BALUSDT - Potential buy entry
BALUSDT bounced off the 0.618 fibonacci retracement level + ascending channel support.
RSI is printing a bullish divergence signal.
Price is printing the double bottom reversal pattern.
Buy entry ⬆️ - breakout above the double bottom neckline resistance.
Target 🎯 - resistance level, ascending channel resistance.
Setup invalidation ❌ - breakdown below the ascending channel support.
RSI is printing a bullish divergence signal.
Price is printing the double bottom reversal pattern.
Buy entry ⬆️ - breakout above the double bottom neckline resistance.
Target 🎯 - resistance level, ascending channel resistance.
Setup invalidation ❌ - breakdown below the ascending channel support.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.