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BETA / TetherUS

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BETAUSDT trade ideas

#BETA, Is this another entry opportunity?A quick look at Beta (#BETAUSDT, 1D, Binance): Since my last idea , price found support on the $0.40 level and looks ready to give us some more fun! Main Points Yesterday, BETA has seen a considerable above-average trading volume, with price pushing as high as +20.89% at close. If BETA breaks through the EMA 50, it may go up to the most recent highs and even test the resistance of the range, for a +23.15% and +46.81% respectively at the time of writing. Strategy TPs set slightly below resistances: TP1: $0.63 TP2: $0.768 SL: n/a(*) Additional Reading If you want to read more about Beta Finance on CoinMarketCap, click here . What do you think? Any constructive feedback and positive vibes to improve my analysis are welcome. But if you enjoy my chart, please like, comment or follow me. :) Thank you and Happy trading! (*) I do not use Stop-Loss for the simply because that I do not margin trade, and I trade only assets that I do not mind keeping long-term should the price suddenly crash. ------------------------------------------------------ Some of my charts represent actual trades, and some are just paper trading. Check them out! Needless to say, this is not financial advice!
by BitfulMind
3
🆓Beta Finance (BETA) Feb-17 #BETA $BETA BETA is being rejected at the $0.6 zone and it is correcting towards the $0.50 zone, which is the zone that created a bear trap 4 hours ago. So the buying force at this zone is still quite good so we can consider buying. If this support does not hold, it will continue to fall to the $0.4 or even $0.3 zone 📈RED PLAN ♻️Condition : If 1-Day closes ABOVE 0.5$ zone 🔴Buy : 0.5 🔴Sell : 0.6 - 0.7 - 0.8 📉BLUE PLAN ♻️Condition : If 1-Day closes BELOW 0.5$ zone 🔵Sell : 0.5 🔵Buy : 0.4 - 0.3 ❓Details 🚫Stoploss for Long : 10% 🚫Stoploss for Short : 5% 📈Red Arrow : Main Direction as RED PLAN 📉Blue Arrow : Back-Up Direction as BLUE PLAN 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section
Long
by CryptoStation
2
Beta Finance vs Tether Goes Bullish (395% Potential)Beta Finance vs Tether (BETAUSDT) is looking better than BETABTC. The charts are basically the same but as you can see from my targets this pair has higher potential for profits. Let's read the chart now. We can see a very strong downtrend until Jan. 24. Right before this date we had a challenge of EMA50 on high volume, followed by a rejection and then another try at resistance. Currently, BETAUSDT is challenging EMA50 with a volume breakout and bullish indicators. We are aiming UP! Note: If prices drop below support, the last low/bottom price of blue rectangle, this analysis is invalidated. Wishing you great profits & trade success in the week ahead. Thank you for reading. Namaste.
Long
by AlanSantana
8
Looking for BETA to spike after launchpad cooldownHere's a great looking chart to keep on your watchlist. Something I find very interesting about this is how it closed really high after it's amazing run up on launchpad day, unlike others where it went down hard immediately. The next day, it tried to attack the high again and somewhat maintained it, until the third day after launch where price started to decline and now reached a 90% drop. This makes me think it could reach these highs again in the (really) long run. If it were to test the 0,618 fib, it would give us a 7x from current prices. Even if it just tested the 0,382 level, it would mean nearly a 5x. Of course, these would be true if it did bottom out already. There's a big possibility that it will drop at least once more, given the crypto market's current state and BTC's uncertainty. I've been watching the downward pressure get smaller and smaller, with every wave getting weaker as it's been mentioned here before. In my opinion it could spike very, very hard or at least stabilize here before doing so. The project itself is looking great, and considering others who got the launchpad treatment, it should increase in price any day now given it's terrible drop. If you consider buying this, please do your own research about it and buy at whatever level you deem adequate. This is not financial advice.
Long
by markkwade
#BETA, Enter now for a potential +61% profit?A quick look at Beta (#BETAUSDT, 1D, Binance): According to CoinMarketCap, "Beta Finance is a permissionless money market on Ethereum for borrowing, lending and shorting crypto assets." The price has been trading in a descending wedge since its launch but may have found a support at the current level. Main Points If the support level holds, price may trade within a very profitable range. However, further drops cannot be crossed out considering the upcoming 2.5% increase in token circulation expected in February, according to Beta Finance's release schedule. Strategy TP1: $0.63 TP2: $0.768 SL: n/a(*) Additional Reading If you want to read more about Beta Finance on CoinMarketCap, click here . What do you think? Any constructive feedback and positive vibes to improve my analysis are welcome. But if you enjoy my chart, please like, comment or follow me. :) Thank you and Happy trading! (*) I do not use Stop-Loss for the simply because that I do not margin trade, and I trade only assets that I do not mind keeping long-term should the price suddenly crash. ------------------------------------------------------ Some of my charts represent actual trades, and some are just paper trading. Check them out! Needless to say, this is not financial advice!
by BitfulMind
11