BEAM/BTC BUY/LONG CALL
Lying above strong support . RSI is showing bullish divergence. EMA'S are acting as a solid support. Stochastic is giving a buying signal.Expecting a big upward move from here.
Targets: 970-1150-1300-1500 satoshi
Stop if 1D close below 794 satoshi
Hi dear patrons, hope you are well and welcome to the new update on Beam coin with Bitcoin pair.
Previously we had a nice trade of Beam as below:
Now on a 4-hr time frame, BEAM has formed bullish Gartley pattern. At the moment, after the completion of the last leg the price has slightly moved up. Therefore, we need to wait for some correction to buy within the...
Beam is one of those crypto-coins that spikes hard up and gets pulled back down really quickly, so setting up automatic sells is highly recommendable to make a successful trade unless you can keep a close eye of it. I see this as a good trading opportunity, either buying in slowly already or waiting for a dip to the buy-zone. Setting up sells to the order-block...
Beam is a privacy coin that aims to explore confidential DeFi. It utilizes the Mimblewimble protocol which conceals the values and metadata of transactions, while reducing blockchain bloating and improving scalability. With the latest implementation of LelantusMW it aims to bring privacy and anonymity in all fronts.
BEAM is building privacy-based #DeFi and #NFT products which are confidential, fast, and easy to use. Technically, it forms a bullish descending triangle on the 1D timeframe and holds above a horizontal demand zone with MACD indicating a bullish crossover. Don't forget to build in your position, as quick profit is expected from the coin very soon.
Here we can see that BEAM doing an inverted H&S and EMA 21 + MA 200 Golden Cross on the daily. As announcements are unfolding over the past week such as the new Chrome wallet, upcoming roadmap & NFT marketplace, $BEAM is going to be extremely bullish in the coming days and weeks, if BTC hold.
Here we can see a very nice cup & handle forming on BEAM private cryptocurrency. This crypto have a lot of upside potential because it has been in accumulation for over 3 years and the mcap is very low for what the utility can offer. The end of the cup and handle coincide with the announcement of the long awaited staking feature. To stay conservative, we should...
Entry zone: $0.56 - $0.57
Stop loss: $0.5
1st target: $0.7
Hold target: $1
You can enter with a small amount and trigger a second buy at the stop loss ($0.5). In that case, the stop loss could be around $0.46 but price action must be considered.
Trend Key Points Indicator have been used to draw important key levels and key points.
Beam is showing the sign strength above the key level and the pattern is completed and it is going to break anytime.
This bull run will give a 75% gain of the investment.
It will drop from the True reversal point so there is no reason to hold more than that level.
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This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody... i can...
- Beam BEAM Rank #479 - Coin
- The price recently broked out of Head and Shouolders pattern
- We have a succesful retest of the HaS neckline
- Profit target is 1:1 fib extension
- Bullish volume is higher and RSI is prepared for a big pump very soon
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio...