BAL/USDT - ALL TARGETS - Done +50%More trading parsing on my channel. Link in biography
Hello dear traders.
BALLANCER coin under consideration.
The work takes place in an ascending triangle, the price of which has gone beyond the boundaries of this triangle.
A purchase can be considered if this level is kept at 1D TF.
Everything happened as I wrote to you many times
Often, in such triangles, levels are broken through at 93% on an impulse.
But I recommend to wait for the level rtest, and then open a position in the corresponding direction.
The stop loss is short.
But there is one suggestion.
The price can be adjusted to the levels of $ 32.5-36.2
The fibo grid will confirm this.
Trade according to your own trading system, and do not overstate the lot in the position.
This Channel is not financial advise, It's My opinion and My observation: @opptrade
❗️❗️❗️Disclamer:❗️❗️❗️
Dear friends, traders.
My trading ideas here are not financial advice or coercion into action. I am not responsible for your trading and how you follow all aspects of correct trading.
- I do not recommend that you trade AT ALL if you do not know what risk management is, money management.
- I do not recommend that you trade without a STOP LOSS.
- And I'm not responsible for your "make millions of dollars fast" gag
- I am only showing you the charts that suit me for certain positions.
- For each position - RESPONSIBILITY LIES ON YOU.
If you don't use all of the above, your deposit will soon become $ 0
- Therefore, if you decide to follow my positions - Take responsibility for where the bad outcome may be.
In time, i to bee wrong too, and have a loss.
But with the correct observance of the indicated points, which trade with me others traders - they earn (NOT IN A DAY, but in the medium, long term)
I am only showing you how this or that scenario can work in trading.
For all your actions, only you are responsible.
💠💠💠I am not a scammer and I am concerned about your trade.💠💠💠
BALUSDT
BAL/USDT - BALLANCER - Price direction at 55$Hello dear traders.
BALLANCER coin under consideration.
The project is promising.
The work takes place in the ascending channel, where the coin has already formed a potential reversal.
I expect to see a price above $ 55 - as a large player entered, and the volume accumulated on this coin by cluster analysis indicates good growth. Indicators - at 2-4-6 hours TF, gate signals for price increases.
If the resistance is stronger, place a potential stop loss at 31.95.
Since the market for many coins is overbought, and from moment to moment, there may be a bloody collapse. Insure your positions and do not overstate the lot in the position.
Best regards, Your Opptrade
BALUSDTBAL is going to be a perfect coin to be in your watchlist, why?
Because the correction has begun and you can get profits out of it if you are scalper etc
you can sell and rebuy the assets if you have any
you can high leverage or high volume from the "gain bullish power"
advanced price action has shown the rest of the charts path
BAL.USDT (Y21.P1.E1).Cradle setup. WaitingHi All,
With the nice pullback, looking for another trade, BAL with its 4 hrly chart and hence waiting on the 4 HRLY candle to close bullish with the requirements for a cradle trade.
All the best,
S.SAri
PS> If you want to learn what is the Cradle trade, message me direct.
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
Double bottom - BALUSDT Review 📚Good day everyone.
Today I'll be discussing on the double bottom trend reversal pattern.
1. DEFINITION
What is a Double Bottom?
A double bottom pattern is a technical analysis charting pattern that describes a change in trend and a momentum reversal from prior leading price action. It describes the drop of a stock or index, a rebound, another drop to the same or similar level as the original drop, and finally another rebound. The double bottom looks like the letter "W". The twice-touched low is considered a support level.
2. ENTRY
The entry ( buy order) in double bottom pattern is placed just above the neckline resistance.
3. TARGET ( TAKE PROFIT)
The target of a double bottom pattern = the distance of the bottom head to the neckline resistance.
When a double bottom is spotted in a channel or rectangular pattern support. Your target should be the channel resistance and rectangular pattern resistance respectively.
4. STOP LOSS AND SETUP INVALIDATION
The setup invalidation is a breakdown below the double bottom support.
The stop loss is half the distance of the setup invalidation.
5.TRADE EXAMPLE
I'll be using my analysis on BALUSDT as a trade example on double bottom.
The trade played out as expected from my previous analysis.
My buy entry ⬆️ - breakout above the double bottom neckline resistance.
My targets 🎯 - previous swing high, ascending channel resistance.
My setup invalidation ❌ - breakdown below the double bottom support + ascending channel support.
My stop loss 🔴 - setup invalidation / 2.
BalusdtBINANCE:BALUSDT
What we see now ?
1-the price at 15$
2-the next resistance at 16,9$
3-the support level at 13,10$
4-there is 3 positive buy signals are active
5- the candle is above downtrend line
What we have to do now ?
1- wait for daily closing above the downtrend line then it’s a good opportunity to take a position in this trade
2- take profits in resistance levels
3- follow the robo sell signals if you see 2 of 3 the close the deals
Trade with you own responsibility
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.
BALUSDT- BUY CHRISTMAS RALLYPreconditions:
-break out trend line
-head and shoulders
- R/R 1/5
You will learn the best place where we can trade this instrument at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.