BEAMUSDT
BEAM/USDT (Double Bottom Pattern?)💎Technical Analysis Summary💎
BINANCE: BEAMUSDT
-BEAM may have a potential reversal pattern in the weekly chart
-We can also see the volume is showing signs of buying a present
-The only issue now is the long-term trendline resistance
-Which keeps the price pushing down every time it is tested
-If we can see a good clean breakout above this trendline
-The chance it will reverse and go higher will increase
-The potential upside targets area up to 1.1 dollars
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BEAM/USD #BullishTriple bottom on the hourly chart
#bullish pattern on the daily chart as well!
Lets see how this one plays out
#Beam
BEAM IS ABOUT TO MOON!!BEAM is about to break out
ENTRY 0.285-0.31
TP-0.35
0.45
0.60
SL 10% tight sl
BEAM Start moving after Bullish Divergence - BEAMBTC BEAMUSDTBEAM Start moving after Bullish Divergence - BEAMBTC BEAMUSDT
✳️Beam/USDT (28/10) #BEAM $BEAM #BEAMUSDTBEAM is in a very strong downtrend and is likely to drop further over the next few days.
This downtrend can be so terrible that we can hardly imagine the target towards $0.05-0.07 zone.
📈BUY- LONG Strategy
- Wait to buy at 0.05-0.07$
📉SELL-SHORT Strategy
- Sell as close to $0.25-0.27 as possible
♻️BACK-UP Plan
- If BEAM rebounds and closes a 1D candle above $0.27 and the target target is the $0.45 zone
BEAM Found a New SupportBEAMBTC is Going for a Strong Support Zone at 0.00000500 Sats
❌MOM: Bearish Momentum
❌SMA: Price Below SMA Bearish
❌ADI: -DI > +DI Bearish
✅MACD: Bullish
❌PSAR: Bearish
Support And Resistance
S: 0.00000500
S: 0.00001710
R: 0.00001890
R: 0.00001970
R: 0.00002070
R: 0.00002210
R: 0.00002310
Volatility is moderately low
⚪️RSI:No divergences
⚪️MFI:No divergence
⚪️FVE: No divergence
⚪️Volume: No Trend or volume confirms trend
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Do you're own Research
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best place to buy beam ?reaction to major support (green zone )is best place to buy beam for midterm , price is on major support right now , wait for come out of support in dailty , if major support fail beam will be dead
BEAMUSDT AnalysisAs you can see, EngineeringRobo and I are bearish at the moment.
If you are currently holding BEAM at the moment, you should likely sell right away to reduce potential losses.
If you are planning to buy, look out for Engineering Robo Buy Signals, or you can also buy if candles break the bottom Bollinger Band.
No matter which level you are buying, watch EngineeringRobo signals carefully. If you're interested in using EngineeringRobo, DM me!
BEAMUSDT AnalysisAs of now, I'm bearish since there is a SELL 2 signal present.
Also, the candles are below the resistance level (0.54). So, I don't think this is a good time to buy right now.
You can buy when there's a BUY signal from EngineeringRobo or you can wait for candles to open-close above the resistance level (0.54).
After you buy, watch out for EngineeringRobo's SELL signals to sell.
BEAMBTCBinance doesn't have full chart of this coin. We analyzed the chart based on coinmarketcap. you can see the full chart and whole pattern in the bellow link :
charts.cointrader.pro
#BEAM Breakout Soon We expect that the price has reached the bottom and will start a strong rise
Don't forget about risk management
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BEAM/BTC (Potential Double Bottom?)BEAM/BTC
-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 form
-For now, it is likely to trade inside this triangle pattern
-enable your alerts and add this coin to your watch list
Beam: falling wedge and H&S patternsKeep 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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