💎Technical Analysis Summary💎
BINANCE: BELBTC
-BEL broke the major support at the 2100s sat range
-I recommend reducing the risk or close Buy positions
-Because there is no valid strong support until 7k sat area
-I don't advice to catch a falling knife here
-Wait for price discover or reversal signals
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Trading...
My idea is that BELABTC has changed it's downtrend by breaking 50 days MA line, that' s a good signal for possible trend change. I would recommend to buy that coin for this week, because it will have updated Roadmap and it was on such deep price for long time. Sell targets 4k, 5k and for midterm 7k 8k. Good Luck !
If you pay attention to DM indicator, bullish...
Early entry - red. Good entry - blue. Perfect entry - orange or lower. Mid term targets are 3000, 7000 and 9000 sats. Correlate your entry/exit with $BTC movements or coin’s updates, news, announcements, etc.
Good day, everyone. Belacoin hit 0.236 fib level and now is sitting on the bottom line of the 2nd arc pair. If it can bounce to 6500 then it can be a breakout. Have bullish divergence on stoch and the buy wall on polo is looking pretty good right now, so we can have a good pump when BTC stabilizes.
Good coin, not the best, but in need of a rebound, sitting on the trendline and fibs look good.
Hold until 17'000 sats, then sell if it fails to break the previous high.
Similair setup to STEEM on my published idea before, i believe it has strong probability of bouncing back due to the strong support on 0.00008 - 0.000085 line.
I believe this is a pretty good entry point and reward risk ratio is also 7:1.
Bela broke way high above what any one would expect, at the peak of it's pump, the volume was total of 2000 BTC , now? only 25 BTC as the volume .
There is no way in hell that this market can hold up and it will drop, at least to the 23.6% retrace, but, there is a small support line bellow that retrace that many people may ignore. My personal observation of alt...
With the release of the social media app and the new SNAP CHAT IPO mirroring, this app/coin will reach a mid to late 2017 target of .00045 - where we go after that depends on the adoption of the platform and coin.
Introduction - What is BELA?
Belacoin (BELA) is a crypto-currency token that considerably interests me just now because it currently has real-world application in the form of a chess game - Bellachess - which is available to download from the Google Play Appstore, and pays out BELA when you win a game.
The development team also have the intention to integrate...
