After a deep correction of DeFi excitement..
A HH can be seen on chart and bullish divergence on hourly resolutions. This is probably the floor, so if this becomes true, we have an excellent entry point.
Buy at this zone.
Hi Friends\
this W pattern could be happen for your long trades and also I showed resistances & supports lines for your short trades.
so the first strong step or Resistance line for our W pattern could be 0.00015104 and your strong Support line is 0.00012849 . so you can do long trade by W pattern but you have to get confirmation candles above 0.00014528 to be...
💎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...
BINANCE: BELBTC
-BEL coin confirmed the Double Bottom reversal pattern after breaking above 50ma
-On the 1H chart, we can see a Bullish retest of previous resistance turned support
-The price is now touching the 50k sat area and might see another leg up
-This new uptrend is followed with strong volume plus the RSI is above 70 level
-Indicating strong Buyers...
