BAL.USDT (Y20.P5.E2).Is it time to go longHi All,
(ref. z.chart)
Planning when to jump in?
The run up formation looks good and if it goes to plan, somewhere along these fib levels, there is a likely buy signal to be found.
The key to this is the support trend line and the triangle macro formation....if this comes about, then a 1,2,3 impulse to the support level as the green zone, with a daily bullish candle close from this, will be the buy signal.
So its a matter of planning and waiting.
Here is the 1, 2, 3 move
Lets see if this works accordingly.
All the best,
S.SAri.
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BALUSDT
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 🌹
BAL.USDT (Y20.P5.E1).Is it time to go longHi All,
While BTC does another ranging price action, the ALTs are coming into play.
BAL has a nice trend formation on the 8 hrly and now is at a strong resistance.
I have 2 scenarios where the resistance is broken decisively or its consolidated underneath this resistance layer.
Either way, looking at the MACRO structure, the following can be observed:
a) Wedge breakout confirmed ;
b) Daily and 2Day indicators look like turning bullish ;
c) The 8 hrly upward trend intact;
d) Macro found support at the 0.5 fib level;
e) Phoenix indicator in the bullish territory;
+ many more
DAILY CHART: Note the 10 and 20 EMA acting as support and the 50 currently resistance.
Bullish 3 candle setup on the daily.
All the best,
S.SAri
✳️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.
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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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Not Financial Advice 💸
Please Exercise Risk Management 💱
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BAL/USDT 2h (Binance Fut.) Descending channel & curve breakoutBalancer is looking bullish again on Low Time Frame, let's try to catch a decent entry.
Current Price= 14.107
Buy Entry= 13.678 - 12.878
Take Profit= 15.120 | 16.712 | 18.119
Stop Loss= 11.799
Risk/Reward= 1:25 | 1:2.32 | 1:3.27
Expected Profit= +27.74% | +51.72% | +72.92%
Possible Loss= -22.28%
Fib. Retracement= 0.236 | 0.382 | 0.5
Margin Leverage= 2x
Estimated Gain-time= 240h
BAL signalthis week i'm gonna be in bears team and consider this short move..
i used gann and fibo and of course harmonic patterns for finding some good targets and resistance
set stop loss on 22.282
and i marked 3 targets on chart but my last target is 17.4 and we will see it soon..
please like and share if you are agree with me..
lets see..
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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BALUSDT ANALYSISNew support(now horizontal) line is $ 26,782 It is above the that lvl
If you want to buy this coin it is ok to buy now , we will interpret the rest in the future
However, EngineeringRobo gave Sell 1 & Sell 2 and Sell 3 to Bitcoin, I am not strongly recommending to buy any altcoins at the moment
If you want to use EngineeringRobo please dm me.
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