BALUSDT trade ideas
BAL/USDT has created a great buying opportunityHello traders .
if you are already follow me must known , I talked about SOL last weeks and published many updates about sol and now SOL is on fire !!
but for now we have another great buy opportunity created by BAL , let's start with weekly time frame :
As you can see if we draw fib retracement tool from the bottom of the previous bull run up to the top ; we can clearly see price already above the on of the most popular fib level at 0.786 which shown by the red box . but let's zoom in to find out more details :
here is the daily chart :
w pattern is the famous reversal pattern it's means that if you saw this pattern in the important support levels , there is high chance to take off from that level and pretty much see big pump.
BAL already breaks the neck line of the w pattern and now test it as an great support level ; the overall trend is bullish so it's make sense to open long position above the neck line which is important weekly support.
here we have 4H chart :
in the 4H chart we can see minor w patterns try to forming above the neck line and Honestly this is good sign for the BAL.
and also we have solid 4H trend line which is shown by the yellow line .
finally I can say all things is good for BAL and maybe this is another SOL.
I hope you enjoyed this analysis.
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BAL USDT 1D, breaking supportall alts looking good there with btc, expecting a drop after btc touches 51-53k ;)
Team SYCAP
BAL|USDT👋Hey hey my friends
Buying BAL here we have a breakout of a bearish pattern which insites a very bullish idea :)
Long - $BAL - 38 Price Target $BAL has rallied above POC (point of control). If that holds next stop is the 200 day SMA @ 38.
BAL = SHORTDivergence formed and this next top should form a lower high.
Looking to enter on highs of smaller timeframes.
Breakout around the cornerOnce we break there will be a nice TP around $32.
Looking at the markt sentiment it is super bullish right now. Only need some more volume. Will happen once we break and all the bulls will come into play.
balusdtbalusdt structure is looking good .if we break this resistence now .tps are mentioned
NFA DYOR
BAL/USDT Bullish shark + Double bottom confirmationBAL/USDT looking really good atm. Possibly retesting what was resistance before multiple times as support and if this level holds, we could see a massive pump towards the upside. Really good entry too!
Two Green Lines on the chart!Hi,
I usually put a Horizontal Line on the chart to show entry point. The start of the line clearly shows entry price and entry date.
If this line is green obviously this is the entry point for long position and if it was in red color it is for short position.
It's a long-term position.
Wish you to achieve all your TPs in life.
Leanyar
BALThe resistance is very hard at the price of $ 25.7, Which can be achieved by breaking it to achieve the specified target
(Since September 2020, this range has always been important for coin)
- In the daily time, the w pattern can be seen, which is an ascending pattern
The green Ichimoku cloud is forming
For the first time since the fall,Bitcoin has managed to stay more than $ 40,000 in a row for several consecutive days, which is a good thing for the market.
- Due to the good market conditions and the said points, there is a possibility of resistance failure
BALUSDTAnalysis for trading of BALUSDT if it breaks-out of the channel. Need 2 green candles after break out on 4 hr TF or 1 hr.
BALUSDT Inverse Head and ShoulderBALUSDT Technical analysis Update
BAL/USDT currently trading at $0.22.83
Inverse Head and shoulder
Buy level : Above $22.60
Stop loss: $21.75
TP1: $23.20
TP2: $23.60
TP3: $24.45
TP4: $25.60
Max Leverage 3x
Always keep Stop loss
Note: please do your own research before investing. Never invest money that you can't afford to lose.
Gonna Explode by a Familiar Pattern IHSHello dude, here is my idea as to BAL - Currently sitting on big support, after breaking out from daily resistance. Indicators and other things are well, so she wanna move and will be great IMO - DYOR too. NFA. Peace.
BAL - symmetrical triangleBAL forming this triangle last two months. It could revisit support or breakout, in both cases, it could be nice trade...
BAL broke out resistance$BAL broke out from resistance and have potential to increase 45% or even 70%
so buy here and take profit each 10%
BALUSDT - Harmonic Cypher Pattern on 4H ChartHey Guys,
On 4H chart of BAL USDT Perpetual, there's a bullish cypher harmonic pattern shaped.
Suggestion follows as below;
Entry: Around 22 (In the green zone, if possible)
SL: Very close to but just below point D in the chart (21.15 area)
Target 1: Fibo 0.768 - (24.80 area) Profit Suggestion: Sell %40 of your position
Target 2: Fibo 1.000 - (26.40 area) Profit Suggestion: Sell %20 of your position
Target 3: Fibo 1.270 - (28.30 area) Profit Suggestion: Sell %20 of your position
Target 4: Fibo 1.618 - (30.80 area) Profit Suggestion: Close Entirely
PS: No financial advise, always DYOR!
BALUSDT - EW analysis - B wave of ABC zigzag correctionBALUSDT - It is in B wave correction as abc zigzag down as the part of larger ABC zigzag bullish sequence. It is expected to end B wave between 18.20-17.60 and then turn bullish for C wave up.
