Beam (BEAMBTC) is now starting to move up after a strong correction from February's peak price.
A low was hit in May and now we have a higher low in July... The chart is starting to look good.
With a strong RSI, it is very likely to see prices grow from here on out.
Remember to do your own research and build a plan/strategy before you trade.
-Beam retested the previous swing low support area
-Currently, the price is holding of this level of support
-But on the bigger picture, we can see a descending trendline of resistance
-This will become a barrier in the short term trading
-If we can see a break above this resistance line and hold it
-That is a good Buy signal for potential true reversal...
Hi Crypto Nerds,
Looking at Beambtc real quick. Forming a nice bull flag and probably the biggest one i have seen! Potential returns of 550+ sats (30%+)
RSI @ -90.00 oversold range which is good for entry.
All we need is a turn around with Volume and MACD, but they both sitting at the very bottom ready to go.
Quick and Easy
Keep an eye on this coin:
- If it climbs above the right shoulder, it will moon!
- If it falls below the neckline, the lower edge of the blue wedge could be the next stop.
- keep in mind that "falling wedge" is a bullish pattern, so the bullish scenario is more possible
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#BEAMUSDT TA Update:-
#BEAM Looks good in USDT pair also.
I am average buying some at $0.078
And for safe zone placing stop loss at $0.428
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-Got rejected by the downward trendline resistance
-The price is back to the previous consolidation range
-If this Key support area will hold for the next few days
-It will likely reattempt to break the resistance line
-Upside potential is up to 653 sat or higher
-Bearish scenario, daily candle close below the upward trendline
BEAM Price Has been Falling From Last 10 Months & Now It Looks like Bottomed out & Almost Ready for Bullish Move.
Volume has been Increasing from last few Days (Bullish Sign)
At the moment, Facing Major Downtrend Resistance & I'm Sure this Time Bulls Cleared it & Expecting Strong Bullish Move.
Major Resistance Area : 580-590 sats
✅In this video, we talked about BEAM.
I really enjoyed making this video, I hope you as well. 🙏
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