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.
BEL Analysis for long term setup best buy price at 0.33 TP : 4.7
Shows good strength against Bitcoins short term pullback to 60k. Will go higher from here
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
BELUSDT formed head and shoulders pattern. Looks nice to short from here.
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