FieryTrading

BAL/USDT Double Break Out

Long
BINANCE:BALUSDT   BAL / TetherUS
BAL/USDT has seen amazing bullish price action in the last week, increasing with almost 50%!

In the last 24 hours the price has both broken out from the channel and from the bullish triangle. Let's hope that these break outs will lead to more bullish action!

Seeing the size of the candles of the last couple of days, I'm confident we will see more of that in the near future. I've marked two areas of potential resistance, R1 and R2, where I expect the price to either consolidate or reverse. R1 based at the September high and R2 based at the round number of $30. If we're gonna see anything like an alt-season, this is a pair to keep your eyes on.

Happy trading!
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Comments

fiery AND courteous. cheers.
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looks like we bounced a little off your R1 the bounced back off your 2nd breakout. Looking like it might break out again later today I hope.
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Good job and
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FieryTrading Gorge_patison
@Gorge_patison Thanks Gorge. much appreciated 🙏
Reply
great technical setup with strong upside potential. nice work!
Reply
FieryTrading ProjectSyndicate
@ProjectSyndicate, Thank you friend. Keep it strong!
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I totally agree with your analysis. Thanks for sharing!
Reply
FieryTrading KlejdiCuni
@KlejdiCuni thanks Klejdi, appreciated 🙏
Reply
As your profile picture, your analysis is on fire
Reply
FieryTrading TheSignalyst
@TheSignalyst, Thanks mate😎
Reply
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