The price is testing the daily resistance after the market created an M pattern, after a clear rejection of 8$ daily resistance.
How to approach it?
IF the price is going to lose the 4h support areas and retest it as new resistance, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red...
Hello friends
The positive divergence of the RSI in the four-hour timeframe was issued to us, on the other hand, the white range ($4.942) played a supporting role in the correction process.
If the current trend is above the $5.30 range, the possibility of a bearish wedge pattern completion at the end of the downtrend is strengthened.
Provided that the red range...
Hey guys))
Last pair for today is going to be BAL/USDT pair. Won't keep you for long only to say that we are sitting at important level with massive pressure from both buyers and sellers. In order to go bullish here we need to secure at least EMA100.
If you like ideas provided by our team you can show us your support by liking and commenting.
Yours...
- Daily timeframe:
... RSI Bull Divergence: weak.
... Rejects to Demand zone.
... Short trend is with a weak volume.
- 4h timeframe:
...Volume spike Up > 4xMa(20)
- 1h timeframe:
... Current volume spike is above 2 MAs (20, 50)
BALLUSDT has broken below the rising support. Now the support is acting as resistance. The price has get two times rejection from broken support.
The bears are in control.
Manage your trades accordingly.
Hey, traders
And last coin we will be looking at for the next week will be BAL/USDT. Pattern here looks great and we see how tighter the distances get in that triangle formation which means soon there should be a major movement.
If you like ideas provided by our team you can show us your support by liking and commenting.
Yours Sincerely,
Swallow Team...
Bal has confirmed a bearish divergence at the top of a Wave 3 move. This next corrective move could be fast, so don't get too greedy with your profits. The Wave 4 targets are based off of fibonacci retracement levels. The first fibonacci level is my minimum take profit level for this short.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD...
Bat
The Bat Pattern is a 5-point retracement structure that was discovered by Scott Carney in 2001. It has specific Fibonacci measurements for each point within its structure and it is important to note that D is not a point, but rather a zone in which price is likely to reverse, called the Potential Reversal Zone (PRZ). The B point retracement of the primary XA...
past few days have been weird so i prefer tiny moves with extremely low risk if they go wrong.
having such tight stop losses mean we gonna lose a couple more than usual.
fewer bigger wins and more but tiny losses.
Bal technically is due for a pullback and a good resistance is formed around here.
i will short it around 7.76
i will take a solid profit at 7.2...
Please write any advice or suggestions.
Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions.
Thanks for your attention
Balancer and Bal USDT
#BALUSDT
MACD is showing bullish
EMAs showing a bullish move
RSI is bullish
we have falling wedge pattern and powerful support the price will bounce and fly to the next target at the chart
targets set at the chart
