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FutureBlockchain
Apr 27, 2021 10:09 AM

Balancer BALUSDT ready for a breakout Long

BAL / TetherUSBinance

Description

Hello all,

A quick trading idea here:

It concerns Balancer's BAL token, which is now back into the macro uptrend channel after making a 37% retrace from its all time high back down to the demand zone near $45.



I will be looking for a breakout in the current around the diagonal resistance on the 4-hour timeframe:



4-hour candle closure above $55 is our trigger. I have placed 3 targets on the chart based on the last visited high and the Fibonacci extension + the target % for the triangle pattern breakout.

Cheers,

Comment

Breaking out

Comment

Target 1 reached
Comments
P_S_trade
nice chart
FutureBlockchain
@P_S_trade, Thanks
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