Hey guys,
We've got a pretty clear Long signal from Balancer right now, you can see a rebound off an strong ascending support trend line, combined with passing above a critical level where the price has pivoted and consolidated at before, combined with a strong Buy signal from Crypto Tipster v2.
We'd expect between 15-30% gains on this in the coming days and...
Need a break and close above the 20EMA
Break above the 50 line on the RSI to signal momentum to the upside
hidden bullish Divergence and a nice cross on the MACD
high time frames still look abit bearish my only worry .
Balancer is a mid cap DeFi gem haven't performed yet but looks ready for a big ride and ready for a leg up toward 40-45$. 🔥
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This is just an analysis, not a buy or sell signal. ❤️️
Through the Elliot model, wyckoff method, fib retracement, and other indicators did I come to the conclusion that wave 3 of Bal will not break the resistance. There is a 2% chance that it won’t but 2% is still something.
My guess is that wave 5 might offer some relief but that is not for sure to say yet.
Go long and when it hits the resistance, sell.
On D1, the price set local resistance at $ 18 (50% Fibonacci), after which a correction for the upward impulse began. At the current moment, a divergence has formed between the price and the RSI, which indicates a trend change towards the price growth.
On H4, a zigzag pattern of price movement down from the $ 18 level is clearly visible. The RSI reached the...
