Balancer BAL; When is the Reversal?Hello Traders! CTDave here again with another daily price analysis chart.
In this analysis, I will analyze Balancer (BAL).
As you can see from the chart, BAL is in a downward channel right now. As of now, BAL has approached the support line and it's waiting to get going up short term again. However, as indicated by the red arrow, it will go down after going to ~$10-11.
Right now, the RSI indicator shows almost oversold which indicates that it's going to go up. Also, looking at the RSI, I have shown how RSI likes to behave based on my experience. The white arrows indicate the path while the orange circled spots show that RSI made a "double bottom". Right now, expect a similar behavior; a rise, and then a drop lower.
After Balancer hits the bottom of the channel, expect a reversal and a breakout to the upside. Thanks for reading!
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Note: I am not a financial advisor, please do not trade solely based on my trading decisions. Do your own research or consult a professional financial advisor before conducting a trade.
BALUSDT trade ideas
BAL/USDT breakout alert!Hey guys,
Today we came across BAL/USDT. We wont hold you much longer. We are buying this coin and holding as we sow a breakout of the pattern and the BB indicator. We do not set any targets for us but if the price should close daily below $6.25 then we are closing the positions.
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We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
BALUSDT it has great structure , we are expecting 24% increase after the BoS (break of structure ) at $7.9 area. We have double bottom , LLs & LHs .
BALUSDT - SETUPBALUSDT price has just breakout the falling trendline and now the Bulls are looking for an aggressive move. Any strong-looking effort can easily move the price towards 12$.
BAL - LONGHi, after price bounce to 17$, we had a strong BTC dump that bring the price back to 13.7$. We can clearly see the falling wedge pattern. After brekout we can see a new target with the price of 27$. BAL is very oversold. Its very good at 4H, 1D and 1W. This is the best time to buy BAL for long. Small cap coins will grow. Big caps like Luna will fall more. You can even see it now, that after BTC 40k Luna is falling even more. Money will move to small caps now.
BAL - potential grow?And what do you think? Still possible to grow? Now sitting on the 15$ support after hard BTC dump and a lot of fear on the market. Is it a good investment? After last dump BAL positivly reacted and bounce 20% up from the bottom of the channel. Now it should grow to 28-30$ but do you think its possible? Thank you.
Nearly done the fourth wave, $30On 1H TF
BINANCE:BALUSDT is nearly done the fourth wave, which might be at 13.5
After that, hope raise to 30 to complete the final wave.
Wait and see
BAL/USDT - Potential 450+% Investment SetupHello Traders!
Since May 2021, BAL has been moving in a downtrend. The price returned to the main trading range of $10.83 - $18.84.
At the moment the asset begins the accumulation phase and after its completion, a new cycle will begin, and the current price decrease opens good prospects for medium-term and long-term purchases.
It is possible to gain a position in the range of $10.83 - $16.06. Part of the funds allocated to the deal should also be kept in case of the price decreases to the level of $8.43.
The aim of fixing of such purchases will be price levels
$35,55
$45,90
$63,25
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
BAL : Daily TA : 04.18.22 (IO)Technical analysis of #Balancer 's chart and its appealing ranges . Let's take a look at some of the high-potential cryptocurrencies in the market for investment, as you can see all the supports, resistances, targets, etc. are marked on the chart. Pay special attention to the specified levels that i mentioned in the chart . I think everything is obvious in the chart , but just in case if you had any questions pls feel free to ask .
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 04.18.2022
⚠️(DYOR)
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Volume-Volatility-WhaleBar-Momentum Analysis. We can hunt the whale in one bar with ultra Volume and Volatility.
Open price is the trigger.
BAL - DemandBAL seems to be in demand. looking for bids to fill at the sweep low and having an intraday sell later on today.
BALUSDT - 1h Long Signal💡💡#SIGNAL💡💡
BAL / USDT
▶️ BUY NOW + Block
🔴 SLT - 1h (Trigger)
#BALUSDT_1h_110422
Bal Short Trade - upto 85% profit with 5x leverageSignal ID 0011
Bal Short Trade
Entry 1 @ 21.37
Entry 2 @ 22.66
Tp 1 @ 19.8
TP 2 @ 17.8
Stop Loss @ 23.5
Max Leverage allowed is 5x
Upto 85% Profit with 5x leverage
BAL 2 months legThis is a note for myself.
I am planning to sell the first BAL investment at 25,49 USD and wait for 34,44 USD up to second week of May 2022.
Balancer Long for the last bull call in 2022Let's give a chance to BAL. I believe that we are in the last Bull Leg for 2022 and I am planning to sell all my BAL investment at 48,5 USD level.
Bal/Usdt elliott Wave countBalancer 2 bullish scenarios:
1st scenario - We have an impulse move and we are in the 3rd wave that I think it is not finished and than it will continue with 4th and 5th wave
2nd scenario - We have an 12 12 formation here and somewhere at 20-21 will end the 5th wave from the 2nd 1 wave and it will do a bigger correction.
Overall I think Balancer will run out of power and will correct. Will be a 4th wave correction or 2nd wave from the 2nd 12 formation, we will see later? I will update the count when needed. Give me a like if you like it also I am glad with any comments. Thank you!
