Before
On Nov 2, $BEAMX lost its rising trendline on the 1h chart after a lower high under the 0.005699 area.
The view was bearish: a 10 to 15% drop looked possible, with big resistances at 0.004900, 0.005050 and 0.005200. The support near 0.004476 was marked "will probably not hold", and the next zone was 0.004250 to 0.004000.
After
As expected, bear pressure stayed too strong. The 0.004476 support broke and price slid down to the 0.0041 area.
The green zone near 0.004000 isn't touched yet.
Result
- Move: about 12% down (0.004660 to 0.004097)
- Time: about 14 hours
- Status: green zone still in play
