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BAL / TetherUS PERPETUAL CONTRACT

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BALUSDT.P trade ideas

Balancer (BAL) - Falling wedge breakoutOn the above daily chart price action has corrected 60% since the year began. A number of reasons now exist to consider a long position, including: 1) Price action and RSI resistance breakouts. The trend has reversed. 2) Price action prints a bullish engulfing candle on past resistance followed by a hammer candle. What a chart. 3) The falling wedge measures a 140% reward. Is it possible price action falls further? Sure. It is probable? No. Ww Type: trade Risk: <=6% Timeframe to act: now Return: 100% to start
Long
by without_worries
BAL/USDT upward momentum? ? 👀 🚀 BAL Today analysis💎Paradisers, turn your attention to BALUSDT as it showcases a compelling trajectory within the demand zone, hinting at a heightened likelihood of an upward trend. 💎 Post its breakout from the descending channel, BALUSDT has been charting a bullish path. A potential resistance awaits at 3.527. Surpassing this level amplifies the probability of a continued bullish ascent. 💎 However, should it encounter a formidable rejection at this resistance, there's a chance it might seek support and continue its bullish momentum from the demand zone at 3.122. 💎 A breach below this demand level could tilt the scales towards a potential descent, possibly leading to a retest of the underlying support.
Long
by MyCryptoParadise
BAL/USDT upward momentum? 👀 🚀 BAL Today Analysis💎 Paradisers, turn your focus to BALUSDT! We've observed it showcasing a promising opportunity, having recently retested channel support and now gearing up for a bullish ascent. 💎 A brief look back shows that #Balancer broke through the channel resistance, setting itself on a bullish path. Interestingly, before this move, it had a brief fakeout, crossing the same channel resistance. Currently nestled in a demand zone, we're hopeful that a retest of a formidable resistance is on the horizon. 💎 On the flip side, there's another scenario to consider. If it adheres to its trend trajectory and breaks below both the trend line and the demand zone, there's a strong chance it could descend to retest the support level. 💎 If you are contemplating trading, employ proper stop loss and trade judiciously. Keep your strategies sharp and stay ahead in the game!
Long
by MyCryptoParadise_Simon
#BAL/USDT - Long - Potential 4.68%Direction: Long Market: Spot Risk: 0.25% - 1% #USDT_BAL Exchange: BINANCE Timeframe: 360 TP1: 4.764 Entry: 4.55 STOP: 4.336 Entry Conditions: | Trendline break | RVI break | Coming in from oversold | Unfilled bullish pivot Beware of the FED announcement volatility. I'd close early if up prior to the announcement in 6 hours. We can see wild swings in price in the minutes before the rate drops. Also if it is the anticipated pause check total market cap if BTC pumps. A lack of new liquidity will mean BTC dominance pumps even further pulling money from alts to fuel its breakout.
Long
by CryptoNicho
Long BALBAL is currently in a bullish position due to the engulfing 8-hour candlestick pattern, coupled with a test of the first Fibonacci level. I anticipate that these Fibonacci levels will be broken since they lack sufficient strength to stall the price action. Furthermore, there is a notable bullish divergence, which further supports a bullish outlook for BAL. This risk to reward ratio is too lucrative to pass up on. This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
Long
by WaltrAlexander
BAL | Balancer | Testing final support before bigger dropBAL | Balancer | Testing final support before bigger drop Looking shakey after being rejected from the 20 D.EMA and showing a significant bearish divergence | Bearish Signal | Rejected from the 20 D.EMA | Lost local support and rejected | Watch out for PPI Data Drop | Lost Trendline support and rejected | Significant Bearish Divergence | Lost Trendline support and rejected | Don't Forget To Hit Follow To Never Miss An Idea | | Please Support By Giving This Idea a Boost |
Short
by Kryptochristian