After reaching the channel's ceiling, BELUSDT experienced a correction, finding demand in the order block (OB) area, which initiated an upward wave. The price may revisit the demand zone near the channel's bottom and the highlighted green box area before targeting key levels. Potential targets include 0.7000, 1.0031, 1.6915, and 2.0364.
The support zone lies between 0.4444 and 0.4841, providing a potential cushion for price movement. If the support holds, a bullish wave could emerge, leading to a continuation toward the specified targets. However, a breakdown below the support zone may signal further downside risk. Traders should monitor these levels closely to capitalize on potential moves within the channel.
In the 1D timeframe, a cup and handle pattern is visible in the Others Market Cap, signaling a bullish trend. The market cap recently retested the 182.581B zone and is now targeting the 700.000B zone. Indicators like the RSI and Stochastic RSI are moving upward, confirming strong bullish momentum. This suggests a significant pump is likely ahead for the Others Market Cap. Given this setup, BEL/USDT is also expected to rise soon, making this prediction highly confident.
On the 1D timeframe, the Others.D market cap is forming a Bullish Falling Wedge, signaling strong bullish momentum. The RSI is trending upwards, while the Stochastic RSI is also moving higher, further supporting the potential for a breakout. These indicators suggest a possible surge in the Others.D market cap. With this setup in play, BELUSDT is positioned for significant growth, making a strong rally highly likely in the near term. The combination of technical patterns and indicators points to a bullish outlook for BELUSDT.
Entry price- 0.5186 or Market price (JOIN MY LIVE STREAM FOR PREMIUM SIGNAL)
1st tp- 0.6392
2nd tp- 0.7220
3rd Tp- 0.8236
4th Tp- 1.0648
leverage 5x
sl- 0.4146
Important š
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$BEL #swap_crypto #BELš„š„š„ #BELUSDT