#BEAT /USDT Continuation of upward movement after consolidation
Timeframe: Daily (D1), 4-hour (H4)
Current price (Audiera): ~$1.44 USDT
Audiera ($BEAT) demonstrates a strong upward trend, with the price increasing by 33.65% over the last 24 hours and nearing new highs. There are signs of strong bullish momentum and a return of buyer interest.
Key levels (for Audiera):
Support: $1.10 – $1.15 USDT. This is a key zone that acts as strong support after the recent rise.
Resistance: $1.50 – $1.55 USDT. Breaking this level will open the way for further growth.
Indicator Analysis:
RSI (Relative Strength Index): On the 4-hour chart, the RSI has recently cooled off and is now in the neutral/bullish zone, allowing room for further upward movement.
MACD (Moving Average Convergence Divergence): The MACD line is above the signal line, confirming bullish momentum and strength.
Moving Averages: The price is holding above key moving averages on short-term timeframes, confirming the strength of the current trend.
Scenarios:
Bullish Scenario: If $BEAT can break and close above the resistance level of $1.55 USDT, the next targets will be $1.70 and $1.80 USDT.
Bearish Scenario: If the price fails to hold support at $1.10 USDT, a drop to $1.00 USDT or below for a retest of previous levels is possible.
Trading Recommendations:
Entry Zone: $1.20 - $1.30 USDT (on the pullback to support).
Take Profit 1 (TP1): $1.50 USDT
Take Profit 2 (TP2): $1.70 USDT
Stop Loss (SL): $1.05 USDT (close of 4H candle below).
#MarketPullback #Write2Earn #PrivacyCoinSurge #BinanceLiveFuturesWeb3