BALUSDT.P trade ideas
BAL 1H BUYAlso set some Buy orders near the Trendline
Remember no more than 5% of the deposit in one trade
SL: next sell signal
Balancer BALUSDT ready for a breakoutHello all,
A quick trading idea here:
It concerns Balancer's BAL token, which is now back into the macro uptrend channel after making a 37% retrace from its all time high back down to the demand zone near $45.
I will be looking for a breakout in the current around the diagonal resistance on the 4-hour timeframe:
4-hour candle closure above $55 is our trigger. I have placed 3 targets on the chart based on the last visited high and the Fibonacci extension + the target % for the triangle pattern breakout.
Cheers,
BALUSDTAfter breaking the long-term uptrend channel, which due to the impact of bitcoin fall and after trying again to enter the long-term channel, the floor of the long-term channel has become resistant and is expected to enter the new downtrend channel.
#BALUSDT
BALencer// Strong Trending ChannelBalencer has been moving within this channel for a while with price strongly respecting the areas of resistance along the TLs.
More recently we had a break of the TL due to a BTC sell off but was followed with a swift recovery (both times). This suggests a lot of volume and buying momentum IMO, people are seeing these zones and taking advantage.
The next strong area of resistance will be at the 38% level which was the top of an M pattern previously and the nose of the more recent M pattern. An entry now would likely be met with some resistance at that level and if done, that should be a safe TP to get in and out before we know if price can sustain this momentum.
The other ideal entry would be once prices settles above 38% and we see its a clear support. at that point, we can use the 50% level (not shown) as a tight SL zone with 0% and -27% as TP targets.
Previous analysis linked.
BALUSDT - 1HWe are trying to break horizontal resistance after making a double bottom, this looks very bullish!
For every new follower i will add a new idea :)
BALANCER back to 72$Hi guys I will be fast.
Balancer braking out of a descending triangle, clean shot to 72$.
Entries below 60.
TPs are 64, 68, and 72. Then ATH.
Hope you won't miss this out.
Not financial advice.
DYOR.
Follow me for more free signals if you like my work.
Cheers!
BALUSDT,1HIf range 64 fails upward I open the long posithio for the following targets:
1:69
2:72
3:76
But if not supported, the price will go down to the 54 range and then go up.
BAL sound good.Well let me explain;)
As we can see, BAL has a beautiful bullish channel.
Making a pattern of Ascent of a time volume of 17 days, that is, 17 bar, he has repeated it 3 times!
This is a possible good sign for BAL holders. We now have a resistance at $ 70 that is totally easy to break and various points with high demand.
A good entry would be at $ 59 if it falls back and my ideal goal would be $ 78
This is a lost goal but if they decide to enter now they have a little risk.
But we are repeating the pattern successively, it can happen again.
Support And Resistance
S: $50.331
S: $51.918
S: $53.789
S: $55.491
S: $59.060
S: $61.464
S: $65.300
R: $70.705
Analysis:
OBV: 6.5 M| 6.4 M| 5.9 M
RSI: 68.37| 64.14| 51.98
MFI: 62.18| 55.86| 37.89
CCI: 197.89| 128.78| -28.94
WR%: -1.38| -10.73| -25.83
ADX: 20.70| 18.86| 17.36
MOM: Bullish Momentum
SMA: Price is Above SMA Bullish
ADI: +DI >DI BULLISH
MACD: Bullish
PSAR: Bullish
BalusdtHi guys,
Balusdt i think ready to go 60 usdt, for 2 reason
First dynami trend line, second good support zone, after finding good signal, such as good candles, we can get long position,
BAL ChannelBAL in a good channel, looks like we tested support line at number 4 , we may see 65-75 dollars area(number 5), lets see. not a trading advice.
BAL can get some loveCheck BAL on 4h chart. It's under ma50 and ma200 on the lower part of trading zone. Token have positive cumulative delta, good delta dynamic today. Also i see orders for $51,5-53. I think there is opportunity to get it near $50.5-51 and sell for $58.
Today BAL will be on European Blockchain Conv.
