Price is printing on upward direction. 2nd time price has taken support on the uptrend line and consecutive 2 days printing higher high. Today there was upward move with increased volume during opening bell of the market. After that, price has traded in tight range during rest of the day. If there is break out above 746 level with increased volume price may test...
Price has recently taken support from 200DMA on hourly time frame. It has printing upward direction with increased volume. During last hour of closing session price has attempted to breakout the bull flag.
The 150$ area for the ETH seems to be a good spot for building a long position. A series of higher timeframe support confluence is in play over there.
Will wait for the price to get on that point and watch closely for the reaction.
Whether you like it or not, BYND is the first mover in the alternative meat industry.
There is just way too much upside and growth to be captured in this nascent industry.
Future trend toward green environment and sustainability will only push this industry higher.
#1. Test the local resistance one more time and break out of the bull...