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BEAM USDT : Is Ready to Move ?????BEAM USDT Pattern : Flag Pattern (Reversal Pattern) Time Frame : 1 Day Flag Pattern : A flag chart pattern is formed when the market consolidates in a narrow range after a sharp move. Usually a breakout from the flag is in the form of continuation of the prior trend. Flags give very high risk reward ratio which means relatively small risk and high and quick profits Volume Trend : 28th May 2021 Huge Volume Recorded Trade Suggestion Entry Point : 0.7640 Target 1.5640 -2.090 Stop Loss 0.4450
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by Trading_Freaks
HBAR/USDT - ready for the next rally #HBAR/USDT , as we can clearly see that HBAR is moving in an upward trend and has consolidated and is forming the flag pattern which is a continuation pattern, this clearly indicates that the price will take further pump and move upwards , the current RSI is 51 which shows that security is neither overpriced nor under priced ,therefore it is to a positive indication. When a flag pattern is formed volume generally declines and then the price takes a BOOM and volume also increases drastically resulting in an upward movement in the price direction, this can seen be seen in the HBAR volume too, volume of HBAR is also declining (marked by the arrow) which also confirms that the price will move in upward direction in the coming days..... the area of entry is marked by the purple rectangle in chart, that price range would be an ideal situation for the entry, HBAR has its support around $0.25 if this support is broken that could be a potential reversal, therefore Stop Loss(SL) Should be just below the support around $0.241 Entry- $0.306 - $0.297 Stop Loss - $0.241 sell targets - (i) short term - $0.43- $0.51- $0.62 (ii) long term - $0.885 - $1.148 - $1.31 you all can also follow me on the twitter link in the Bio...!!! Thank you
Long
by CryptoAnsh