Ratios : ▣ Last 30D: N/A ▣ Last 90D: N/A ▣ Last 1-Y: N/A ▣ Last 3-Y: N/A ◲◰ Volatility : ▣ Last 30D: N/A ▣ Last 90D: N/A ▣ Last 1-Y: N/A ▣ Last 3-Y: N/A ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is N/A ▣ Reddit sentiment score is N/A ▣ In-depth BEAMXUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
BEAMXUSDT"As we enter the bullish season, the initial target to aim for is target : 0.25 🎯. This is based on a combination of technical analysis indicators and market trends. However, it's important to approach trading with caution and adapt to changing market conditions. Keep an eye on key support and resistance levels, as well as any significant news or events that may impact the market. Remember to use proper risk management techniques and consider setting profit targets along the way. Happy trading!"
Long
by MKO_Trading
Beam looks OverboughtBEAM/USDT looks Overbought, and it wouldn't surprise me to see a correction. ...................................................................................................................... We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature. and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
by CryptoTrend-Alerts
Beam Your Opportunity to Build Wealth: Unlock Crypto's Hidden Po**Beam (BEAM) Fundamental Analysis** **Overview** Beam is a secure and private cryptocurrency that utilizes MimbleWimble technology to achieve confidential transactions. It is a fork of Grin, another MimbleWimble-based cryptocurrency, but Beam has made several improvements to its privacy features, scalability, and overall usability. Beam is also one of the few cryptocurrencies that supports confidential stablecoins, making it a potential option for use in DeFi applications. **Fundamental Strengths** * **MimbleWimble Privacy:** Beam's MimbleWimble technology ensures that transaction amounts and sender and recipient addresses are not publicly disclosed on the blockchain. This makes Beam transactions more private than those of most other cryptocurrencies. * **Scalability:** Beam is designed to be more scalable than Grin, which means it can handle more transactions with less congestion on the network. This makes Beam more suitable for mainstream adoption. * **Usability:** Beam has a user-friendly wallet and exchange interface that makes it easy to use for both experienced and novice cryptocurrency users. **Recent News** * **Beam Integrates with ZKSync:** Beam announced that it has integrated with ZKSync, a layer-2 scaling solution for Ethereum. This integration will allow Beam users to send and receive Ethereum-based tokens on the Beam blockchain without having to pay Ethereum gas fees. * **Beam Partners with Nervos Network:** Beam has partnered with Nervos Network, a Layer-1 blockchain protocol, to develop confidential stablecoins and other DeFi applications. The partnership will leverage Nervos's secure and scalable platform to bring Beam's privacy features to a broader range of users. * **Beam Launches Confidential Staking:** Beam has launched confidential staking, which allows users to stake their BEAM tokens without revealing their holdings to the public. This makes Beam staking more private and secure than staking on other cryptocurrencies. **Disclaimer** Please note that I am not a financial advisor and this information is not intended to be financial advice. Cryptocurrency investing is a risky investment and you could lose money. Please do your own research before investing in any cryptocurrency.
Long
by MoonTradingForecast
1
BEAMX: A New Star Emerges, Aiming for New Highs! 🚀💫Today, let's shine a spotlight on BEAMX, an emerging star in the crypto galaxy. Despite being a newcomer, it's showcasing unmistakable bullish vibes, setting its sights on the $0.5 milestone. Join me as we explore the promising trajectory of this budding coin! 🌌📈 BEAMX's Stellar Prelude: Genesis of Optimism: Fresh Arrival: BEAMX has recently entered the crypto scene, but its early performance is signaling a promising journey. Bullish Aspirations: With an ambitious aim, BEAMX is eyeing the $0.5 level, showcasing a bullish inclination from the outset. Breaking Free from the Triangle: Chart Dynamics: BEAMX has gracefully broken free from an ascending triangle, symbolizing a powerful bullish breakout. Imbalance Residue: Leaving a notable imbalance on the 4H timeframe, the stage is set for a potential retest and continuation of the upward momentum. Navigating BEAMX's Cosmic Trajectory: Retest Expectation: Anticipated Move: A retest of the breakout level is on the horizon, presenting an entry opportunity for traders. Strategic Outlook: A successful retest may pave the way for a confident push towards the $0.5 target. BEAMX's Advantage: Early Indicators of Strength: Despite its infancy, BEAMX's bullish demeanor signals early strength, attracting attention from traders seeking new opportunities. Strategic Entry Points: Traders can capitalize on the imminent retest, strategically positioning themselves for potential gains as BEAMX embarks on its upward journey. Conclusion: BEAMX, the rising star in the crypto constellation, is proving that a bold entrance can command attention. Keep a watchful eye on the anticipated retest, as it may unlock a pathway for traders to ride the bullish wave towards the coveted $0.5 milestone. May your trades be as stellar as BEAMX's ascent in the crypto cosmos! ❗️Get my 3 crypto trading indicators for FREE! Link below🔑
by AlexWhale