BEAM in a downward trendchannel

2021年4月26日

Hello traders,

Here is a chart of BEAM-USDT on the 4 hour chart

We see a huge move from 40% in BEAM. But we can clearly see that we have are a downward trend channel. A breakout above 1.4 USD with a lot of volume could push the price to the top of the downward trend channel.

For a further healthy rise we need an RSI above 60 and good volume otherwise gravity will do its work.
Currently there is resistance through the trend line at 1.4 USD and the moving averages as well at a higher level the top of the downward trendchannel.

Everything will also depend of how Bitcoin develops because this is the leader of the Crypto currencies.

Take care and If you short then clearly place a stop above the trendline. Targets are then the lower trend line at 1 USD.

2021年4月27日

註釋

If the horizontal line breaks position is closed. But to go long we need to see a break of the downward trendchannel

2021年5月2日

交易結束：達到停損點

Beam broke out of the downward trendchannel.

Good chance it will now test the old ATH

2021年5月6日

註釋

Hello traders,

Beam has broken above the resistance of 1.40 and are now in a sideways move to 1.67 for now. Only above that will we test the old ATH