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Now, let’s dive into this chart analysis:
BEAMX has recently broken above the resistance trendline and is hovering near our accumulation range between $0.01399 and $0.01698. A retest is likely after a clean breakout above the 50 EMA, which could present a buying opportunity within the accumulation range.
The dotted horizontal lines represent the resistance levels that BEAMX will test as the price rises.
Key levels:
- Confirmation: Breakout above 50EMA & Resistance trendline.
- Accumulation Range: $0.01399-$0.01698.
- Lower Support: $0.01093.
- Primary Resistance: $0.01964.
- Targets: $0.01964, $0.02355, $0.03067, $0.04350.
DYOR, NFA.
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