Hey traders hope you are enjoying our analysis. Now we are here again with a new trading opportunity. We will discuss today about BAL
BAL Descending Channel Formation In 3D Time Frame✍️✍️✍️...!!!
Expecting Upside Breakout🔥🔥🔥...!!!
Incase Of successful Breakout Expecting 160% bullish wave
Price is consolidating above ema 50 now and so it could bounce and pump good
If price goes below then SL to avoid big drawdown
Educational purpose only
Nfa
Hi all. Timeframe 1 week. BALUSDT has broken through the wedge resistance on growing volumes and is consolidating above the key support. I assume the emergence of an upward trend. I'm considering spot recruitment now. Depending on your type of trading and risk management, long entry points are also possible on lower timeframes. Marked goals and levels on the chart.
The cup and handle pattern is evident in the daily time frame. It has also stabilized above its important resistance. Follow me to see my high range analysis every day.
Comment your opinion
reclaimed 21 ema on weekly went back down then up now closed above 200 ema on daily and looks to be retesting it
target above for first tp flip that and a way bit more to go
invalidation a close below the 200 ema on the daily so shall be monitoring it for now..
In examining this coin in the daily time frame, we notice a change in the structure from downward to upward, which indicates that higher floors and ceilings have started to create a trend with small price corrections, and it is obvious that this is due to the sharp movement and excitement in the growth. If there is no price, there will be no deep price correction,...
💎 Paradisers, direct your focus to BALUSDT, as it showcases a compelling market behavior. This asset is hinting at a possible bullish progression from a crucial support level.
💎 Recently, Balancer encountered resistance at the $4.43 level. Presently, if BAL can sustain its position at the important support level of $3.65, we may witness a bullish trend...
Technical Analysis behind BAL USDT trade:
1. Trendline Breakout & Supported by the immediate support area.
2. Three White Soldiers Candlestick pattern formed, a bullish sign.
3. Supported by the 200 Days SMA.
4. RSI is at 60, a bullish sign.
5. Volume & Momentum analysis also supports the trade.
6. The stop loss is based on the volatility indicator (ATR)
BINANCE:BALUSDT Depending on market developments. BAL may rise by %70 with the cup handle formation. The decisive factor here is the status of Bitcoin and the resistance point at $5 and $7.27.
Please do your own research. What I write here is not investment advice but an opinion or predition.
Show some strong signs:
1: Fake breakout at 3.620 level
2: Fake breakout at last high 3.496
3: wait for VWAP breakout
If VWAP breakout and hold
Target
1. 200 MA
2. high at 4.187
BALUSDT was trading under declining trendline and recently it seems like the sellers are bit exhausted then bulls took the charge and break through declining trendline.
Currently the price has given the breakout from falling trendline and now forming a local support around 3.6 region.
Will the bulls take charge again continue for leg higher?
Hello Trader BINANCE:BALUSDT.P
I see the potential for a short position here as the resistance area has not yet closed on the daily time frame.
for anticipation I try as much as possible to provide a tight stop loss in this pair.
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Disclamer: Not...
