Beam (BEAMUSD) Price Forecast: December 5
BEAMUSD is positive again today. The crypto at the moment looks good to buy and looks promising as it faces the upper resistance. The crypto can swing up further and test the supply level of $0.012058. Should the bulls increase their pressure, the resistance level of $0.012058 may not hold and it may extend to a $0.013000 high level and beyond.
Key Levels:
Resistance Levels: $0.009000 $0.010000, $0.011000
Support Levels: $0.006000, $0.005000, $0.004000
BEAM (USD) Long-term Trend: Bullish (4H Chart)
BEAMUSD indicates an upward trend and looks good to buy with a bullish sentiment in its long-term perspective. The coin is trading above the level of $0.011391 with huge volumes from the bulls. 
The previous action at the $0.011651 high level during yesterday’s session has sustained the coin price to remain above the trend line in its recent high.
The bulls’ action increases the price of Beam up to the $0.011784 resistance level above the supply trend levels as the 4-hour session opens today. A break above the $0.012058 value would intensify the buying pressure on the crypto.
In addition, if the coin buyers could hold above the $0.012058 high mark and close a candle, closing above the mentioned resistance will make the coin look good to buy. As a result, the price could pump or surge upsides to hit the $0.013000 resistance value soon in its long-term outlook.
BEAM (USD) Short-term Trend: Bullish (1H Chart)
The Beam market remains in a bullish trend and also looks good to buy in its short-term outlook. Further, the coin prices are traded above the EMA-50, this confirms a bullish trend.
The coin has been having an interference with the long traders which made it possible for it to maintain the upward strength in its recent high.
On the 1-hour chart today, there is a broader recovery in the prices. The crypto jumped up to a $0.011784 supply level above the moving averages as the bulls took to their stand in the market.
This bullish correction, however, indicates a gradual improvement in market sentiment and leads to more intraday gains in assets to higher prices.
In addition, as the BEAMUSD looks good to buy, more upsides are still coming as shown by the stochastic oscillator pointing upwards to indicate an uptrend. With the look of things, the bullish rally may therefore head towards the $0.013000 high value in no long time on the lower time frame.
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