BALUSDTPERP
BALUSDT- BUY CHRISTMAS RALLYPreconditions:
-break out trend line
-head and shoulders
- R/R 1/5
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
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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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"