BAL/USDT doesn't seem much affected by the recent bearish movement from Bitcoin. On the contrary, it reversed sharply from the bottom trend line.
At the moment, the only target to beat is marked at R1, which is the last high where the upper trend line was touched.
The mid-term price target for Balancer is between $30 and $36.
As one of the most promising DeFi platforms built on Ethereum, Balancer continues to gain value in this altcoin cycle. As a new altcoin, Balancer's price action is relying heavily on Fibonacci lines for support and resistance. After cooling off down to somewhere between $19 and $15, Balancer's bull...
In my other BAL post (the usdt pair) I saw some strong gains on the horizon, the same goes for the BTC pair. For the last three days there has been tremendous bullish action on this pair, resulting in three consecutive daily candles of more than 10% each.
Such strong price action usually means that volume is picking up, and we're in for a treat in the near...
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...
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 is testing the upper bound of the consolidation range with a level of $13.24.
MA100 on the 1D timeframe acts as a dynamic support.
Entry into the position could be interesting in the range of $13.24-13.68 after retesting of the level of $13.24 with the upward trend.
We can set SL under $12.20
Target price levels:
Bonjour à tous,
Video focus sur 3 projets DeFi :
Si vous désirez une video sur d'autres projets , laissez moi un commentaire pour une prochaine vidéo dédiée.
Bon visionnage !
Excellente fêtes de fin d'année ,
On D1, the price set local resistance at $ 18 (50% Fibonacci), after which a correction for the upward impulse began. At the current moment, a divergence has formed between the price and the RSI, which indicates a trend change towards the price growth.
On H4, a zigzag pattern of price movement down from the $ 18 level is clearly visible. The RSI reached the...
Planning when to jump in?
The run up formation looks good and if it goes to plan, somewhere along these fib levels, there is a likely buy signal to be found.
The key to this is the support trend line and the triangle macro formation....if this comes about, then a 1,2,3 impulse to the support level as the green zone, with a daily bullish...
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...
BAL 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 close to 10-10.5$, stoploss if B
- Sell: 13-14$, stoploss if A
- Sell: 17-18$, stoploss if A