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.
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...
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...
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.
Welcome back Traders, Investors, and Community!
Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button
Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this.
Feel free to request any pair/instrument analysis or...
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.
BAL, one of my favorite projects and a project with enormous potential. It is very possible to have a retest that will lead us to the support of 59, but there are small chances. My expectations are to break the resistance and continue in price discovery. Keep in mind that these are not financial tips, follow this idea at your own risk.