Hello everyone, analyzed the BEAM/USDT pair
There is local accumulation that lasted a very long time (to be exact - 521 trading days),
The price has left this channel of accumulation and its first target will be the storming of the last resistance in the dollar pair, namely the level 0.985 -1 $
On the chart, by tradition, I marked the direction and the approximate course of price movement with arrows. These are two options with different accumulation levels before the breakout.
Therefore, you need to work according to the system, trading wisely and adding positions on pullbacks.
The last and main constraint is the $ 1 level. In a pair with BTC, it is now also close to the main resistance. Running ahead, after fixing, the BEAM has targets of $ 1.5-1.9-2.5-3.9 from above.
main support zone - 0.73-0.86$
Interest has grown since yesterday, the volume for buying has increased in the "order books"
Fibonacci levels coincide with all the levels that I looked at as support and resistance
It makes sense to work in the medium term, since the project is not a scam, and not because the price has returned from the range, but because the project is promising. But I don't know the future, and I don't know what will happen in a minute.
"This is just my opinion, trade with your trading system
Have a nice day and come back again."
Go to my free channel and chat with other traders. Link in the description
Write your opinion, whether there is a place to buy here, and open a long position
There is local accumulation that lasted a very long time (to be exact - 521 trading days),
The price has left this channel of accumulation and its first target will be the storming of the last resistance in the dollar pair, namely the level 0.985 -1 $
On the chart, by tradition, I marked the direction and the approximate course of price movement with arrows. These are two options with different accumulation levels before the breakout.
Therefore, you need to work according to the system, trading wisely and adding positions on pullbacks.
The last and main constraint is the $ 1 level. In a pair with BTC, it is now also close to the main resistance. Running ahead, after fixing, the BEAM has targets of $ 1.5-1.9-2.5-3.9 from above.
main support zone - 0.73-0.86$
Interest has grown since yesterday, the volume for buying has increased in the "order books"
Fibonacci levels coincide with all the levels that I looked at as support and resistance
It makes sense to work in the medium term, since the project is not a scam, and not because the price has returned from the range, but because the project is promising. But I don't know the future, and I don't know what will happen in a minute.
"This is just my opinion, trade with your trading system
Have a nice day and come back again."
Go to my free channel and chat with other traders. Link in the description
Write your opinion, whether there is a place to buy here, and open a long position