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BETAUSDT trade ideas

BETA/USDT WCA - Ascending Triangle Company: Beta Finance Ticker: BETA Exchange: Binance Sector: Cryptocurrency Introduction: Today's technical analysis will be focusing on BETA/USDT trading pair on Binance exchange. Despite being a relatively new coin, an exciting pattern has developed on its weekly chart that may imply a change in the prevailing downtrend. Ascending Triangle Pattern: The Ascending Triangle pattern, typically recognized during periods of consolidation,can be viewed as a bullish pattern or bearish pattern. It is characterized by a horizontal resistance line, and an ascending support line. Analysis: BETA/USDT has experienced a significant downtrend since its inception, which is represented by the blue diagonal line. We see that a consolidation phase interrupted this downtrend, forming an Ascending Triangle pattern. The horizontal resistance is at 0.12131 with four touchpoints, while the ascending support line has five touchpoints. Due to the relatively young age of the chart (86 weeks old), the EMA calculation has been adjusted to a 21-week EMA. The price appears to be consolidating above this EMA, suggesting a bullish environment. If the price successfully breaks above the horizontal resistance, we could consider entering a long position. The projected price target would then be at 0.18625, indicating a potential upside of approximately 53.61%. Conclusion: BETA/USDT's weekly chart reveals an interesting setup in the form of an Ascending Triangle, suggesting a possible end to the current downtrend. This setup could present a profitable long trading opportunity. Disclaimer: This analysis is not financial advice and is intended for educational purposes only. Always do your own research and consult with a financial advisor before making investment decisions. If you found this analysis helpful, please consider liking, sharing, and following for more insights. Wishing you profitable trading! Best regards, Karim Subhieh
by KarimSubhieh
3
#BETAUSDT (Watchlist) 4-2023Consider adding this BINANCE:BETAUSDT to your watchlist. When we suggest adding a coin to your watchlist, it means it's forming a pattern or approaching a historical bottom, near or above a good support level, displaying increased trading volume, showing a reversal candle, in an accumulation stage, etc. However, we haven't seen any bullish reaction yet, so we recommend adding it to your watchlist until the right time for entry. Note: This isn't financial advice, but an analysis of coin movement (not a buy or sell signal). Before following any ideas, do your own research and practice good risk management. You can't impose your opinion or force it to happen in the cryptocurrency market. So, be prepared for any outcome. Remember, the cryptocurrency market is highly volatile and involves both gains and losses. Understand the risks before investing. Good luck to everyone, and we hope that Allah reconciles and repays us all. 🙏
Long
by HamadaMark
2
BETAUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. This is a 4-hour-time frame analysis for BETAUSDT Here we have R2 and R3 as the resistance areas that express the price was not able to rise at different points. R1 used to be a support area. And S1 used to be our long-term resistance area in this chart. Hence, we have the price fluctuating below R1 area in a rising behavior after being supported at S1 and we expect it to resume its rise and reach R2. Then by having some rising signs there, we would wait for an increase. So if we receive some confirmation candles to rise, an increase would take place for the price to break R1 upward and even move rise toward R2 area (which is a god point for saving profits) would happen in case the price is supported at R1 and fixes over this area. But if the price is not supported, more fall is predicted there for it to touch lower amounts. Surely if the price falls below S1, definitely more decline will happen. Please bear in mind to wait for some confirmation candles in order to make sure what will happen next and act precisely and well. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
by MarsSignals
2
BETAUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. This is a 4-hour-time frame analysis for BETAUSDT There are R2 and R1 on the top of the chart which are resistance areas and they represent the unsuccessful triumphs of the price to rise at several points. S2 used to be a long-term resistance line. And as you see, S1 used to be another resistance area in the past. Thus, we observe the fluctuation of price below R1 after its fall to this area. Our expectation would include more decline for the price to reach S1 and then via having some rising signs, there would be more rise predicted for the price to reach higher amounts. Those who are seeking less risks in their trades, it is recommended to wait for the price to touch R1 and then save their profits. But if the price loses the support and falls toward S1 or below it, more decline would happen to the price downward. Do not forget to consider the market situation in lower time frames and then decide what to do; based on the multiple pieces of information which you would obtain from our analyses and updates. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
by MarsSignals
6
BETAUSDT Beta Finance is the permissionless money market for borrowing, lending, and shorting crypto assets. This means that anyone at anytime is able to create a money market for any crypto asset. Lenders are able to now earn risk-free yield (as high as 1000+%) on not only popular assets, but also the long tail of crypto assets, including yield farmed tokens, that exist today! Easily deposit your tokens on Beta into the token's money market, or create it yourself if it's not there yet.
Long
by CT_Thor
1