BEL/USDT Break out the key resistance area. Bullish Momentum ??💎 BEL has become a significant focus in the financial market, having achieved a breakout from a key resistance area. It's currently in the midst of a retesting phase. If BEL exhibits a positive response during this phase, marked by bullish rejections and a bounce from the current level, the probability it could continue its upward trajectory toward our identified strong resistance area.
💎 However, if BEL fails to demonstrate a rebound from this level, it might suggest a false breakout. Such a scenario could lead to a reversal in BEL's trend, with the price potentially moving back down towards the demand area.
💎 The demand zone is pivotal for BEL. A strong recovery in this area is crucial, as failing to hold here could confirm a shift back to a bearish trend. If BEL breaks down from the demand area, it's likely to head towards the strong support area.
Belusdt
BEL ANALYSIS🔮 #BEL Analysis 💰💰
🌟🚀 #BEL was trading in a Symmetrical Triangle Pattern. There was a breakout in #BEL but the price is currently trading in a same range. If thr price closes above $0.7200 then we could see a bullish move. 🚀🚀
🔖 Current Price: $0.6985
⏳️ Target Price: $1.2700
⁉️ What to do?
- We have marked some crucial levels in the chart. We can trade according to the chart and make some profits in #BEL. 🚀💸
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#BEL #Cryptocurrency #DYOR
BEL/USDT Ready for an Explosive Journey? 👀🚀 BEL Analysis💎 Paradisers, turn your attention to BELUSDT as it offers a compelling trading opportunity. The asset is moving within a descending channel, hinting at a possible upward movement from a critical support level.
💎 Over the recent month, BellaProtocol has consistently followed its channel pattern. Now at a vital support level of $0.5179, there's a significant possibility of a bullish reversal that may lead to a breakout from the channel.
💎 This perspective is supported by VRVP analysis, indicating that previous visits to key support levels often result in strong bullish trends. If this upward movement persists, BEL is likely to aim for resistance levels around $1.01.
💎 Monitoring BEL's performance is essential. A drop below the current support level would necessitate a major reevaluation of our trading strategy. This change could signal challenges in sustaining the bullish trend, requiring a recalibration of strategies to adapt to the evolving market dynamics.
💎 Stay alert and ready, Paradisers. Your ParadiseTeam is dedicated to offering in-depth analysis and advice, ensuring you navigate the markets with expertise and confidence.
BELUSDT Primed for a Major Surge - Eyeing a 150% JumpAttention, crypto enthusiasts! We're closely monitoring BELUSDT.P on Binance, and it's showing all the right signals for an imminent pump. The coin seems to be gathering momentum, poised for a significant upward trajectory. A critical observation is the recent breakout from a triangular pattern, a classic bullish indicator. This development heightens the likelihood of a substantial rally. If the momentum continues as anticipated, we're looking at a potential 150% increase. What are your thoughts on this coin? Are you as optimistic about its potential surge as we are? Let's discuss and navigate this exciting opportunity together!
How Japanese Housewives Outsmarted Global Finance (documentary)July 1st, 1999 the world was buzzing about the New Millennium the.com bubble was nearing its peak and the Euro had just been introduced but in Japan, a quiet Revolution was starting to take place, a revolution that would change the landscape of global Finance in ways no one could have predicted.
In homes across the country, a group of ordinary housewives in Japan began to venture into a world ruled by Wall Street tycoons and international banking Giants we call them the Mrs. Watanabe this is motivated by a desire to protect their families armed with nothing more than
personal computers and an unyielding resolve the Mrs. Watanabes shook the global financial markets from their kitchen tables forever.
Imagine if we could go back in time to the late 1980s Japan's economy was booming its economy was so strong it was second only to the Colossal United States this was especially true in the world of real estate and the stock market where prices were Sky High but as the saying goes what goes up must come down. when the 1990s rolled in Japan's economic bubble popped the country's real estate and stock markets collapsed, wiping out trillions of yen in wealth almost overnight. suddenly the economic Powerhouse was brought to its knees and this crisis marked the start of what is now known as Japan's lost decade. In an effort to get the economy back on
track, the Bank of Japan decided to lower interest rates. Interest rates are the price you pay to borrow money, when they're high it costs a lot to borrow so people and businesses decide to save their money instead when they're low it's cheaper to borrow encouraging people in businesses to spend and stimulate the economy but even with these low-interest rates the Japanese economy was still struggling and regular people weren't getting much return on their Savings in Japanese Banks. it was during these tough times that something unexpected started to happen in Tokyo, a city that never sleeps a surprising force was on the rise not in the fancy offices full of businessmen but in the homes of Ordinary People Mrs. Watanabe. who exactly is Mrs. Watanabe? well she doesn't really exist not as a single person at least. in Japan, Mrs Watanabe is like John Doe or Average Joe in English. it's the fifth most common surname in
Japan and is used to represent an everyday person. in this case, the average Japanese housewife women is in charge of household finances in Japanese Society so they notice the low growth of their Savings in Japanese Banks, looking for better options they started to explore Beyond Japan their search Led them to the fast-paced world of foreign exchange or Forex Trading, where they could trade different currencies and potentially make a profit. over a million of these women began speculating in financial markets to increase their family savings leading to the emergence of the Mrs Watanabe movement but little did they know what would happen next.
now imagine you're a Japanese housewife. you're in charge of the household finances and you've got money to invest but when you look around there are no attractive options at home. the interest rates are so low that leaving your money in a savings account feels like letting it gather dust it's not getting your savings anywhere this is where Mrs. Watanabe found herself. her savings were growing too slowly in Japan's Banks so she decided to do something Innovative she thought why not borrow money here in Japan where it's cheap then lend it out in a country where I can get a higher interest. this idea is what we call the carry trade and that's precisely what Mrs Watanabe did. In a carry trade, you borrow money in a currency with a low-interest rate like The yen and then use that money to invest in a different currency that offers a higher interest rate like the Australian dollar. you get to pocket the difference of the interest you get from your deposit in the foreign Bank. Imagine living in a country where fruits are the currency for every 100 apples you deposit in the Apple City Bank they reward you with one extra Apple each year but then you spot that the Orange, City Bank gives out five extra oranges annually for every 100 oranges deposited so you decide to swap your apples for oranges pocketing those extra oranges each year so she borrowed Japanese Yen at low interest and changed them into a
currency where the interest was high so she could earn more the difference in interest rates, was her profit and just like that Mrs. Watanabe found herself at the center of a financial Revolution right from her kitchen table. this marked the birth of Mrs Watanabe's carry trade phenomenon, a Savvy financial maneuver that would soon attract Global attention.
She has been living the good life with the money from the carry trade and this wasn't just a few people the word spread and soon after thousands of Mrs. Watanabe across Japan were doing the same thing, the carry trade was the hottest ticket in town and it seemed like these good times would never end.
According to the Financial Times, more than half of Japanese household assets are cash and Bank deposits, this is unusually high since cash only represents 14 percent of Americans' household assets and 37 percent of Europeans but there's no such thing as zero-risk profits just like the highest swing in the playground can give you the best ride it can also be the scariest when things go wrong.
In 1998 a storm hit the Global Financial Market, a storm called the Russian financial crisis. Russia defaulted on its debts and created a massive earthquake for the entire Global Financial system. Remember the carry trade well here's the downside of it if the Yen's value Rises against
the currency, Mrs. Watanabe has put her money into repaying the borrowed Yen would lead to losses, and the Chagrin of Mrs. Watanabe that's precisely what happened when the Russian financial crisis hit investors got scared they rushed to pull their money out of risky Investments and put it in safer places one of those safer places was the Japanese Yen as more and more people bought Yen its value went up. her winning lottery ticket turned into a ticking time bomb as the Yen surged in value it was more expensive for her to repay what she had borrowed.
The Russian crisis turned the tables she suddenly was in the eye of the storm and her plans for healthy returns were Swept Away by the unexpected surge in the Yen's value. the gap between interest rates shrank, and the Russian financial crisis was a chilling reminder that even the best strategies can falter it was a wake-up call for Mrs. Watanabe and all the other carry Traders out there, reminding them that their business was not at all risk-free.
In the aftermath of the Russian financial crisis, Mrs Watanabe and others involved in the carry trade were left licking their wounds meanwhile back in Japan, the government was dealing with
its own economic challenges even after being the world's first country to introduce a zero-interest rate policy in April 1999. Japan was still facing a new monster deflation. deflation is when the overall level of prices in an economy decreases incentivizing people not to spend their money by delaying their purchases because they expect prices to fall further. In response to this in 2001, The Bank of Japan decided to take another bold step to fight this deflation. it became the first country ever to introduce a policy known as quantitative easing or QE for short.
this practice has since been adopted by other central banks worldwide, particularly during the 2008 financial Crisis and more recently during the pandemic. in simple terms, QE is when a
central bank like the Bank of Japan creates new money and uses it to buy government bonds or a title where the government promises to pay back the borrowed money at a certain time and
with a certain interest rate, that is fixed during the creation of the bond. this floods the economy with money. lowers interest rates even further and encourages people and businesses to borrow and spend it's like adding fuel to a fire to make it burn brighter for Mrs Watanabe this was a double-edged sword on one hand the even lower interest rates in Japan meant that the potential profits from the carry trade were higher and on the other hand the risks associated with the carry trade were still fresh in her mind. the introduction of quantitative easing was
a defining moment in Japan's economic history it represented a significant shift in the Bank of Japan's approach to managing the economy and for our Mrs Watanabe, it was yet another twist in her financial Journey as we entered the New Millennium. Japan is still working hard to fix its economic problems yet even with all the risks the carry trade was still attractive to many
Japanese retail investors. the potential for more profits is too hard to ignore, especially now that the yen is cheaper to borrow thanks to the Bank of Japan's quantitative easing policy.
around 2005 a significant number of Japanese housewives ventured into online currency trading and the term Mrs Watanabe started to become really popular around the world. the typical Mrs Watanabe was in her mid-30s computer savvy known in Japan as clickety-clicks and often traded foreign exchange markets using her own money, Family Savings or borrowed cash via margin accounts, many of them began with Forex Trading because the transactions were easy for a beginner investor to understand at that time the media was filled with stories about the so-called Real Housewives of Japan.
The New York Times interviewed a number of middle-class Japanese Homemakers who Moonlight as amateur currency speculators in their 2007 story. The Times went on to explain tens of thousands of married Japanese women ventured into online currency trading in the last year and a half playing the markets between household chores or after tucking the children
into bed, while the overwhelmingly male world of Traders and investors here mocked them
as kimono-clad. Mrs. Watanabes these women collectively emerged as a powerful force
using Japan's vast wealth to sway prices and confound economists to the point, where their carry trade strategy caught the attention of way bigger fish. hedge funds and Banks entered the game. when they understood the process of borrowing from countries with low exchange rates and investing in countries with high exchange rates, especially the Australian and U.S dollar. this strategy has remained profitable. despite academic literature that should have arbitrated away this free lunch, as time went by many new actors entered the market. so many in fact that it started to get Global attention the attention, was not all positive though.
Some financial experts warned of the risks Mrs. Watanabes was taking. they worried about what would happen if another financial crisis caused a rapid unwinding of carry trades just like what
happened during the Russian financial crisis, for that reason in 2006 the Bank of Japan voted the end of quantitative easing and began to move away from its zero interest rate policy
increasing interest rates slowly, this shift to reduces the appeal of the Yen carry trade as the cost of borrowing in Yen would increase. the goal was to make the Yen rise and the carry trade less attractive and riskier a rising Yen would make it more expensive to pay back these loans at the same time that the yield differential or potential profit would narrow if Japanese rates rise.
which led Dennis Gartman editor and publisher of the Gartman Letter of Virginia-based investment advisory service at that time to say the unwinding of such enormous positions
shall either be done slowly or over a great deal of time and likely in tears or it shall be done swiftly massively and accompanied not only by tears but also by a great deal of pain for now however Mrs. Watanabe was enjoying her moment in the spotlight her story was an example of how ordinary people using their savings and a bit of risk-taking could make waves in the
Global Financial Market but as they would soon find out a huge financial storm way bigger than anything they've experienced so far was starting to form on the horizon.
2008 was a tumultuous year for the economy what the heck is going on down? here I don't know, believe this downturn will be the most severe since the recession of the early 1980s. the 2008 financial crisis was bigger than anything Mrs Watanabe had faced before. the crisis started in the United States with the collapse of Lehman Brothers' massive Investment Bank as this giant
Investment Bank crumbled. Global Financial markets spiraled down sinking many economies across the globe into a deep recession. just like during the Russian financial crisis worldwide investors shaken by the turmoil scrambled for safety they pulled their money out of risky Investments and rushed to buy safer assets including you guessed it the familiar Japanese Yen
again as demand for the Yen Rose its value shot up too. for Mrs Watanabe this was a case of deja vu the rising Yen meant paying back her borrowed Yen for carry trades would cost her more in the face of this reality carrytrade started to unravel rapidly. the Mrs. Watanabes in a state of panic, rushed to escape their positions and it wasn't just Mrs Watanabe, thousands of retail investors across Japan who had once enjoyed the profits of the carry trade found themselves facing significant losses. the magic money making machine had turned into a nightmare. many amateur Traders suffered huge and sudden losses as they learned that while the transactions may be simple, the global macroeconomic forces affecting foreign exchange markets are the complete opposite.
one woman interviewed by the times lost nearly one hundred thousand dollars. her family's entire Savings in just one week. the 2008 Global financial crisis was a brutal wake-up call about the risks tied to the carry trade it served as a sobering experience for Mrs Watanabe and
her fellow Traders making their time in the Global Spotlight feel like a distant past. the crisis also marked a turning point. it was the moment when the world truly realized how interconnected our Global Financial system is and how quickly a crisis in one country can spread to others but Mrs Watanabe was not one to be easily deterred, despite the losses they continue to trade with many keeping their activities secret due to cultural attitudes towards money earned through Trading. she learned from these experiences and instead of retreating she became more knowledgeable and disciplined in her investing strategies
in the aftermath of the crisis Japanese retail investors including Mrs Watanabe began reorienting their financial compasses. they moved away from carry trades and started to explore new ways to invest their money day trading was one of these new avenues. with carry trades, Mrs Watanabe was thinking long term but that wasn't the case anymore with day trading she became way more aggressive in her strategy as the New York Times explained one reason
Japan's Homemakers can move markets is that they hold the purse strings of the
nation's 12.5 trillion dollars in household savings for more than a decade that money languished in Banks here at low-interest rates.
day trading provided Mrs Watanabe with the opportunity to exercise a level of financial autonomy that was often lacking in traditional work roles, leveraging the nation's household
savings to move markets and generate more income for her savings was a significant shift from her earlier the strategy of carrying trades, where she had to wait for profits to roll in
several women traders, who really put Japanese home trading on the map emerged.
during this period, author of I Like Stocks and creator of a Nintendo DS investment game who made significant strides in Japanese home trading Yukiko Ikibi author of The Secret of FX, who found success. earning some 4 million dollars trading commodity, Futures and currencies over three years and mayumi Tori a single mom who created a support group called the FX Beauties
club and also authored a book of the same name. Mrs watanabe's shift from carry trading to day trading wasn't an isolated incident it was part of a larger Trend in Japan and in fact around
the world.
day trading was on the rise and Retail investors like Mrs Watanabe were leading the charge how great question well there were a few reasons first the technology needed for day trading had become widely available with a computer and an internet connection anyone could trade
from the comfort of their own home. second, there were new educational resources available for online courses, webinars and tutorials taught people how to day trade.
this new chapter in Mrs watanabe's story showed that she was not just a one-trick pony, she was a versatile player in the world of Finance. day trading had its own set of challenges and risks but it also came with fresh opportunities.
fast forward to 2013 and the Japanese economy is at a Crossroads. the national debt to GDP ratio is at 230 percent, the highest among developed countries for almost two decades. now in Japan, deflation has been rampant the prices and wages kept dropping, to avoid ending up like Europe which is battling serious debt issues. Japan needed extreme Solutions. in December 2012 Shinzo Abe became, Japan's prime minister. he launched an ambitious Plan called Abenomics which had several strategies but two main ones were-
1. monetary stimulus, the bank of Japan was instructed to print more money to stop deflation until inflation hits two percent a rate. many economists argue to be optimal, a little inflation would stimulate the economy to start spending again and attract more investment
2. fiscal stimulus the government to decided to spend as much money as
possible on things like schools' health care and infrastructure. the aim is to create jobs and stimulate construction encourages businesses to grow and hopefully boost the economy.
initially, abonomics seemed successful. Japan's stock market the Nikkei went up by 30 percent in the first three months of a Bay's mandate. in March 2013 the Financial Times of London wrote a welcome back Mrs. Watanabe as the effects of abenomics start to trickle down to Consumers and private investors in the world's third-largest economy and AS Global recovery hopes brighten this can't. player of global currencies and interest rates have begun to stir once more.
by late May 2013, however the Japanese stock market took a huge tumble and is
struggling to recover. many blame Mrs Watanabe for cashing out on the quick profits she earned over the past few months while the stock market climbed. at that time many Finance people
around the world were closely following Mrs Watanabe's Behavior, does she know something about the stock market or the future of Abenomics that the rest of the world doesn't as we mentioned earlier more than half of Japanese household assets are cash and Bank deposits in a
deflationary environment it's completely logical for Mrs. Watanabe to preserve her cash instead of using it simply because if prices are falling her cash could buy more next week than it could this week so it's best to hang on to it if abenomics works as planned inflation will make prices go up and this might encourage Mrs. Watanabe to start spending her saved money she could decide to go shopping which is what Mr Abe hopes for as this would help local businesses and create jobs also if interest rates stay low the chance to earn more returns might draw Mrs Watanabe back to the stock market. at that time Japan's economy was bigger than Germany's and Italy's combined so whatever happens in Japan will definitely affects other places that's precisely the reason why so many Financial actors paid close attention to Mrs Watanabe, how she manages her money and whether she chooses to spend save or invest will give big hints about what might happen in global markets in the coming months and years the power of the
purse has never been more significant. fast forward to today Mrs Watanabe hasgone through quite a journey she's beena budget manager a carry Trader, a day trader and an icon in the financial World she's weathered Financial crises and adapted to the changing market conditions in today's Financial landscape Mrs Watanabe remains a force to reckon with the proliferation of
digital platforms and the democratization of financial markets have made it easier than ever for retail investors like Mrs. Watanabe to participate in day trading. it's no longer an activity reserved for professional traders in big Financial firms. anyone with a computer an internet
connection and a bit of knowledge can get involved and Mrs Watanabe with her years of
experience and financial instincts is right in the thick of it.
in the end the story of, Mrs Watanabe is about more than just Finance. it's about resilience
adaptability and the courage to take risks it's about Ordinary People Making extraordinary impacts and most of all it's about how anyone even a humble housewife managing her family budget can become a player on the Global Financial stage, so what's next for Mrs Watanabe? as
technology continues to advance new tools and platforms are emerging that make trading even more accessible with apps and online platforms trading is becoming something that anyone can do anywhere anytime at the same time. markets are becoming more volatile, political tensions, economic uncertainties and Global events are causing rapid fluctuations in currency values for day Traders like Mrs. Watanabe. this volatility can be both a challenge and an opportunity
and so as we close this chapter on Mrs watanabe's Journey we're left with a sense of admiration for this everyday housewife who dared to venture into the world of global finance and in doing so change the game forever
thank you for reading
kindly follow us and share our content
regards- team fortune
BELUSDTThis is a 1D frame analysis for BELUSDT The price has been following our previous analysis and is currently nearing a resistance area and supply. If we can see a bullish price that can hold above our first resistance line, it can start to move towards our second resistance line. However, keep in mind that if the price cannot hold above our first resistance line, it may start to move towards our support line again.
BELUSDTThis is a 1D frame analysis for BELUSDT Analysis of the crypto market shows that the price is currently retesting or pulling back to the neckline as seen. After executing the cup and handle pattern, the price has experienced a good uptrend and has been able to continue its uptrend towards the higher resistance line. With the bullish close of the previous candle, we can expect an increase in price.
BELUSDTThis is a 4H frame analysis for BELUSDT The current price has been able to start a bullish movement above the resistance line, but it has not been able to break above the support line. If it can break above the resistance line a few times, it can move towards the second resistance area. We have identified a support area for you, which if it cannot break above the support line, it can start a movement towards that area.
BEL/USDT Bullish Momentum ?? Bella Protocol Analysis TodayYello Paradisers, tune in!
💎 BEL has recently faced rejection at the resistance trendline and is currently retesting the demand zone, aiming for a bounce-back and another shot at breaking the resistance.
💎 The demand zone appears to be a robust area that has historically prevented BEL from dipping further. Multiple rejections and strong bounces have been observed whenever the price hit this zone. BEL is currently consolidating within a range of $0.45 to $0.93.
💎 The $0.45 mark serves as a significant demand area, while $0.93 acts as a bearish Order Block or a strong supply zone. Should BEL successfully break out of its current pattern, it has the potential to soar towards the $0.93 supply area.
Keep your charts refreshed and stay tuned for more insights! 🌴
BELUSDT → Moving into the realization phase of consolidationBINANCE:BELUSDT feel better than the same BITSTAMP:BTCUSD which is preparing to fall. The weak market and red bitcoin speaks volumes, but at the same time there are coins in the market that can show good potential
On the BINANCE:BELUSDT chart, I pointed out the descending triangle and we see the breakdown of the main scenario and purpose of this pattern. The price is breaking the resistance and trying to form an impulse. The market is moving into the phase of realization of the accumulated potential and only 0.6894 area separates us from the distribution. If this resistance is broken, a rather active bullish impulse to 0.9000 or even to 1.2000 may be formed.
In the near term, the price may move into local consolidation between the previously broken triangle boundary and 0.6894. Another retest of the resistance may lead to its breakout and impulse. The price is testing MA-200. There may be a retest after the pullback.
Support levels: 0.6210, 0.564
Resistance levels: 0.6894, 0.7150.
I expect consolidation and retests of 0.6894. One of the next retests may lead to a breakout of this resistance, which will form an impulse to the above targets.
Regards R. Linda!
BEL ANALYSIS (1D)Hi, dear traders. how are you ? Today we have a viewpoint to SEL/SHORT the BEL symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
BEL: A Comprehensive 4-hour Frame Technical AnalysisHello Traders,
Today's focus is on BEL, a prominent member of the crypto market. At this moment, BEL's market price stands at 0.8777.
Vital Technical Indicators
An examination of BEL reveals several key insights:
Relative Strength Index (RSI) and Stochastic: The RSI is at 69, and the stochastic is at 71. These figures, being close to the overbought threshold, suggest that BEL might be overbought and due for a potential correction.
Bollinger Bands: The current price of BEL lies between the middle (0.7902) and upper (0.9017) Bollinger bands. The lower band is at 0.6788. The proximity to the upper band may suggest an overbought market condition.
Volume Oscillator: The volume oscillator stands at 8.47%, showing a slight increase in buying volume.
MACD: The MACD value is positive at 0.0383, suggesting a possible bullish momentum. However, this bullishness might be questioned, given the high RSI and stochastic values.
Fibonacci Levels: The Fibonacci levels for the 4-hour timeframe stand at 0.7053 (1 Fibonacci), 0.7601 (0.5 Fibonacci), and 0.8149 (0 Fibonacci). These levels could act as potential support or resistance points.
Support and Resistance: There's a support area at 0.8493 and two resistance levels at 0.9253 (local) and 1.0194 (solid). Traders should watch these levels closely.
EMA 100: The 100-period Exponential Moving Average (EMA) is at 0.7242, which is below the current price, serving as a dynamic support level.
Closing Remarks
Given these indicators, traders are advised to closely monitor BEL for potential trading opportunities. The interplay between price action and these technical indicators may provide insights into the future market trends of BEL.
As always, trading is subject to risk. Perform your own research and consider your risk tolerance before making any trading decisions.
Stay tuned for more updates on BEL and other digital currencies. Happy trading!
BEL Talk to me Like Lovers DoAight guys, I was trying not to use to much of the leverage in cross margin but BEL is talking like lovers do.
Breakout on the 2 hr. reformed 0.6652 support. I just want a little 11% at 20x because I cant do that spot money, that money to slow. I posting the coins noone is posting. This is my last post until something else take profit.
Stop 0.6343
BELUSDT → Triangle breakout and retest of trend resistance BELUSDT shows chic bullish dynamics on the background of red falling bitcoin. BEL is currently one of the few coins that feels good enough for the medium term.
In the background of the bearish wedge, the price makes numerous retests to the trend resistance and at the same time the cryptocurrency pair begins to form a consolidation, which takes the shape of the pattern "Triangle".
We observe a triangle breakout and another retest of wedge resistance. If the price manages to break the boundary, BEL / Tether will show great growth of 60% and 120% respectively!
The moving averages act as support, the price is in the risk zone between the two key boundaries. Triangle pattern realization is forming.
Strong support: earlier broken resistance of the pattern; support 0.6580
Strong resistance: downward wedge resistance, 0.8284
I expect that the bulls will be able to consolidate above the triangle and finally break the wedge resistance with the subsequent growth to 1.2790 and to 1.7676
Regards R. Linda!