BALUSDT
BAL.USDT (Y20.P5.E1).Is it time to go longHi All,
While BTC does another ranging price action, the ALTs are coming into play.
BAL has a nice trend formation on the 8 hrly and now is at a strong resistance.
I have 2 scenarios where the resistance is broken decisively or its consolidated underneath this resistance layer.
Either way, looking at the MACRO structure, the following can be observed:
a) Wedge breakout confirmed ;
b) Daily and 2Day indicators look like turning bullish ;
c) The 8 hrly upward trend intact;
d) Macro found support at the 0.5 fib level;
e) Phoenix indicator in the bullish territory;
+ many more
DAILY CHART: Note the 10 and 20 EMA acting as support and the 50 currently resistance.
Bullish 3 candle setup on the daily.
All the best,
S.SAri
✳️Balancer/USDT (10/11) View + Trading Plan #BAL $BALBAL is on a strong recovery and the heading target is at 14$, which is a strong resistance zone and a possible reversal here, so be careful. If this zone is broken, BAL will switch to uptrend and the heading target will be 18$ or even 26$
📈BUY- LONG
- Buy close to 10-10.5$, stoploss if B
📉SELL-SHORT
- Sell: 13-14$, stoploss if A
- Sell: 17-18$, stoploss if A
- Sell: 25-26$, stoploss if A
♻️BACK-UP
- Sell close to 10-10.5$ if B, stoploss if A
- Buy: 8-8.5$, stoploss if B
❓Details:
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
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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Not Financial Advice 💸
Please Exercise Risk Management 💱
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BAL/USDT 2h (Binance Fut.) Descending channel & curve breakoutBalancer is looking bullish again on Low Time Frame, let's try to catch a decent entry.
Current Price= 14.107
Buy Entry= 13.678 - 12.878
Take Profit= 15.120 | 16.712 | 18.119
Stop Loss= 11.799
Risk/Reward= 1:25 | 1:2.32 | 1:3.27
Expected Profit= +27.74% | +51.72% | +72.92%
Possible Loss= -22.28%
Fib. Retracement= 0.236 | 0.382 | 0.5
Margin Leverage= 2x
Estimated Gain-time= 240h
BAL signalthis week i'm gonna be in bears team and consider this short move..
i used gann and fibo and of course harmonic patterns for finding some good targets and resistance
set stop loss on 22.282
and i marked 3 targets on chart but my last target is 17.4 and we will see it soon..
please like and share if you are agree with me..
lets see..
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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BALUSDT ANALYSISBAL is the almost a new coin, so we do not have enough input, but the people who play a daily, they may look a 3h timeline.
Besides, I will share a new technical analysis very soon.
BALUSDT ANALYSISNew support(now horizontal) line is $ 26,782 It is above the that lvl
If you want to buy this coin it is ok to buy now , we will interpret the rest in the future
However, EngineeringRobo gave Sell 1 & Sell 2 and Sell 3 to Bitcoin, I am not strongly recommending to buy any altcoins at the moment
If you want to use EngineeringRobo please dm me.
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
