BETA Market Analysis


Daily chart analysis

From the daily chart, we can see that after experiencing a rapid rise recently, the price of BETA is now in a correction state. The current price is $0.09516.

1. Price trend BETA price has continued to rise since the beginning of June, reaching a high of $0.1150 before a pullback.

2. Technical indicators

  • Bollinger Band: The upper, middle and lower bands of the Bollinger Band are all showing an expanding trend, and the price is currently near the upper band, indicating a strong upward trend.

  • Moving Average (MA): The 5-day, 10-day and 30-day MAs are in a bullish arrangement, and the moving average system is on an upward trend, indicating a strong short-term, medium-term and long-term bullish trend.

  • Trading volume: The trading volume has been significantly enlarged, showing the high enthusiasm for market participation.

3. Real-time data As of June 27, 2024, the BETA price is $0.09516, the 5-day moving average is $0.08420, the 10-day moving average is $0.07053, and the 30-day moving average is $0.05407.

4. Summary The daily chart shows that the overall trend of BETA is still bullish. If the price can stabilize around $0.095, it may continue to test the previous high of $0.1150. If it pulls back to around $0.084 and stabilizes, there is still room for upward movement.

4-hour chart analysis

On the 4-hour chart, the BETA price is running near the middle line of the Bollinger band, showing certain signs of adjustment.

1. Price trend BETA shows signs of high-level shocks on the 4-hour chart, and the price is adjusted in the short term.

2. Technical indicators

  • Bollinger Band: The Bollinger Band shows an expansion trend. The price is currently between the middle and upper bands and may fluctuate and consolidate in the short term.

  • MACD indicator: MACD line and signal line are running above the zero axis. The momentum column shows a certain bullish momentum, but there are signs of weakening, suggesting that adjustments may be made in the short term.

  • RSI: The RSI is around 70, entering the overbought zone, indicating a need for adjustment in the short term.

3. Real-time data As of June 27, 2024, the BETA price is $0.09516, the middle track of the Bollinger band is $0.09, the upper track is $0.10, and the lower track is $0.08.

4. Summary The 4-hour chart shows that BETA may fluctuate between $0.09 and $0.10 in the short term. If it can effectively break through the $0.10 resistance, it is expected to continue to rise. If it falls below the $0.09 support, it may fall back to around $0.08.

 


1 hour chart analysis

On the 1-hour chart, the BETA price is running between the middle and upper rails of the Bollinger band, showing certain signs of rebound in the short term.

1. Price Trend BETA shows signs of a short-term rebound on the 1-hour chart, but the overall trend remains strong.

2. Technical indicators

  • Bollinger Band: The Bollinger Band shows an expanding trend, and the price is running between the middle and upper bands, and the rebound may continue in the short term.

  • MACD indicator: MACD line and signal line are running above the zero axis, and the momentum column shows a certain bullish momentum, suggesting that the rebound may continue in the short term.

  • RSI: The RSI is around 60, indicating some demand for a rebound.

3. Real-time data As of June 27, 2024, the BETA price is $0.09516, the middle track of the Bollinger band is $0.093, the upper track is $0.098, and the lower track is $0.088.

4. Summary The 1-hour chart shows that BETA may have a small rebound in the short term. If it can break through the resistance of $0.098, it may rise further to around $0.10. If it falls below the support of $0.093, it may continue to pull back to test the support level of $0.088.

Subsequent trend forecast

Based on the analysis of the daily, 4-hour and 1-hour candlestick charts, BETA's overall trend is still bullish, and it may fluctuate between $0.09 and $0.10 in the short term. If it can effectively break through the resistance level of $0.10, it may continue to test the previous high of $0.1150. If it pulls back to around $0.09 and stabilizes, there is still room for upward movement.

Trading Advice

  1. Short-term strategy: If the price breaks through $0.098, it is recommended to go long in the short term, with the target at $0.10 and the stop loss at $0.093.

  2. Medium-term strategy: If the price pulls back to around $0.09, consider buying on dips, with the target at $0.1150 and the stop loss at $0.088.

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