BALUSDT, ATH retest and price discovery soon?To keep myself accountable and keep practicing my TA I'll be charting the top 100 crypto's by marketcap over the coming fews days. Any feedback and tips are welcome.
Trend: clear uptrend (HH & HLs)
Points of note:
- 0.382 fib level is strongish support for the current move
- Price currently struggling to break 0.236 resistance and turn it into support
- Volume decreasing, might be signs of (bull) exhaustion
Trade ideas:
- expecting bullish continuation here. 0.236 level to broken and held and new ATH/price discovery to follow if volume follows
- If buy volume doesn't come in I could see price correcting most likely 0.618 fib level before moving up further
BALBTC
$BAL, Following the bullishness across the market.. $BAL
Following the bullishness across the market..
UCTS buy signal on the daily chart (~10% up) as its starting to face 1st resistance at ~59k sats
Looking for a cross over this level / R/S flip / increasing volume as signal of continuation
#BAL
BALUSDT - Potential buy entry BALUSDT bounced off the 0.618 fibonacci retracement level + ascending channel support.
RSI is printing a bullish divergence signal.
Price is printing the double bottom reversal pattern.
Buy entry ⬆️ - breakout above the double bottom neckline resistance.
Target 🎯 - resistance level, ascending channel resistance.
Setup invalidation ❌ - breakdown below the ascending channel support.
BAL/USDT Potential double bottom in formationBAL/USDT
the price recently lost Local support in 13$ area
Next area of concern is 9-8$
Here i can expect bulls start to enter to save this area
But still not for buying except we see good bullish signs there
If bulls saved next area from further drop it will be a good potential double bottom
but take care because if next area failed to rebounce the price it will drop in parabolic move try to find new discovery bottom
Good luck and happy trading for you all 🌹
KEY resistance to break to continue in the bullish direction*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
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BAL/BTC (Bearish Retest Done)💎Technical Analysis Summary💎
BINANCE: BALBTC
-After breaking its key support last October 15
-The price came back and retest but turns out to be new resistance
-BAL started making a new lower low on this strong downtrend
-If the Bears can keep the momentum alive
-The downside target is around 9100s sat or reverse Fib support 1.618
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BAL/BTC (Prev Support Turned Resistance?)BINANCE: BALBTC
-Old support is now turning into a new resistance area
-If BAL unable to break above 21k sat, the downside scenario is high
-It may retest the previous support and form a potential double bottom
-Once a short term reversal happens, the target is up to 25k sat area
-Another Bearish setup, if green support failed
-The next downside target is 14k sat zone
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$BAL, Reached ATH BTC resistance level...$BAL
Reached ATH BTC resistance level...
Looking for interaction w/ this level for a potential breakout // R/S Flip as entry & signal of continuation...
UCTS showing buy signals across multiple low timeframes, the chart is too short for HTFs analysis..
#BAL
BALBTCLast time I analyzed BALBTC it reached its targets and we took a good profit. This is an update of this coin and I think it can grow more and more.
Here you can see my last analysis:
BAL/BTC (Potential Breakout?)BAL/BTC
-Balancer is currently testing multiple times the resistance area
-We can see a key zone where the price keeps rejecting at 23000 sat
-If you missed buying the low price at around 15000 sat
-This time, you will have to play the breakout confirmation
-Entering on a strong break of resistance or pullback retest of support
-This is a momentum trading style of entry, you are riding the strength
-The potential upside scenario is up to 31300 or higher using Fib extension
-Ideal stop-loss is below 22000 sat because we don't want the price going lower
-Since our trade bias is through momentum breakout
BAL breaks the trendlineBAL breaks the trendline. Expecting to move. Possible targets mentioned on the chart.
BALBTCThat's a new coin that has been listed in Binance and after that grew a lot. We see some consolidation and we can expect a new upward movement on this coin.