Small bean - big gains

Weekly chart shows a nice tradition of profitable pumps. According to cycles theory we might be in the beginning of a new one. The price bounced of higher support level than previous lowest and goes up.

While on a weekly chart trend reversal is not that clear, day chart looks more positive. Doted SR lines are based on day chart while solid on weekly. I will not draw any other lines, as these ones are the main.

Current pump most probably won’t get through 50 resistance. Better not, as in this case the price may form support at 44-47. This area accumulated a lot of volume and should be a good one to start a new wave that will have enough momentum to reach the targets. If it falls below 44 it won’t be that interesting.

BitBean is a fast growing coin so I expect it to reach targets 60, 80 and 100 pretty fast. Supported by BTC growth (if) it may take 3-6 days to reach the last target.

N.B. I'm not a financial advisor. This is for educational purposes only.
Comment: Bounced from 41 again. Very nice. If there will be any start of altseason than this coin is still looking very proising.
Comment: Currently at 47. Could have been higher but yesterday BTC fall dumped the BitBean as well. If support holds the pressure price is entering Ichimoku cloud with wide open horizons for grow. If I wasn't 70% sure that BTC will fall deeper I would advise buying that coin. But at this moment I'm waiting for the King situation to resolve and advise you to do the same. At least don't go into mid/long term investments. Prices may be dumped lower.

Resistance at 55 tested second time. Getting weaker. Buy zone moved to 45-46.
Excellent analysis, man. Clear and concise. Looks good to me, too.
+1 Reply
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