Beam (BEAMUSD) Price Forecast: November 22
The BEAMUSD pair which currently trades strongly above the supply trend lines is facing a high demand from the bulls. The coin at the moment is trying hard not to fall by resisting sellers, in case the bulls’ pressure breaks up the resistance level of $0.00950, the coin price may increase further to a $0.0100 high trend line which indeed will be a turnaround for the coin holders.
Key Levels:
Resistance Levels: $0.00700 $0.00800, $0.00900
Support Levels: $0.00400, $0.00300, $0.00200
BEAM (USD) Long-term Trend: Bullish (4H Chart)
BEAMUSD remains bullish and trades strongly above the supply trend levels in the higher time frames. This is clear as we can see the prices trading above the moving average lines indicating an uptrend.
However, the previous action at the $0.00805 high level in the past few days has really sustained the coin price to remain above the trend line in its recent price level.
Beam is losing bearish momentum as it rises to a $0.00926 high level above the moving averages as the 4-hour chart begins today. This is due to a high bullish impact on the market price.
Hence, the BEAMUSD pair is showing more upside possibility as shown by the momentum indicator pointing up. We can certainly expect more gains and strength from the coin.
The pair may likely reach the $0.01000 resistance level soon as it trades strongly above the supply trend lines in its higher time frame.
BEAM (USD) Short-term Trend: Bullish (1H Chart)
BEAMUSD pair turns positive today. The price also trades strongly above the supply levels in its higher time frame. This looks nice for the buy trader and signifies a buy signal. 
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.
The crypto’s price rose to a $0.00926 supply level above the EMA after the recent threat of increasing. This will however give the buy traders the tendency to further ladder up the trend. To push the price above the supply zone more buyers’ participation is a prerequisite.
However, there is a possibility of a further increase in the price of Beam, if the buy traders should increase their price actions and all the current support level holds, a psychologically key level at the $0.01000 supply level might be reached soon as it trades strongly above the resistance levels in its short-term time frame.
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