Gold Demand Surges in Asia as Local Currencies Weaken the gold market is expected to maintain a soft upward trend. This projection is supported by several factors, including technical indicators showing positive momentum that isn't yet in the overbought zone, suggesting that the path of least resistance is upward.
In the short term, the price of gold is likely to stay around the $2,500 level, with possible resistance at $2,480 and support near $2,430. If there is a significant pullback, it could be viewed as a buying opportunity, especially if prices dip towards these support levels. However, a break below $2,400 could indicate a deeper correction
Overall, the gold market is showing a bullish bias, with the possibility of prices continuing to rise throughout the month, influenced by ongoing geopolitical tensions and economic uncertainties
Bella
Bella Protocol (BEL) completed a setup for upto 87% pumpHi dear friends, hope you are well and welcome to the new trade setup of Bella Protocol (BEL).
Previously we caught nice pump of BEL as below:
On a 4-hr time frame, BEL has completed a bullish Shark move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Watch for Potential ConsolidationBEL 's price movement is hitting a key resistance at the upper Bollinger Band, indicating a temporary ceiling at around 0.7671. The MACD signals continued bullish sentiment, yet traders should be vigilant for any shifts in momentum, with the lower Bollinger Band at 0.7220 poised to offer support. The volume trend will be crucial to watch, as a decrease may precede a pullback, offering opportunities near the SMA at 0.7491.
Bella Protocol (BEL) formed bullish Gartley for upto 52.50% pumpHi friends, hope you are well and welcome to the new trade setup of Bella Protocol (BEL) with US Dollar pair.
On a daily time frame, BEL has formed a bullish Gartley pattern.
As per the above targets, this trade has a profit possibility of 52.50% , and a loss possibility 12%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
BEL/USDT BUYING SETUP (SWING)Buying #BEL/USDT (SWING)
$BEL breakout falling wedge pattern 1h. in 1D timeframe Bel retesting after breakout resistance before. 4H time consolidation make a falling wedge pattern and then low volume when correction this is good movement
we can entry now or wait for retest first
Buy zone : 1.24 - 1.16 - 1.06
Target : 1.39 - 1.6 - 1.9036 - 2.2072 - 2.77 - 3.3
Stop : 0.98
Bella Protocol (BEL) Buy ZoneBella Protocol (BEL) Buy Zone
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BIAS
Mid-Term : Bullish
Risk : High
Zoom out in our current market condition, we can see short-term support retest before an upside continuation.
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$BEL/USDT LONG SETUP
Leverage : x3 - x5
Entry Price : 1.12 - 1.2
TP 1 : 1.25
TP 2 : 1.3
TP 3 : 1.35
TP 4 : 1.43
TP 5 : 1.5
TP 6 : 1.57
TP 7 : 1.625
TP 8 : 1.675
Stop Loss : 1.05
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
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₿ BELLA 1D ₿ : 03.DEC.2021 : $BEL☑️ TP1 Reached 🔥
☑️ Results so far : +12% ✅
It's Still Going on ...
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 03.DEC.2021
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
BEL - potential trade ❗❗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.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
Bella ProtocolBella Protocol is a Beijing-based decentralized finance (DeFi) project. Bella Protocol is building different DeFi products, including 1-Click savings account, lending protocol and automated yield farming tool, to increase DeFi user base.
Rank #436 by Coinmarketcap !!
Marketcap 86M !! - small cap
Traded on binance futures
Resistance level 2.77
RSI -ovesold
Looks like a good project for a pump
Best regards EXCAVO
$BEL/USDT 1D (Binance Futures) Ascending channel on supportBella Protocol is up-trending inside that channel, it is likely to make a massive move-up if bounces on support.
Also, we can see it has broken-out bullish of that falling wedge and is now retesting it!
Current Price= 3.2669
Buy Entry = 3.2400 - 3.0100
Take Profit= 4.0610 | 4.9950 | 7.1170
Stop Loss= 2.499
Risk/Reward= 1:1.5 | 1:2.99 | 1:6.38
Expected Profit= +29.95% | +59.84% | +127.74%
Possible Loss= -20.03%
Fib. Retracement= 0.5 | 0.7862 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 2 months
🆓Bella Protocol/USDT Analysis (8/2) #BEL $BELBEL is still being heavily bought and there is a high probability that it will continue to climb to $3 and $4 zones in this February.
📅NEWS
👉Feb 8 : Flex Savings V2
👉Jun 30 : Bella One-click Product
👉Sept 30 : Bella DeFi Robo-Advisor
📈BUY
-Buy: 2.15-2.25$. SL if B
📉SELL
-Sell: 2.95-3.05$. SL if A
-Sell: 3.90-4.10$. SL if A
♻️BACK-UP
-Sell: 2.15-2.25$ if B. SL if A
-Buy: 1.6-1.7$. SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
BELLA PROTOCOLHi traders!
Bella is a DeFi protocol supported by Binance
bella.fi
coinmarketcap.com
Its really looking strong!
I marked support zonez by color rectangles formed by highest volumes.Price is holding this zones strongly.
DeFi sector is trending on hype,Bel has not moved a lot yet.
Market cap is low.
BELBTC is also looking good.
I think there is a lot of chances to see a rocket move here 📈
Good luck and trade safe!
😎
BELUSDT completing Shark move | Upto 180% expectedOn daily time period chart, the price action of Bella Protocol (BEL) is completing final leg of bullish Shark pattern, and soon it will be entered in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to bullish Shark should be:
Potential reversal or buying zone: $0.7036 to $0.4832
Fibonacci projection or sell zone: $0.9057 to $1.3555
Stop Loss:
The potential reversal zone area that is up to $0.4832 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has a profit possibility of 180% and as per the above-mentioned stop loss, the loss possibility is 32%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
[BELUSDT] Finally time to LONG? BEL has been on a long descending channel for the past couple of weeks and it's about to break.
It's finally showing some bullish signs on RSI and volume is slowly but surely increasing.
Staking on BEL will also stop on 9th October with Binance's Launchpool, which means we can expect more volatility during these days.
Everything else is on the chart.
Not an investment advice, just sharing my thoughts.
Good luck! :)
[BELUSDT] BEL looks great!It looks great to me both short and mid terms!
We will break the descending channel (purple) in the next couple of hours. (15/20% pump if it does)
Then we can expect BEL to touch this resistance line in yellow.
This is not an investment advice, just sharing my thoughts.
Good luck!