Balancer appears to be finishing its correction and is due for an explosive breakout within the next 120 days.
Balancer has been forming a long-term support line since July 2020, which has been tested and confirmed seven different times. Over the past week, Balancer has successfully retested the long-term support line and is now forming a descending triangle...
BAL breaking above resistance with positive momentum building on the MACD as we enter the bullish control zone on the RSI. Historically above this zone, its straight up.
Having price staying upside 23.5 showing signs of maintained strength make me aim at 25.26. next. And break back under 23. with signs of weakness from buying interest would make me consider more testing of 19.-20., and look for weakened supply around that area to initiate buying positions.
Daily
We got our first stop in action at the 19. area on the 21th...
Hello Folks and Crypto Friends,
after a long way up for BTC and Down for ALTS
BTC Dominance is Falling Again... this will Boost Alts.
Luck for BAL --->
BUY: Arround 22,40 - 22,50
Target: 26.7
TP1:23,20
TP2:24.90
TP3:25.50
TP4: 26.7
SL: 21,24
If you want to be more save, always wait for the Retest.
So no financial Advice - Just my 4.20 Dollar...
Balancer could be a good altcoin to enter for long. It is one of the largest automated market makers (AMM), and it will soon be available on Algorand.
Broke above the trendline and 30-35% profit can be expected.
Entry: $21.11 to $22.41
Stop Loss: $20.29
Targets:
$24.09
$25.69
$27.06
$28.83
You can enter now and add more at the dip.
BAL has given me a 5.37% return on a 31.13 preliminary entry I took on August 23rd. I know 5% in 10 days isn't spectacular, but it's better than the interest commercial banks offer :)
Prognosis: BAL is finally stepping up and taking charge. We got a demand boost recently and it propelled the PA over range resistance, through the 1.0 Fib and caused it to wick...
Looking like a really good buy for spot. It has a really good setup looking like AVAX and this coin still has a low market cap. Big opportunities for BAL/USDT to go upside
More confirmation gonna move to 38. , especially if price maintain upside 28. or break upside 30 on SOS. And a break under 27.-28 on heavy supply would make us aim at a retracement to the 21.-23. area., and if it happens it is good to pay attention at the 25 area till there's also a change of light supply appearing there, pushing the price higher again.
Daily
...
#BAL
Chart requested by our members.
On daily TF BAL did a retest of the support line and we can expect BAL to pump to 40$. Try to get it near the support zone if you get a chance.
COINBASE:BALUSD
Possibly a nice bullish setup for BAL/USD, daily chart looking like a double bottom within an ascending triangle, Ready for a major move.
Could see one last tap of that rising support first before breaking out, best bet would be to wait for a confirmed breakout above that horizontal resistance before buying in.
BAL trend indicates a large surge in price this week. Note the reoccurring pattern this year developing. A think you can expect this to reach $35 USD this week.
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A opportunity now exists following a 80% correction since early May. A higher low in price action and the oscillators follow a ‘incredible buy’ condition (orange columns).
The situation on the BTC and ETH charts is remarkably similar (below). A higher low is printed following a ‘incredible buy’ condition with price action now finding support on the 786 Golden...
After a sharp drop in prices, the structure is being rebuilt. It is located at the bottom of the canal. Breaking the resistance is important and the rsi status is breaking the important resistance. Failure occurred at low times and will now grow well in the 4-hour chart with the break of the resistance range and then the pullback.
sl: 25
t:34-42
