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...
What we mean by Add this coin to the watchlist ?! 👀
This means the coin we mentioned shows a reversal pattern or moving near a historical bottom, around or above good support, increase in trading volume, accumulation stage, etc, so, we tell you to keep your eyes on this coin until the right time for entry and buy.
In the end, This is not financial advice, The...
will like to take the trade if it forms this kind of setup, and yes if BTC behaves on $33k levels
Looking for a entry at 13-14$
The TPs will be 17$, 21$, 25$, 28$, 30$
and the stop loss will be at 10$ safer side.
Just observing the setup for a potential entry
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:
Following a 70% correction (now 50%) and oversold condition, price action on the above 1-day chart is now printing a strong trend reversal. The higher lows in price action are also mirrored by the oscillators with higher highs in RSI and Stochastic RSI. Very bullish.
1st target $27
Should RSI support remain active (blue line) after target price is met then price...
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.
BAL has broken the resistance of $17.61 and is now approaching the resistance zone of $19.33. If it can break this resistance of $19.33, it could push towards $20.21, $22.50 and $24.63. Failure to break the resistance at $19.33 could lead to a drop towards $17.61, $16.00 and $14.76.