Beta Finance — Aiming For $0.16 — Massive Buy Signal

BETA is up more than 100% since the beginning of the week. Therefore, I wouldn't consider a long trade following the rule, "Don't chase green candles!"

However, violating the rule might be a good idea in this case.

Here's why 👇
BETA printed a so-called Power Scalper signal on the daily chart. The strategy is a rather complex approach that uses some lesser-known indicators (SSL, TDFI) and the RSI uncommonly, specifically tailored to realizing gains after a pump.

Signal Details 🧐
The signal flashed on the daily chart and had extraordinary backtest results. Based on 22 historical signals, BETA gained over 10% after signals flashed in 86% of their occurrence.

Other Technical Indicators 💹
All trend indicators (short, medium, and long term) show a bullish trend! Momentum indicators provide a mixed picture, which is logical after a 100% pump. As a result, the RSI, for example, is overbought. Additionally, the ADX shows a super strong trend and should help realize the signal gains.

What about the chart 📊
Currently, BETA trades at $0.095. The next resistance is ~0.12. This level can serve as a first take-profit target. The next resistance is $0.15-0.16, which correlates with this signal's profit target of 73%.


http://dlvr.it/T8yq6P