$BEL

Moving Average (MA 200):

The price is currently trading above the 200 SMA, which is at $0.5640. This indicates that bullish momentum is trying to take over. However, the price recently failed to hold above the $0.60 level, signaling some exhaustion. As long as the price remains above the 200 SMA, the uptrend could continue.

VWAP:

The VWAP is currently at $0.6117, which the price is slightly below. This suggests that the short-term trend may be turning bearish after hitting resistance around $0.70. A move back above the VWAP could renew bullish confidence.

RSI:

The RSI stands at 59.55, indicating neutral to slightly bullish conditions. It’s not in the overbought territory, so there’s still room for upward movement, but the RSI is starting to cool off, which could signal a pause or retracement.

MACD:

The MACD shows a slight bullish momentum, with the MACD line at 0.0178 and the signal line at 0.0111. The histogram suggests that bullish momentum is still present, but the size of the bars is decreasing, indicating that the strength of the uptrend is weakening.

Bullish Scenario:

If BEL can hold above the 200 SMA and reclaim the VWAP at $0.6117, the next resistance zone is near $0.70, and a break above this level could send the price towards $0.80. A continuation of bullish MACD and a stronger RSI would support this move.

Bearish Scenario:

If the price falls below the 200 SMA at $0.5640 and fails to recover the VWAP, we could see a move back to $0.50, where the next significant support level lies. A bearish MACD crossover and a weakening RSI would confirm this downward trend.

Disclaimer:

This analysis is for informational purposes only and should not be considered financial advice. Always perform your own research and consult a financial advisor before making investment decisions.