0%
BEAM Achieves New All-Time High: Can the Rally Sustain Its Momentum?
#Bull market#EMA#MACD+2 más etiquetas

BEAM Achieves New All-Time High: Can the Rally Sustain Its Momentum?

BEAM, a novel cryptocurrency, has reached an unprecedented all-time high. Since the beginning of December, BEAM has demonstrated remarkable strength, boasting a staggering gain of over 100%. The question now arises: Will this remarkable rally persist?

Understanding BEAM: BEAM, also referred to as BEAMX, operates within the Avalanche subnet and places its primary focus on blockchain gaming and DeFi. It employs a Proof of Authority model and boasts compatibility with the Ethereum Virtual Machine, rendering it highly versatile for Ethereum applications.

BEAMX serves as the governance token within the Beam ecosystem, affording holders the opportunity to actively engage in its governance processes. Notably, it leverages the Lelantus and Mimblewimble protocols to enhance transaction privacy.

BEAM Reaches All-Time High
BEAM Reaches All-Time High

Chart by TradingView

Can the Bull Run Persist?

The present bull run is distinguished by an ascending trendline that has remained active since the onset of December. This trendline has been rigorously tested on five separate occasions.

Moreover, the 100 Exponential Moving Average (EMA) on the 1-hour chart has consistently provided crucial support during this bullish surge.

For the continuity of BEAM's bull run, it is imperative that its price remains positioned above both the 100 EMA and the ascending trendline.

Throughout this ongoing bull run, the Moving Average Convergence Divergence (MACD) has exhibited exceptional accuracy in signaling optimal entry and exit points. The MACD, being a composite indicator that combines elements of both momentum and trend-following indicators, proves to be exceptionally effective in the context of a bull market.

Typically, the MACD performs at its best when paired with another trend-following indicator, such as an Exponential Moving Average (EMA) or a Simple Moving Average (SMA). Utilizing the EMA as a filtering mechanism, one can selectively execute buy orders when the price resides above the moving average and the MACD generates a buy signal. Subsequently, sell orders can be executed when the MACD issues a sell signal.

Looking Forward: BEAM, an Avalanche-based cryptocurrency, has surged by an impressive 100% since December. To maintain this rally's upward trajectory, it is imperative for BEAM to consistently hold above the 100 EMA while rigorously testing the ascending trendline.

The reliability of the MACD in signaling entry and exit points cannot be overstated. The question remains: Can this impressive momentum be sustained?

Imagen de la bandeja de entrada

Boletín

Recibe el correo electrónico semanal con análisis de crypto exclusivos noticias que vale la pena leer. Mantente informado y entretenido, gratis.

Automatiza
tus
operaciones.

Bot automatizado de clase mundial para el Trading de criptomonedas

Comencemos
Automatiza tus operaciones

Artículos relacionados

Bot Trading 101 | How To Apply a Scalping Strategy
#Automated trading strategy#Strategy designer#EMA+3 más etiquetas

Bot Trading 101 | How To Apply a Scalping Strategy

Cryptocurrencies | BTC vs. USDT As Quote Currency
#Bitcoin#crypto trading#crypto trading tips+2 más etiquetas

Cryptocurrencies | BTC vs. USDT As Quote Currency

Technical Analysis 101 | What Are the 4 Types of Indicators?

Technical Analysis 101 | What Are the 4 Types of Indicators?

Bot Trading 101 | The 9 Best Trading Bot Tips of 2023
#crypto trading#trading bot#crypto trading tips+2 más etiquetas

Bot Trading 101 | The 9 Best Trading Bot Tips of 2023

¡Comienza a operar gratis con Cryptohopper!

Uso gratuito, sin tarjeta de crédito.

Comencemos
Cryptohopper appCryptohopper app

Descargo de responsabilidad: Cryptohopper no es una entidad regulada. El Trading de bots de criptomoneda implica riesgos sustanciales, y el rendimiento pasado no es indicativo de resultados futuros. Las ganancias mostrados en las capturas de pantalla de los productos tienen fines ilustrativos y pueden ser exagerados. Participe en el Trading con bots únicamente si posee conocimientos suficientes o busque la orientación de un asesor financiero cualificado. Bajo ninguna circunstancia Cryptohopper aceptará responsabilidad alguna ante ninguna persona o entidad por (a) cualquier pérdida o daño, total o parcial, causado por, derivado de o en relación con transacciones que impliquen nuestro software o (b) cualquier daño directo, indirecto, especial, consecuente o incidental. Tenga en cuenta que el contenido disponible en la plataforma de Trading social Cryptohopper es generado por los miembros de la comunidad Cryptohopper y no constituye asesoramiento o recomendaciones de Cryptohopper o en su nombre. Las ganancias mostrados en el Marketplace no son indicativos de resultados futuros. Al utilizar los servicios de Cryptohopper, usted reconoce y acepta los riesgos inherentes al Trading de criptomonedas y se compromete a eximir a Cryptohopper de cualquier responsabilidad o pérdida en que incurra. Es esencial revisar y comprender nuestras Condiciones de servicio y Política de divulgación de riesgos antes de utilizar nuestro software o participar en cualquier actividad comercial. Consulte a profesionales jurídicos y financieros para obtener asesoramiento personalizado en función de sus circunstancias específicas.

©2017 - 2024 Copyright por Cryptohopper™ - Todos los derechos reservados.