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Balancer

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 . Follow us for more analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 04.18.2022 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Long
by ArmanShabanTrading
1
Balancer (BAL) Buy ZoneBalancer (BAL) Buy Zone -------------------- BIAS Mid-Term : Bullish Risk : High On this market, Balancer looking weak in short-term and found short-term support around $15.5 zone. -------------------- $BAL/USDT SHORT SETUP Leverage : x3 - x5 Entry Price : 16.65 - 17.5 TP 1 : 16.35 TP 2 : 16.05 TP 3 : 15.65 TP 4 : 15.35 TP 5 : 14.95 TP 6 : 14.5 TP 7 : 13.9 TP 8 : 13.2 Stop Loss : 18.5 *Maximum 3% of Portfolio. *Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry. --------------------
Short
by Zerene
1
BAL (Balancer) Token Analysis 03/05/2021As we have analyzed and Invested in this Token earlier and Achieved our Targets, we are now Updating the New Targets: Fundamentals: Balancer is an Automated Market Maker (AMM), which was developed on the Ethereum blockchain and launched in March 2020. It was able to raise a $3M seed round by Placeholder and Accomplice. Balancer protocol functions as a self-balancing weighted portfolio, price sensor and liquidity provider. It allows users to earn profits through its recently introduced token ($BAL) by contributing to customizable liquidity pools. The protocol operates a few types of pools: 1. Private pools give the owner governance over the pool, and make the person the sole contributor of liquidity to the pool. Also, all the parameters are mutable by the owner. 2. Shared pools are for those who want to become liquidity providers (LPs). The LPs are rewarded with the Balancer Pool Tokens (BPTs). 3.Smart pools are similar to private pools but are controlled by a smart contract. They also reward using BPTs and allow anyone to contribute liquidity to the pool. Balancer is similar to Uniswap and Curve, in that it enables anyone to create pools of tokens. The pool adjusts itself to keep the tokens equally weighted regardless of changes in their price. However, one unique feature of Balancer is that more than one token can be added and ETH isn’t required. Although, Balancer isn’t the first DeFi protocol to make use of AMMs, however, it has brought a new face and approach to liquidity. The unique feature of the protocol is that it allows Liquidity providers to have up to eight assets per market which are weighted by percentage and rebalanced automatically. With Balancer, users don’t have to deposit 50% of the desired asset, but are allowed to decide how much of a supported asset they wish to deposit. Another unique feature of Balancer Lab is that users can make a high return on assets that are in low demand through arbitrage opportunities and slippage-reduction. For Balancer, security is a top priority and that is why the protocol has been fully audited three times by Trail of Bits, ConsenSys and OpenZeppelin. There are no admin keys or backdoors, hence, making it trustless, and the balancer pools are not upgradeable. Balancer does not support tokens that do not conform to the ERC-20 standard, even though they may be in use on some pools. The tokens held on Balancer pools are not controlled by Balancer, but are smart contracts. Nevertheless, that does not remove the inherent risks of smart contracts. The configurable rights pools (CRPs) ensure that tokens with known issues are barred from being used in pools. It further ensures that all other tokens safely interact with the protocol Balancer Lab was founded by Fernando Martinelli and Mike McDonald, but it began as a research program at a software firm “BlockScience” in 2018. The Balancer project features intelligent, like-minded fellows with an acute understanding of the DeFi space. Fernando Martnelli, a serial entrepreneur and Maker community member, has many years of work experience outside of Balancer. He co-founded many other companies before he started Balancer with his partner, Mike McDonald. Mike McDonald is the co-founder and CTO at Balancer. He is a security engineer and the creator of mkr.tools He joined Fernando Martnelli to build the Balancer platform. Kristen Stone, COO at Balancer, has worked in the crypto industry for over five years. She was a product manager at Coinbase and has built teams in product and engineering. Timur Badretdinov, is the frontend developer and has worked on several projects before working at Balancer. He founded a company called “Longcaller,” a platform focused on providing cryptocurrency reviews and educational blockchain content. Balancer wasn’t launched with a native token. However, in June 2020, they launched a governance token, $BAL, following the success of Compound’s token COMP. The purpose of the token is to allow for more decentralization and as an incentive for LP. AS Of the total 100M tokens that were created, 25M were reserved for the team, core developers, investors and advisors. 5M tokens were allocated for the Balancer Ecosystem Fund, which would be used as incentives for strategic partners. Another 5M were allocated for the fundraising fund. This fund will be used by Balancer to support its operation and growth at future fundraisings. The remaining tokens are to be mined by liquidity providers on the platform and are released at a rate of 145K per week. Provided the distribution rate is kept constant, it would take approx. 8.6 years to finish distributing the tokens. The live Balancer price today is $62.53 USD with a 24-hour trading volume of $73,881,313 USD. Balancer is down 0.27% in the last 24 hours. The current CoinMarketCap ranking is #144, with a live market cap of $434,229,896 USD. It has a circulating supply of 6,943,831 BAL coins and a max. supply of 100,000,000 BAL coins. Technical Analysis: The Token has done its Initialization and Accumulation Phase, followed by few impulsive cycles and Distribution, Retracements. currently as at has done its Retracement, it seems to be on, an explosive Impulsive Wave. There exist Hidden Bullish Divergence of Price with MACD, which is the sign of Bullish Trend Continuation. The Support Areas which have Been Defined with the Price Actions, are having heavy Confluences with the Fibonacci Retracement levels which are defined on the Chart. There are total of 3 Targets Defined by Fibonacci Projection of the initial Impulsive cycle.
Long
by BitonGroup
5
BAL (Balancer) Token Analysis 28/03/2022Fundamental Analysis: Balancer is an automated market maker (AMM) that was developed on the Ethereum blockchain and launched in March 2020. It was able to raise a $3M seed round by Placeholder and Accomplice. Balancer protocol functions as a self-balancing weighted portfolio, price sensor and liquidity provider. It allows users to earn profits through its recently introduced token ($BAL) by contributing to customizable liquidity pools. The protocol operates a few types of pools: Private pools give the owner governance over the pool, and make the person the sole contributor of liquidity to the pool. Also, all the parameters are mutable by the owner. Shared pools are for those who want to become liquidity providers (LPs). The LPs are rewarded with the Balancer Pool Tokens (BPTs). Smart pools are similar to private pools but are controlled by a smart contract. They also reward using BPTs and allow anyone to contribute liquidity to the pool. Balancer is similar to Uniswap and Curve, in that it enables anyone to create pools of tokens. The pool adjusts itself to keep the tokens equally weighted regardless of changes in their price. However, one unique feature of Balancer is that more than one token can be added and ETH isn’t required. Although, Balancer isn’t the first DeFi protocol to make use of AMMs, however, it has brought a new face and approach to liquidity. The unique feature of the protocol is that it allows Liquidity providers to have up to eight assets per market which are weighted by percentage and rebalanced automatically. With Balancer, users don’t have to deposit 50% of the desired asset, but are allowed to decide how much of a supported asset they wish to deposit. Another unique feature of Balancer Lab is that users can make a high return on assets that are in low demand through arbitrage opportunities and slippage-reduction. For Balancer, security is a top priority and that is why the protocol has been fully audited three times by Trail of Bits, ConsenSys and OpenZeppelin. There are no admin keys or backdoors, hence, making it trustless, and the balancer pools are not upgradeable. Balancer does not support tokens that do not conform to the ERC-20 standard, even though they may be in use on some pools. The tokens held on Balancer pools are not controlled by Balancer, but are smart contracts. Nevertheless, that does not remove the inherent risks of smart contracts. The configurable rights pools (CRPs) ensure that tokens with known issues are barred from being used in pools. It further ensures that all other tokens safely interact with the protocol Balancer Lab was founded by Fernando Martinelli and Mike McDonald, but it began as a research program at a software firm “BlockScience” in 2018. The Balancer project features intelligent, like-minded fellows with an acute understanding of the DeFi space. Fernando Martnelli, a serial entrepreneur and Maker community member, has many years of work experience outside of Balancer. He co-founded many other companies before he started Balancer with his partner, Mike McDonald. Mike McDonald is the co-founder and CTO at Balancer. He is a security engineer and the creator of mkr.tools He joined Fernando Martnelli to build the Balancer platform. Kristen Stone, COO at Balancer, has worked in the crypto industry for over five years. She was a product manager at Coinbase and has built teams in product and engineering. Timur Badretdinov, is the frontend developer and has worked on several projects before working at Balancer. He founded a company called “Longcaller,” a platform focused on providing cryptocurrency reviews and educational blockchain content. Balancer wasn’t launched with a native token. However, in June 2020, they launched a governance token, $BAL, following the success of Compound’s token COMP. The purpose of the token is to allow for more decentralization and as an incentive for LP. Of the total 100M tokens that were created: 25M were reserved for the team, core developers, investors and advisors. 5M tokens were allocated for the Balancer Ecosystem Fund, which would be used as incentives for strategic partners. 5M were allocated for the fundraising fund. This fund will be used by Balancer to support its operation and growth at future fundraisings. The remaining tokens are to be mined by liquidity providers on the platform and are released at a rate of 145K per week. Provided the distribution rate is kept constant, it would take approx. 8.6 years to finish distributing the tokens. The current CoinMarketCap ranking is #408, with a live market cap of $98,199,044 USD. It has a circulating supply of 6,943,831 BAL coins and a max. supply of 100,000,000 BAL coins. Technical Analysis: The Asset has fallen 85% Lower than its All Time High, it is at a very Discounted Price and Currently at the accumulation zone, soon the Smart Money effect shall Appear on the Price Value. The Current Price is very much subjective to the Defi MarketCap and Bitcoin Dominance, as the Total Market Cap is on its New rally we can expect the Capital Inflows to the Entire Crypto Environment, and If Bitcoin Dominance Drops Below the Current 43% level, then we can expect the Price value Appreciations As the price value Start its Bullish trend From these kind of Discounted Zones such as Fib 78.6% or lower such as 85%, we can Rationally expect the ATH to be easily Achievable and ultimately developing the new cycle thus new ATH. There are Total of 3 Targets defined by the Average Confluences of the Fibonacci Expansion and Fibonacci Trend Base Extension. these confluences Points can even be counted as the Major Pivot Points . The 3 TP gets its confirmation as the Bullish trend Triggers the 2 TP followed by some Price correction and Reaccumulation. on its Up Formation rally.
Long
by BitonGroup
Balancer (BAL) Buy ZoneBalancer (BAL) Buy Zone -------------------- BIAS Long-Term : Bullish Risk : Medium For the first time in week our mid-term outlook on the market has become neutral. This has been due to our current drop from our $75 All Time High down to $11 which we're currently ranging with decent long-term support. -------------------- $BAL/USDT LONG SETUP Leverage : x3 - x5 Entry Price : 10.7 - 11.05 TP 1 : 11.25 TP 2 : 11.55 TP 3 : 11.9 TP 4 : 12.2 TP 5 : 12.55 TP 6 : 12.95 TP 7 : 13.25 TP 8 : 13.5 Stop Loss : 10.3 *Maximum 3% of Portfolio. *Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry. --------------------
Long
by Zerene
1
🆓Balancer (BAL) Mar-24 #BAL $BAL BAL has conquered the $12 zone and is continuing to move towards the $15 zone. It completely broke through the MA200 to move up to the $20 zone. 📈RED PLAN ♻️Condition : If 1-Day closes ABOVE 12.5$ zone 🔴Buy : 12.5 🔴Sell : 15 - 17.5 - 20 📉BLUE PLAN ♻️Condition : If 1-Day closes BELOW 12.5$ zone 🔵Sell : 12.5 🔵Buy : 11 - 9 ❓Details 🚫Stoploss for Long : 10% 🚫Stoploss for Short : 5% 📈Red Arrow : Main Direction as RED PLAN 📉Blue Arrow : Back-Up Direction as BLUE PLAN 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section
Long
by CryptoStation
2
🆓Balancer (BAL) Dec-14 #BAL $BAL . 📈RED PLAN ♻️Condition : If 1-Day closes ABOVE 12$ zone 🔴Buy : 13 - 12 🔴Sell : 16 - 19 - 23 - 28 📈BLUE PLAN ♻️Condition : If 1-Day closes BELOW 12$ zone 🔵Sell : 12 🔵Buy : 10.5 - 9 ❓Details 🚫Stoploss for Long : 10% 🚫Stoploss for Short : 5% 📈Red Arrow : Main Direction as RED PLAN 📉Blue Arrow : Back-Up Direction as BLUE PLAN 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section
Long
by CryptoStation
Bal Fractal idea Hello traders, This should be a strategy over the next few months: I would highly suggest making this chart your own and putting alarms on it if you decide to follow this strat after doing your own research. This is based on a pretty solid fractal idea and would give around a 435% gain on an ever increasing amount of tokens depending on what the original investment was along the way. As always, below is a bit of fundamentals for you to research this coin, the team and which exchanges to pick it up on. Good luck, and have a green week!
Long
by Savvythe1
BAL $40 INCOMING? BALANCE has been in a downtrend since so so long and with the recent market and bitcoin stability Bal is recovering and reaching a very strong breakout point. With all the indicators turning bullish and with the bullish harmonics on daily TF I am expecting BAL to break this resistance. Once this resistance is broken and flipped we'll see BAL flying with a possible target or $40! Everything is in the favor of bulls if we can hold the last low we're reaching there :-) Current Market Price: $21.8 Thank you, make sure to give a like!
Long
by TychonTrades
$BAL/USDT 4h (Binance Futures) Ascending triangle break & retestbalancer.fi looks ready for bullish continuation after thet pull-back to 100EMA support! #Balancer is a decentralized liquid crypto market for #DeFi tokens using AMM protocol. Current Price= 28.356 Buy Entry = 28.457 - 27.562 Take Profit= 30.745 | 33.407 | 36.656 Stop Loss= 25.946 Risk/Reward= 1:1.3 | 1:2.58 | 1:4.14 Expected Profit= +19.38% | +38.38% | +61.56% Possible Loss= -14.86% Fib. Retracement= 0.786 | 0.883 | 1.117 Margin Leverage= 2x Estimated Gain-time= 10 days
Long
by TradingOn
Possible 2x On The Way For BAL/BTCBINANCE:BALBTC COINBASE:BALBTC COINBASE:BALUSD BINANCE:BALUSDT BAL has a fairly nice setup with a likely bullish outcome on the BTC pair, with the price ranging between a massive descending wedge & looking ready for a macro breakout which would lead to a 2x in BTC price (likely higher) Expecting a breakout towards that .369 retracement as the likely target for the first wave on the breakout! The USD pair is also looking bullish on the macro scale too! Watch this one over the next days & weeks!
B
by RandomOracle
16