Technical Analysis of BELUSDT.P on the 4h chartTechnical Analysis of BELUSDT.P on the 4h chart
Key Data:
Current Price: 0.9328
Last Doji High: 0.9228
Last Doji Low: 0.8891
Bollinger Bands (21,2):
Lower Band: 0.8903
Middle Band (SMA): 0.9328
Upper Band: 0.9754
Support Level: 0.8917
Resistance Level: 0.9509
Last Overbought: 8th May 2024, above 0.8087
Last Oversold: 1st May 2024, below 0.7534
Analysis:
Price Position Relative to Bollinger Bands:
The current price (0.9328) is exactly at the middle band of the Bollinger Bands (0.9328), suggesting a neutral stance in terms of market direction.
The price is within the range of the lower band (0.8903) and the upper band (0.9754), indicating no immediate overbought or oversold conditions.
Doji Analysis:
The last doji high (0.9228) and low (0.8891) mark the range of recent indecision.
The current price being above the last doji high (0.9228) indicates a potential bullish breakout from this range.
Support and Resistance Levels:
The support level (0.8917) is below the current price, indicating a solid base in case of a price pullback.
The resistance level (0.9509) is the next target for a potential bullish move, marking a significant level to watch for price action.
Historical Overbought and Oversold Conditions:
The last overbought condition on 8th May 2024, with the price above 0.8087, indicates a recent period of strong bullish sentiment.
The last oversold condition on 1st May 2024, with the price below 0.7534, indicates a recent low point of strong bearish sentiment.
Interpretation:
Bullish Signals:
The current price being at the middle Bollinger Band (0.9328) and above the last doji high (0.9228) suggests a potential for continued bullish momentum.
A move towards the upper Bollinger Band (0.9754) and the resistance level (0.9509) would confirm the bullish trend.
Neutral/Bearish Signals:
If the price fails to sustain above the middle Bollinger Band (0.9328) and the last doji high (0.9228), it could indicate a potential reversal or consolidation.
A pullback towards the support level (0.8917) would indicate a weakening of the bullish momentum.
Potential Actions:
For Bulls:
Watch for the price to sustain above the middle Bollinger Band (0.9328) and aim for the resistance level (0.9509) as a target.
Monitor for any bullish continuation patterns or strong volume to confirm the uptrend.
For Bears:
If the price fails to maintain above the middle Bollinger Band (0.9328), look for potential short opportunities.
A break below the last doji high (0.9228) and towards the support level (0.8917) would indicate a potential bearish reversal.
Conclusion:
BELUSDT.P is currently at a neutral point, sitting at the middle Bollinger Band and just above the last doji high. This indicates potential bullish momentum if the price can sustain and move towards the resistance level of 0.9584. Monitoring the price action around the current level and looking for confirmation of either bullish continuation or a potential pullback will be crucial for making informed trading decisions.
Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice. Trading cryptocurrencies involves significant risk, and you should consult with a qualified financial advisor before making any investment decisions.
BELUSDT trade ideas
Bel Up to 3$Hi Guys
Bel looks good and its volume increase in last hours , I think it is about to breakout soon and it can pump up to 3$.
Low Market cap 43 M , Low Circulation Supply 65 M bel.
Wait for the breakout or DCA from this Level.
Never All in one.
Disclaimer: This article is for informational purposes only and not financial advice. Conduct thorough research and consult with professionals before making investment decisions.
Good luck.
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.
BELUSDT.2HThis BEL/USDT chart on a 2-hour timeframe shows an asset in an uptrend, characterized by higher highs and higher lows, which is a bullish indicator. The price is currently between two key levels: support R1 and resistance R2, suggesting a degree of consolidation after a recent uptick.
The Relative Strength Index (RSI) is in the middle of the range, just over 50, indicating neither overbought nor oversold conditions. This neutral position implies that there might still be room for the price to move without immediate pressure from overextension.
The Moving Average Convergence Divergence (MACD) is slightly below the signal line, indicating a potential loss in momentum or a brief pullback. However, since the MACD is close to the baseline, this might also suggest that the price could stabilize or consolidate before the next move.
Considering the ascending trendline, as long as the price action respects this support, the bullish outlook remains intact. A breakdown below this trendline might necessitate a reassessment of the current trend.
I would watch the R1 level closely to see if the price establishes support there for potential bullish continuation. If the price breaks above R2, it would likely confirm an ongoing bullish trend, possibly opening up space for further price increases. Conversely, losing the R1 level as support might signal a short-term reversal or deeper retracement.
BEL NEW INCREASE VOLUMEThank you for reading this update.
Depending on our study we see that BEL has a good chance of volume increase.
This updates depending on day trade, And the market should confirm with time the right market way.
#Nottradingadvice
#For Day traders take always profits when the market increase
#Expect nothing from the markets, but follow what it shows.
✴️ Bella Protocol Super Strong | Looks Ready For Some ChangeThis chart looks really good. Its been a while since we looked at Bella Protocol together... Let's jump in.
What caught my attention first was the moving averages.
I have 7 moving averages active and in less than two weeks BELUSDT went from trading below to trading above all of them, normally this is pretty good.
When today's session closes, in about 30 minutes, it will happen above EMA300 and MA200, the longest moving averages we track. This event would confirm long-term bullish potential for this pair.
It opens the door for "change".
Since it has been going sideways coupled with long-term higher lows, as prices move above resistance in the form of moving averages with a strong oscillator, this reveals an upward bias for the upcoming trend.
It can take a few more days before a major take off, but once it starts going... It will be really fast and it won't stop until the top.
Namaste.
BEL looks bullishIt has a bullish structure.
The trigger line is broken.
Order flows (OF) have followed well and we have had consistent HLs.
The green range is a strong and tight range, by maintaining this range, BEL can be pumped upwards.
Closing a daily candle below the invalidation level will violate the analysis.
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/USDT Bounce from the support, indicate continue upward move!💎 BEL has recently displayed significant market dynamics, evidenced by a bounce from the support area. There's potential for BEL to continue its upward movement, possibly testing the strong resistance area.
💎 However, if BEL fails to sustain its upward momentum, there's a likelihood of it retracing back to test the support area for another potential bounce.
💎 The downside risk emerges if BEL breaks below the support level, leading to a retest of the demand area around $0.68. Reclaiming the price above this support would signal a potential continuation of the upward trend.
💎 Conversely, a breakdown below this strong support level would confirm a bearish trend, with the price likely to decline further.
⚠️Again, this lovely triangle!!!Hi.
BINANCE:BELUSDT
Honestly, I don't feel like explaining because the chart says it all.
Stay awesome my friends.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
BEL/USDT - Bella: BBand Breakout◳◱ On the $BEL/ CRYPTOCAP:USDT chart, the Bband Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 1.0205 | 1.1342 | 1.4202 and support near 0.7345 | 0.5622 | 0.2762. Entering trades at 0.9523 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Bella
▣ Rank: 668
▣ Exchanges: Binance, Bybit, Gateio, Mexc, Hitbtc
▣ Category/Sector: Financial - Asset Management
▣ Overview: None
◰◲ Technical Metrics :
▣ Mrkt Price: 0.9523 ₮
▣ 24HVol: 5,269,554.701 ₮
▣ 24H Chng: 2.929%
▣ 7-Days Chng: 21.22%
▣ 1-Month Chng: 55.90%
▣ 3-Months Chng: 32.41%
◲◰ Pivot Points - Levels :
◥ Resistance: 1.0205 | 1.1342 | 1.4202
◢ Support: 0.7345 | 0.5622 | 0.2762
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 7.59
▣ Last 90D: 1.49
▣ Last 1-Y: 0.99
▣ Last 3-Y: 0.43
◲◰ Volatility :
▣ Last 30D: 0.65
▣ Last 90D: 0.68
▣ Last 1-Y: 0.85
▣ Last 3-Y: 1.52
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.57 - Bullish
▣ Reddit sentiment score is 0.48 - Bearish
▣ In-depth BELUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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