Rounding Top idea for $BEL vs BTCROUNDING TOP IDEA
Following up on the initial idea for a Rounding Top playing out on Bitcoin, this 4-hour $BEL chart shows a similar pattern which I expect to perform in an uptrend for a big move up in the mid to long term.
April 17th's BTC dip accelerated the pattern closing and almost bounced off the rising trendline support.
An impulse move might bring price to ATH by the end of this month (April) depending majorly on Bitcoins behavior.
PARABOLIC CURVE THEORY POSSIBLE
I've marked price level 7.00 for a future idea analysis on a larger scale timeframe as I believe this coin might be developing a parabolic curve. That level could actually be a base 3. If that turns out to be so, I would confirm the existence of the parabolic curve pattern making it a awesome opportunity for exponential growth which would put the long term price level around the 13.2USDT.
BELUSDT trade ideas
🆓Bella Protocol/USDT Analysis (22/4) #BEL $BELThe buying force at 3.5$ always push BEL up if BEL hit this zone. I think it will take us some days to move sideways between 3.5-4.5$ range and will generate new rally up to 6$ or 9$ in May
📅EVENTS
👉Jun 30 : Bella One-click Product
👉Sept 30 : Bella DeFi Robo-Advisor
📈BUY
-Buy: 3.4-3.6$. SL B
-Buy: 4.4-4.6$ if A. SL B
📉SELL
-Sell: 4.4-4.6$. SL A
-Sell: 6.0-6.3$. SL A
-Sell: 8.8-9.2$. SL A
♻️BACK-UP
-Sell: 3.4-3.6$ if B. SL A
-Buy: 2.5-2.7$. SL B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
The best opportunity to buy BELUSDT🚀Its great growth is clear every time from the bottom of the channel, now that it has reached the bottom of the channel again, it has fake break out twice, but now that it is back in the chan el, it is the best opportunity for an amazing move .
T1 : 5.6 T2 : 9
SL : 3.2
EP : 3.8_4
BELBel has returned to the trendline, as you can see it also has support from the last bounce. These 2 lines crossing can create a new bounce with new target $6.25. it wll probably have some recistence there but i believe this coin has the power to eventually to break the recistence and then head to $8. DYOR and have your stop losses ready!