BEAMXUSD trade ideas
(BEAM) beam "ICO -- funding"Early funding for BEAM based in Tel Aviv, Israel; most active location Peru 25%, was ICO in nature. Historically, ICO's are the type of company funding the SEC is most aggressive labeling securities.
BEAMUSD Bullish Cross aiming for at least 0.2200 short-term.BEAMUSD has been trading within a Channel Down pattern since the March 10 High and today is on the 3rd straight green 1D candle, following a 1D MACD Bullish Cross. That took place on the 0.015100 Support (almost January 23 Low), which makes the buy signal even stronger.
Each Bullish Leg of the Channel Down has been at least +46.88%, so we are targeting 0.02200 for our next Lower High.
If BEAM manages to close a 1D candle above the Channel Down, then we expect an aggressive bullish break-out to complete at least a +186.93% rise, similar to the one that led to the March 10 High.
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BEAM in dalik chartHello
You all know this project and it seems that it has collected all liquidity it necessary for a long time journey.
In the aspect of EW, we have had a rally that started from 0.015252 and finished in 0.043841 and then it experienced a textbook flat (ABC Primary) which I expect is going to finish so soon.
What is important for the investors of this symbol is to wait to get reliable reversal signals which should be a bullish impulse as wave 1 Minor to enter in the end of its wave2.
Do not forget to get confirmations.
Note: If I wanted to trade this symbol, I would wait for reversal signals , but for holders it can make sense to buy in three steps to get the bottom.
Please consider that it was an aggressive idea for those aggressive investors.
Thanks
