BALBULLUSD trade ideas
Take a long on BALUSD on 4 hour time frame with sniper precisionThe sniper precision strategy that has confirmed with the upward arrow and breaking of resistance that is a minor one.be all hands on where to place sp
BALUSD - 35% Up o r 35% Down at Pinch Point!Hey guys, have you checked Balancer recently? It's reaching the very end of a pretty symmetrical triangle formation and this generally means something dramatic is about to happen!
BAL has tried to push the upper trend line acting as resistance once before and got denied, we're now at a critical point once again with the price hitting the same trend line - will it bust through this time and reach profits of 30-40%?
Or will it bounce off resistance and stay within the symmetrical triangle for a short while?
Or will it be declined by the upper trend line, travel through the current consolidation zone and out the back end of the triangle all the way down to previous levels of support at 30-40% below the current price?
What do you guys think?
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Balancer (BAL) - hidden bullish divergenceOn the above daily chart price action has corrected over 80% since May of last year. Now is an excellent time to be long. Why?
1) The ‘incredible buy’ signal printed.
2) Trend reversal, higher highs / higher lows are printing in price action and RSI.
3) Hidden bullish divergence. This is defined by price action printing a higher high at the same time an oscillator prints a lower low, namely stochastic RSI.
4) Lastly on the weekly BTC pair price action breaks through the 21-week EMA support (below).
Is it possible price action falls further? Sure.
Is it probable? No.
Target? $100, at first. This is derived from the falling wedge breakout as shown on the 10-day chart below. The flagpole of the wedge measures the target.
Good luck!
Ww
Weekly BTC pair
10-chart
BAL really wants to Go. 65$ Incoming Sooner then you Think.BAL continuously trying to break out of this pattern. It really is ready to go and flirting with upper band. When markets shifts, it will pump. Very hard. Most will be suprised and FOMO at Higher prices. Do you have the nerves to buy when there is bloods on the streets?
First target 65$. Buy and have patience. I am waiting with my positions over 6 months, but upcoming 3 months will change everything.
Don't be too late at the party.
Goodluck. Let this age as fine wine.
Balancer BAL vs USD / BTC / ETHA opportunity now exists following a 80% correction since early May. A higher low in price action and the oscillators follow a ‘incredible buy’ condition (orange columns).
The situation on the BTC and ETH charts is remarkably similar (below). A higher low is printed following a ‘incredible buy’ condition with price action now finding support on the 786 Golden ratio. This price level is also past support - look left.
A asset that is bullish across all three pairs is not to be ignored.
A buy from $17.30 is amazing.
Good luck!
WW
1-day BTC chart:
1-day ETH chart:
BALUSDPretty much Bullish on Balancer
-Demand Zone on the support price
-Vortex Indicator showing good blue line (uptrend)
-Trendline Breakout
-MA200 (4h) below the price after Trendline breakout
this is not financial advice, this is just how i trade personally
Trade safely.
BAL-LONG BAL is in a Rising wedge, has great potential to complete the FIB38 level....
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BALANCER TO $120.00+!Balancer appears to be finishing its correction and is due for an explosive breakout within the next 120 days.
Balancer has been forming a long-term support line since July 2020, which has been tested and confirmed seven different times. Over the past week, Balancer has successfully retested the long-term support line and is now forming a descending triangle formation with a contracting range. Although the Relative Strength Index (RSI) is still low at 40, RSI has been rising over the past week. Further, the Awesome Oscillator has begun to show green candles which indicate a reversal trend in the near future.
Balancer has recently confirmed partnerships with Fei DAO and Beethoven-X to further integrate its Balancer V2 Liquidity Pools onto other networks, and we should expect a large inflow of capital into its liquidity pools in the near future.
Within the next 120 days, I expect Balancer to approach the 1.618 Trend Fib Extension at $126.00. Once Balancer reaches this target price, I will make another post to update my price prediction.
26.-26.5Having price staying upside 23.5 showing signs of maintained strength make me aim at 25.26. next. And break back under 23. with signs of weakness from buying interest would make me consider more testing of 19.-20., and look for weakened supply around that area to initiate buying positions.
Daily
We got our first stop in action at the 19. area on the 21th September, and then it started building a cause with accumulation characteristics.
If we zoom in;
Here good eventuality if demand volume doesn't increase now.
Weekly