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Beam

BEAM BTC Possible breakoutBeam is following the way of many alts that have already broken out and began a fresh uptrend. But it seems Beam may be lagging behind the pack. We see price action has exited a descending wedge pattern with strong bullish divergence on the daily. Action appears as though it may be flattening, which could signal an accumulation phase. Volume in this area is decent. As with many other breakouts, the big pump typically occurs as the RSI finds its way above the 40 range. This is a risky trade, as this is an alt with low liquidity. But the risk to reward ratio is highly favorable. The biggest issue is...there may not be a bottom. Entry will absolutely have to be made with a tight stop loss. I'd recommend an area between 360 and 370 sats to be relatively safe. This has strong potential to bounce back up into the 680 satoshi range if all things go according to plan. Of course this will be highly dependent on Bitcoin's moves. This is not financial advice.
BLong
by ninjacookies
BEAM/USDT(4H) - Strugling to hold EMA55, possible drop.Hi Traders, Market is very boring last few days because of BTC moving sideways in triangel and we can probably expect one more wave Up. Alts are just waiting (for death :D). BEAM looks quite bearish, but still holds 4H EMA 55. Entire "rising" structure looks like wedge. So in case it will drop below wait for confirmation bounce to 55EMA and then we have best possible setup for short. Until that moment enjoy ride on WezirX which is very profitable coin last days.
BShort
by Longevity_Contrarian
BEAM/USDT Long TradeBuying Zone 0.518 / 0.490 We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
BLong
by CryptoTrend-Alerts