BALUSD
BALUSDT, ATH retest and price discovery soon?To keep myself accountable and keep practicing my TA I'll be charting the top 100 crypto's by marketcap over the coming fews days. Any feedback and tips are welcome.
Trend: clear uptrend (HH & HLs)
Points of note:
- 0.382 fib level is strongish support for the current move
- Price currently struggling to break 0.236 resistance and turn it into support
- Volume decreasing, might be signs of (bull) exhaustion
Trade ideas:
- expecting bullish continuation here. 0.236 level to broken and held and new ATH/price discovery to follow if volume follows
- If buy volume doesn't come in I could see price correcting most likely 0.618 fib level before moving up further
Balancer (BAL) Price TargetsThe mid-term price target for Balancer is between $30 and $36.
As one of the most promising DeFi platforms built on Ethereum, Balancer continues to gain value in this altcoin cycle. As a new altcoin, Balancer's price action is relying heavily on Fibonacci lines for support and resistance. After cooling off down to somewhere between $19 and $15, Balancer's bull run should continue on to challenge previous resistance around $30 and potentially $36 in the coming months.
BAL - lONGBAL has broken the resistance of $17.61 and is now approaching the resistance zone of $19.33. If it can break this resistance of $19.33, it could push towards $20.21, $22.50 and $24.63. Failure to break the resistance at $19.33 could lead to a drop towards $17.61, $16.00 and $14.76.
BAL Price At Resistance | S/R FlipBal cryptocurrency token at the resistance
Flip above the red zone will send price higher buy the retest of the red zone
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.
BALUSDT: Possible Long (26.12.2020)On D1, the price set local resistance at $ 18 (50% Fibonacci), after which a correction for the upward impulse began. At the current moment, a divergence has formed between the price and the RSI, which indicates a trend change towards the price growth.
On H4, a zigzag pattern of price movement down from the $ 18 level is clearly visible. The RSI reached the oversold level 3 times and the price reached the last 76.4% Fibonacci retracement at $ 11. At the current moment, an upward local impulse has formed, which heralds the beginning of an upward movement within the older model on D1.
We recommend buying BAL in order to hold the position up to the $ 25 level.
BAL/USDT Potential double bottom in formationBAL/USDT
the price recently lost Local support in 13$ area
Next area of concern is 9-8$
Here i can expect bulls start to enter to save this area
But still not for buying except we see good bullish signs there
If bulls saved next area from further drop it will be a good potential double bottom
but take care because if next area failed to rebounce the price it will drop in parabolic move try to find new discovery bottom
Good luck and happy trading for you all 🌹
Balancer Balances in Favor of Impulse. BALUSDWe have just crossed an important leve -1.618 of the latest Waves C. This is confirmation of impulse, and I expect this thing to keep climbing for months. We are going up, but might just be a tad too early to draw goals yet, as we have just, just crossed an important threshold. Not financial advice.
✳️Balancer/USDT (10/11) View + Trading Plan #BAL $BALBAL is on a strong recovery and the heading target is at 14$, which is a strong resistance zone and a possible reversal here, so be careful. If this zone is broken, BAL will switch to uptrend and the heading target will be 18$ or even 26$
📈BUY- LONG
- Buy close to 10-10.5$, stoploss if B
📉SELL-SHORT
- Sell: 13-14$, stoploss if A
- Sell: 17-18$, stoploss if A
- Sell: 25-26$, stoploss if A
♻️BACK-UP
- Sell close to 10-10.5$ if B, stoploss if A
- Buy: 8-8.5$, stoploss if B
❓Details:
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
KEY resistance to break to continue in the bullish direction*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
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*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
*Thank you to those who donated, I very much appreciate it.
BAL/BTC (Bearish Retest Done)💎Technical Analysis Summary💎
BINANCE: BALBTC
-After breaking its key support last October 15
-The price came back and retest but turns out to be new resistance
-BAL started making a new lower low on this strong downtrend
-If the Bears can keep the momentum alive
-The downside target is around 9100s sat or reverse Fib support 1.618
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Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
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Balancer is balling! BALUSDYeah, look, probably tracing out subwave 5 of a larger impulse. Fib targets in place. Not financial advice. But, man, what a run so far!
Balancer looking more than Balanced! BALUSDLower lows, beginning of impulse wave identified. Does not look like a corrective pattern. NFA.
I have identified nice point on the Fib Extension, Invalidation level in red as always.
Anyways, I am longing this one once again.
I will be following this space closely.
BAL/BTC (Prev Support Turned Resistance?)BINANCE: BALBTC
-Old support is now turning into a new resistance area
-If BAL unable to break above 21k sat, the downside scenario is high
-It may retest the previous support and form a potential double bottom
-Once a short term reversal happens, the target is up to 25k sat area
-Another Bearish setup, if green support failed
-The next downside target is 14k sat zone
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BAL/BTC (Potential Breakout?)BAL/BTC
-Balancer is currently testing multiple times the resistance area
-We can see a key zone where the price keeps rejecting at 23000 sat
-If you missed buying the low price at around 15000 sat
-This time, you will have to play the breakout confirmation
-Entering on a strong break of resistance or pullback retest of support
-This is a momentum trading style of entry, you are riding the strength
-The potential upside scenario is up to 31300 or higher using Fib extension
-Ideal stop-loss is below 22000 sat because we don't want the price going lower
-Since our trade bias is through momentum breakout
