Long

BEAMUSD Bullish Cross aiming for at least 0.2200 short-term.

BEAMUSD has been trading within a Channel Down pattern since the March 10 High and today is on the 3rd straight green 1D candle, following a 1D MACD Bullish Cross. That took place on the 0.015100 Support (almost January 23 Low), which makes the buy signal even stronger.

Each Bullish Leg of the Channel Down has been at least +46.88%, so we are targeting 0.02200 for our next Lower High.

If BEAM manages to close a 1D candle above the Channel Down, then we expect an aggressive bullish break-out to complete at least a +186.93% rise, similar to the one that led to the March 10 High.

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