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BEL

BEL/BTC (Bear Break?)💎Technical Analysis Summary💎 BINANCE: BELBTC -BEL broke the major support at the 2100s sat range -I recommend reducing the risk or close Buy positions -Because there is no valid strong support until 7k sat area -I don't advice to catch a falling knife here -Wait for price discover or reversal signals `````````````````````````````````````````````` Trading Involves High Risk Not Financial Advice Please Exercise Risk Management `````````````````````````````````````````````` If You Like My Daily Published Ideas A little Help By Supporting My Channel Through Leaving A Thumbs Up, Comment & Follow Happy Trading! --> Thank You! :) ``````````````````````````````````````````````
by PolarHusk
4
BEL/BTC (Uptrend Reversal Confirmed)BINANCE: BELBTC -BEL coin confirmed the Double Bottom reversal pattern after breaking above 50ma -On the 1H chart, we can see a Bullish retest of previous resistance turned support -The price is now touching the 50k sat area and might see another leg up -This new uptrend is followed with strong volume plus the RSI is above 70 level -Indicating strong Buyers keeping the price above average -I don't recommend buying at market price because the risk to reward is not good -I would rather look for another coin or wait for a proper pullback entry `````````````````````````````````````````````` Trading Involves High Risk Not Financial Advice Please Exercise Risk Management `````````````````````````````````````````````` If You Like My Daily Published Ideas A little Help By Supporting My Channel Through Leaving A Thumbs Up, Comment & Follow Happy Trading! --> Thank You! :) ``````````````````````````````````````````````
by PolarHusk
13
BNB. 4h. High probability of the fall to $25.The information background around BNB staking did its part and heated up the coin price very well. When the price of BNB rose above $23.96 , the long scenario became active, which clearly worked out in our previous idea . + 33% for 3 days isnot so bad) If the cost of BNB does not rise above $31.5 it will be an ideal point for a short with a stop $32.5 The first take profit should be sought around $25. The final point of the fall is $20 . From there, this week's speed march up began. The last large and active buyers were also observed there. _________________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each " like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
Short
by P_S_trade
3
BNB 1D. Will the news about BNB staking keep off the $14 test?On 6 September, Binance announced the possibility of participating in BNB staking , which caused hype and abnormal coin buy out during the day (compared to other altcoins that day) Users will be able to placec BNB, BUSD or ARPA in three separate BEL cultivation pools for 30 days starting from 9 September. On 16 September, Binance will open token trading in pairs with BTC , BNB, BUSD and USDT. Bella Protocol was created by the ARPA project team. It is positioned as an Aggregated User Interface for existing DeFi protocols. In August, Bella Protocol raised a total $4.5 million in a private token sale of 6% BEL fees. The selling price was $0.75 per coin. Several factors to consider: an unknown number of staking participants, the more participants the less the reward for everyone in the form of BEL coin trades will begin as early as 16 September and it is not known what the situation will be on the crypto market, perhaps the fall will not be covered by bonuses in the form of BEL coins, since the price of future trades is not known it is another DeFi project that can be pumped up a lot and the BEL coin will be much more expensive than the previous $0.75 staking participants can pick up their BNB coins at any time and merge in the market. Technical analysis An active buy out on 06.09 with high volumes did not receive support either on 07.09 or 08.09, trading volumes began to decline - it confirms the manipulative growth. Moreover, daily candles on 06.09 and 07.09 formed a classic reversal price pattern "Hangman". Therefore, we believe that the long scenario only after fixing above $23.96 . In all other cases - short , with global targets down $16.50-16.60 and $14.10-14.26. __________________________________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
Short
by P_S_trade