can go upto 1.50 It looks like breakout. Soon 1.50
BINANCE:BETAUSDT
also its from lunchpad. could be 3X easy .
Betausdt
Beta Finance vs Tether Goes Bullish (395% Potential)Beta Finance vs Tether (BETAUSDT) is looking better than BETABTC.
The charts are basically the same but as you can see from my targets this pair has higher potential for profits.
Let's read the chart now.
We can see a very strong downtrend until Jan. 24.
Right before this date we had a challenge of EMA50 on high volume, followed by a rejection and then another try at resistance.
Currently, BETAUSDT is challenging EMA50 with a volume breakout and bullish indicators.
We are aiming UP!
Note: If prices drop below support, the last low/bottom price of blue rectangle, this analysis is invalidated.
Wishing you great profits & trade success in the week ahead.
Thank you for reading.
Namaste.
BETAUSDT - SETUPBETAUSDT price is looking to negate the pressure of bears which were quite dominating since the last few sessions, as we can see yesterday's volume. The bulls can chase the upward resistance if they retain their momentum and target a 1.20 level.
#BETA, Enter now for a potential +61% profit?A quick look at Beta (#BETAUSDT, 1D, Binance):
According to CoinMarketCap, "Beta Finance is a permissionless money market on Ethereum for borrowing, lending and shorting crypto assets." The price has been trading in a descending wedge since its launch but may have found a support at the current level.
Main Points
If the support level holds, price may trade within a very profitable range. However, further drops cannot be crossed out considering the upcoming 2.5% increase in token circulation expected in February, according to Beta Finance's release schedule.
Strategy
TP1: $0.63
TP2: $0.768
SL: n/a(*)
Additional Reading
If you want to read more about Beta Finance on CoinMarketCap, click here .
What do you think?
Any constructive feedback and positive vibes to improve my analysis are welcome.
But if you enjoy my chart, please like, comment or follow me. :)
Thank you and Happy trading!
(*) I do not use Stop-Loss for the simply because that I do not margin trade, and I trade only assets that I do not mind keeping long-term should the price suddenly crash.
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Some of my charts represent actual trades, and some are just paper trading. Check them out!
Needless to say, this is not financial advice!
BETA/USDTNot a financial advice
RSI is approaching an oversolf zone, I would also advise to await for some confirmation but decided to DCA here
I am buying a huge bag of BETA here for a long term holding
Today Fear and Greed index is 10! Buy when everyone is fearful and sell when everyone is greedy
Possible scenario, BETA price might plummet lower, in case if BTC breaks down our 40k support zone
BETA, pay attention to this trend line!A global trend line has formed on the BETA chart. The price has already tested it several times as resistance. But it is worth pointing out that with each test, the resistance is weakening and could break soon. In the event of a breakdown, there could be a good buying opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
BETA/USDTNot a financial advice
I have re-bought BETA at 0,632$ zone. We have some BULLISH divergences on RSI, expecting price to get restored after the recent immense token unlock
Most probably we will have some positive scenario within this weekend time and after we will go back in price a bit, hence keep a stop loss and let's await our Monday time
BETA/USD Main trend. Downward channel. Bowl. Pivot Areas.New Binance coin. After the dump at the listing at the moment there is a price alignment. Potential reversal zone. Schematically showed the trend directions (meaning), in the case of a breakthrough/no breakthrough of important resistance level zones.
Coinmarketcap: Beta Finance
Beta is in a perfect position for upside!!Hello Traders, I have another nice setup. MACD and RSI show me that an impulsive up move could start very soon on daily time frame. Trade safe!
BETA/USDTBuying some BETA here near the support zone
BETA has not been pumped yet despite all ALTS
It is also extremely oversold on RSI on a 3D timeframe
Also put a tight stop loss if it loses its support
BETAUSDT looking good to pop up from...BETAUSDT trade has two entry points. You can enter when down trend channel breaks or trade is under 23% fib level. In both situation trade will be up after completion of accumulation period.
BETA broke out wedge#BETAUSDT
$BETA broke out from wedge pattern.
we have to wait till the pullback finish then price will head up toward resistances, the target of wedge is around $3 .
BETA/USDT Potential Trap to Area Defensivepoint of point
1. see area defense blue 1.3 - 1.28
2. first target 1.7 so, if a not b the scenario if candle no reaction we can see bottom "W" back to point 1
3. second target 2.2
4. the best bought area on 1.05 - 1.07
goodbest, profit for you & risk too
🔥BETA long setup#BETA/USD
🔥BETA long setup
Break of the counter-trend, possible correction for retest, further growth may be up to 0.618
BETAUSDT trade is the area of supply zoneBETAUSDT trade will be pumped up from 38% fib level towards 261% Fib level. Trade will be in the accumulation range 61% Fib level to 38% fib level then will boost up after crossing range. Initial warm up growth will be 12X.
BETAUSDT Convergence in on chart could be seenWe do have a convergence on the hourly chart of the BETA/USDT pair which means most likely we are going to go up soon. We also broke the trend line which is also a signal of a potential 22% rally. The take profit is at 3.0. Stop-loss is at 2.37.
This is not financial advice
