BEL is now near the local trend line. A good buying opportunity will be after a price squeeze and a breakout of the local trend line.
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After a sharp grow today. bel in glut condition now considering volume & rsi.
maybe after completing ascending flag bel start to grow again and targets considering fibo and RESISTANCE line are 4 & 4.45
buy at around 3.25
SL: daily candle under 3.10
TP: first target 4 - second target 4.45
that's just my idea. maybe it will be true or false
Bella Protocol seems to be completing its buy zone consolidation, which has been going on since March 2021.
The price needs to break above the dotted yellow line. The next price target can be a level above $5.82.
If there can be a new higher high, then the next price target can be as high as $20, which also depends on overall market conditions.
On the bearish...
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Signals: Blue -> Green
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BEL breakout the long downtrend and perfectly retested it. BEL is now ready for the next rally. BEL has some good news coming in the upcoming weeks. BEL is the Binance launch pool project and has a good team working on the developments and partnerships of the project.
Buy Zone: $3.8 - $3.95
Target: $4.35 - $4.83 - $5.45 - $5.95 - $6.6 - $7.1 - $7.7 - $8.55 -...