BAL / BTC
BAL show strong uptrend since beginning of 2021
we can see in chart gaint ascending traingle
the upper (weekly) resistance of traingle tested multiple times
I think we will have Breakout soon 🔜
Alright guys, with the current DeFi landscape, it's almost a no-brainer that Balancer will exceed some of your expectations!
Every trade has a Risk and Reward
This one is an optimal play.
With new capital influx and EIP-1559 deployment round the corner, DeFi on ETH will start a new trend once again and take all the quality protocols to the upside.
Not much to say other than my previous idea still holds and even more. We have a cluster of resistance pretty close, but it will get smashed like it isn't even there. This is an incredibly bullish retest... So buckle up and get ready for the pump. (No investment advice)
Bullish setups across the board
Retesting ~110k sats level (YTD high) where it has been rejected over and over till now
Looks good for a potential breakout as UCTS signals a Buy
Volume showing increasing levels but needs continuation
Willing to take the opportunity
The Triangle refraction and testing phase took place. The environment is suitable for ascension. Of course, it is useful to be careful.
Üçgen kırılımı ve test aşaması gerçekleşti. Ortam yükselmeye müsait. Elbette dikkatli olmakta fayda var.
Balancer is showing some strenght against Bitcoin, like Bnb and Eth right now.
-Possible move close to 40%
-Risk/Reward around 7
What I want to see is that marked resistance turned to support. If we get a pullback to it, it is possible to get a splendig entry with even bettter R/R
If you like my analysis give a like!
If you do take...
Keep an eye on this Balancer idea - they just dropped BAL v2 and also tweeted today:
"Tomorrow is a big day for Balancer Protocol: We will be announcing a new game-changing partnership.
We anticipate this partnership will revolutionize the DEX space to deliver the best experience to traders—across price, UX, and transparency."
Be careful frontrunning these set...
Not much to say about Balancer other than it is a very important DeFi protocol, with traction and lots of things coming up for it. In terms of price action it looks a lot like Uniswap and they are both ready to go higher. The resistance has been tested many times already and the breakout is coming!