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Balusdlong

BAL/USDT - Potential +235% Investment SetupHello Traders! BAL price is consolidating in the active trading range of $18.84 - $23.55 The best time to buy is near the lower boundary of this range, the level of $18.84 It is advisable to place a stop loss under the price level of $13.24 Target medium-term purchases will be price levels of $35,55 $40,00 $50,00 $63,25 There is excellent medium-term trade potential opening up. The risk/reward ratio is more than 7! Good luck and watch out for the market P.S. This is an educational analysis that shall not be considered financial advice
Long
by UnknownUnicorn10064030
BALUSDT - Harmonic Cypher Pattern on 4H ChartHey Guys, On 4H chart of BAL USDT Perpetual, there's a bullish cypher harmonic pattern shaped. Suggestion follows as below; Entry: Around 22 (In the green zone, if possible) SL: Very close to but just below point D in the chart (21.15 area) Target 1: Fibo 0.768 - (24.80 area) Profit Suggestion: Sell %40 of your position Target 2: Fibo 1.000 - (26.40 area) Profit Suggestion: Sell %20 of your position Target 3: Fibo 1.270 - (28.30 area) Profit Suggestion: Sell %20 of your position Target 4: Fibo 1.618 - (30.80 area) Profit Suggestion: Close Entirely PS: No financial advise, always DYOR!
Long
by koklucinar
BALUSDT Going to pullback to ATH? 🤔Hello Traders. I hope you are having a fantastic day. Today I want to share my thoughts on BAL. Well, price was moving in a channel for about 3 months and now as you can see on the chart, momentum of the bull run was getting weak ( yellow arrow ) and each time price was creating a weaker high compare to the last high. So the price was expected to fall. Now it has broken the support level and has made a pullback on shorter timeframes and has gotten rejected. Also the negative divergence in RSI was obvious. Another reason for me that price can go lower is that it has lost the 50 MA and 100 MA support on daily and if the daily candle closes below 100 MA ( green line) then it is likely that the price is going to touch the 200 MA ( blue line ). Also in the daily, price has lost the ichimoku cloud`s support. Also the volume is not noticeable in this area. So in my opinion, when the daily candle closes and if it closes below the 100 MA and also below the support level of the channel, then you can open a short position here. Targets can be 44$ and then 40$. Stop loss if the daily candle closes above the support line and 100 MA. 🚩 Always remember to put stop loss for your orders in order to reduce the risk of your trades. 🚩 Always keep an eye on BTC chart as well because it can affect the movement of altcoins as you all know my dear traders. If you want to check out my other analysis , I have linked them below and also don`t forget to follow me for further updates and new analysis. Thank you guys for reading my idea on BAL and don`t forget to comment what you think. ✌
Short
by Existansilon
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.
Long
by QubitLife