Expecting another leg up for BEL, targeting initially the 100% extension of the first leg, and 2x risk for the 2nd target.
The gray zone is a resistance area, so I´m keeping conservative targets for this one.
At this moment I see no reason to buy BEL. The rising channel has the characteristics of a bear flag, and there is a possible Head and Shoulders pattern being formed.
A break of the neckline would give is a high probability target in the next gray support at 0.52-ish.
Shoulder head shoulder creation on the daily chart for BEL.
It is a low market cap token so we can see expansions on the B-BANDS,
RSI is going up with still room to reach the 70% mark.
BEL could surpass the $3 in this current quarter since it is about to break the wedge formation.
Among others, Tilson and SAR indicators are pointing to bullish.
Happy trading,
Raf
Looking for a good move here, looking at the 4h frame it appears to be bullish here, if you're entering it's better to go it on Spot and Note it's long-term trade
High risk gamble. Has been absolutely crushed. gives me sxp vibes and that was nearly 70 percent in pure profits for a few days of trading.
Pulled a big chunk of profits and bought a roll of American Silver eagles on sale last night. So glad i did.
RIght now half COTI, half Bella. I think another beaten down might be SUSHI
