BETA/USDT

Not a financial advice

RSI is approaching an oversolf zone, I would also advise to await for some confirmation but decided to DCA here

I am buying a huge bag of BETA here for a long term holding

Today Fear and Greed index is 10! Buy when everyone is fearful and sell when everyone is greedy

Possible scenario, BETA price might plummet lower, in case if BTC breaks down our 40k support zone

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Just for your information, RSI on a WEEKLY timeframe is now 5! Is it an oversold? :)

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Do you know what happens with the spring when you press on it and release it after? It pumps :)

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3D timeframe's RSI has multiple BULLISH divergences, you know what it means :)

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There were several BULLISH divergences on 4H timeframe, hence we observe some pump now

As for now, we need to await and check how 1D candle gets closed, if it gets engulfed, we will have continuous growth

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Not 100% sure, but those 3D timeframe's BULLISH divergences make me feel that there will be a pump within the next 10 days or so

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Potential Head&Shoulders pattern, if the neck gets broken, then we will visit out 0.38$ zone

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This week is almost over, perhaps the following one will be green and will we see some growth :)

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Potential double bottom on 1D timeframe, needs to check how it gets closed first, however on 4H it is currently oberbought on RSI

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Hope you have re-bought BETA and got extra % to your profit, as for now, again on 4H we are getting overbought and on 1D timeframe the next 50MA is around 0.67$ level, therefore I do not expect it to be broken yet, but let's how it goes and do not forget to set up stop loss orders to lock the profit

Trade closed manually:

Congratulations, if you have managed to earn some funds due to this idea

I have closed my position and will use this capital for investing in different projects