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BALUSDT trade ideas

BALUSDT Going to pullback to ATH? 🤔Hello Traders. I hope you are having a fantastic day. Today I want to share my thoughts on BAL. Well, price was moving in a channel for about 3 months and now as you can see on the chart, momentum of the bull run was getting weak ( yellow arrow ) and each time price was creating a weaker high compare to the last high. So the price was expected to fall. Now it has broken the support level and has made a pullback on shorter timeframes and has gotten rejected. Also the negative divergence in RSI was obvious. Another reason for me that price can go lower is that it has lost the 50 MA and 100 MA support on daily and if the daily candle closes below 100 MA ( green line) then it is likely that the price is going to touch the 200 MA ( blue line ). Also in the daily, price has lost the ichimoku cloud`s support. Also the volume is not noticeable in this area. So in my opinion, when the daily candle closes and if it closes below the 100 MA and also below the support level of the channel, then you can open a short position here. Targets can be 44$ and then 40$. Stop loss if the daily candle closes above the support line and 100 MA. 🚩 Always remember to put stop loss for your orders in order to reduce the risk of your trades. 🚩 Always keep an eye on BTC chart as well because it can affect the movement of altcoins as you all know my dear traders. If you want to check out my other analysis , I have linked them below and also don`t forget to follow me for further updates and new analysis. Thank you guys for reading my idea on BAL and don`t forget to comment what you think. ✌
Short
by Existansilon
Balancer AMM and Defi Protocol; BAL/USDT analysisBalancer mission is to become the primary source of DeFi liquidity by providing the most flexible and simple platform for asset management. ❇️ COINMARKETCAP's DATA : Rank #136 kind: Token- On 39,755 watchlists - Market Cap :$448,088,157 Volume24h:$184,689,336 Circulating Supply :6,943,831 BAL -- 7% Max Supply:100,000,000 Total Supply: 35,725,000 What Is 🌟Balancer (BAL)🌟? 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. ❇️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. ❇️Who Are the Founders of Balancer? 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. coinmarketcap -- balancer.fi ------------------------------------------------------------------------------------------------------------------ ✅TECHNICAL ANALYSIS As you can see in the Weekly time frame chart for BAL/USDT, the price is trading around 65 $ . Although there are many upward signs, such as the cup pattern, etc. for balancer , but certainly not yet reached its final target. And we see that the ascent continues to advance in a its trend line , and we can imagine an ascending channel, that BAL can correct down to the bottom of this channel near the green support areas, or even reach the ceiling of the canal , near its targets, and no definite decision can be made. Therefore, you should use every opportunity to enter a long position. -------------------------------------------------------------------------------------------------------------------- 💥(Anyway, my constant suggestion to my dear community is to buy step by step ( in a few steps) , With considering risk management , Because this crazy market is very volatile than you have never seen in any other markets .) 💫(also Following security measures is vital in cryptocurrency trading. Always remember that $100 worth of a token may become a fortune someday. So treat every penny with respect.) -------------------------------------------------------------------------------------------------------------------- 👉This analysis is my personal opinion and you are responsible for your own trades or invests.💯 🙏with Best Regards and successful trades❤️ 💜 if you're fan of my analyses you can support me with your 👍 likes 👍 and 💭comments 🗯
Long
by PRO_SMART_Trader
BINANCE: BAL/USDT🛒 Pair: BAL/USDT 🛒 == SPOT== ⏰ 1400/02/11 ⏰ 🕰 01/05/2021 🕰 Duration: 📈 SHORT - MID📈 Ex: Binance #177 🛒 Buy : 64 - 65 🛒 👉Sell Targets👈 🎯TP1: 68 🥉 🎯TP2: hidden🥈 🎯TP3: hidden 🥇 🎯TP4: hidden 🚁 ⛔️ SL: Closing Daily candle below 59 Both pairs are in good shape and BTC pair is about to break out too. i recommend to buy and hold for few days. I prefer USDT for safer trade but BTC pair looks ready to break after 4 attempts. For BAL/BTC you can buy after breaking 0.0018 level.
Long
by bitcharger
1