Most coins that are listed on Binance have been rocketing up after getting above the Feb 2020 high (in USDT or USD calculated, rather than BTC) with many going up to 5 to 10 times that price.
Expect Beam to do the same. This is one of the few remaining USDT pairs that has not rocketed up.
As many others go up, the market will look for the remaining bargains that have not rocketed up yet (like Beam) and will jump on those.
It might rocket up quickly (red) or pull back to re-test the support.
If it drops below the Feb high support ... dont panic. Just wait it out and wait for the launch
Dont put all of your funds in one basket. Play it safe and spread your bets around multiple coins.
Buy and hold peeps. Buy and hold
Expect Beam to do the same. This is one of the few remaining USDT pairs that has not rocketed up.
As many others go up, the market will look for the remaining bargains that have not rocketed up yet (like Beam) and will jump on those.
It might rocket up quickly (red) or pull back to re-test the support.
If it drops below the Feb high support ... dont panic. Just wait it out and wait for the launch
Dont put all of your funds in one basket. Play it safe and spread your bets around multiple coins.
Buy and hold peeps. Buy and hold
Comment:
Update - looking good
After a healthy pullback to retest the Feb 2020 price (purple line) it is still above it
Most coins have rocketed after above this point.
Still good to buy in if you havent already
Good luck
After a healthy pullback to retest the Feb 2020 price (purple line) it is still above it
Most coins have rocketed after above this point.
Still good to buy in if you havent already
Good luck
Comment:
BEAM is ranked #400 with a market cap of $106 million
This is very good news, because it means BEAM has plenty of room to move up.
To think of it another way - the buy orders required to move the price of a top 10 coin by 1000% requis hundreds or even thousands of times more than it does for BEAM right now. This is why the coins with BEAMS current ranking can move up fast from where it is now.
Many coins have rocketed up more than 10 times from this price point, above the 2020 February high and BEAM is likely to do the same.
Grab some now - its still at a bargain price
This is very good news, because it means BEAM has plenty of room to move up.
To think of it another way - the buy orders required to move the price of a top 10 coin by 1000% requis hundreds or even thousands of times more than it does for BEAM right now. This is why the coins with BEAMS current ranking can move up fast from where it is now.
Many coins have rocketed up more than 10 times from this price point, above the 2020 February high and BEAM is likely to do the same.
Grab some now - its still at a bargain price
Comment:
UPDATE - (The same as some of my other posts)
Still a BUY recommendation
the entire crypto market has dropped.
Keep in mind that similar pullbacks happened into the 2017 bull run followed by the market resuming its move up and making new all time highs
This coins is still a BUY recommendation from me. I expect it to move up when the market resumes moving up after the pullback finishes. This coin is even cheaper than when I first posted. It is at bargain price compared to just a few weeks ago.
Still a BUY recommendation
the entire crypto market has dropped.
Keep in mind that similar pullbacks happened into the 2017 bull run followed by the market resuming its move up and making new all time highs
This coins is still a BUY recommendation from me. I expect it to move up when the market resumes moving up after the pullback finishes. This coin is even cheaper than when I first posted. It is at bargain price compared to just a few weeks ago.
Comment:
Im still keen as beans on BEAM right now
It is 70% under its recent high. That means 250% gain when it restored to that price
It is also 40-50% under the Feb 2020 high so it is a bargain right now
Dont worry about the drop. Look for bargains to pile into ... and BEAM is one of those
Good luck
It is 70% under its recent high. That means 250% gain when it restored to that price
It is also 40-50% under the Feb 2020 high so it is a bargain right now
Dont worry about the drop. Look for bargains to pile into ... and BEAM is one of those
Good luck
The red and green lines are not meant to be exactly where the price will go. Have patience. It could launch in days or it could take a month.
When people look back in 3-6 months at this price they will kick themselves for not buying right now when it was cheap, and before the big launch started.
Get it early and enjoy the ride up