BALUSDT, ATH retest and price discovery soon?
To keep myself accountable and keep practicing my TA I'll be charting the top 100 crypto's by marketcap over the coming fews days. Any feedback and tips are welcome.
Trend: clear uptrend (HH & HLs)
Points of note:
- 0.382 fib level is strongish support for the current move
- Price currently struggling to break 0.236 resistance and turn it into support
- Volume decreasing, might be signs of (bull) exhaustion
Trade ideas:
- expecting bullish continuation here. 0.236 level to broken and held and new ATH/price discovery to follow if volume follows [LONG]
- If buy volume doesn't come in I could see price correcting most likely 0.618 fib level before moving up further [SHORT/LONG]
Trend: clear uptrend (HH & HLs)
Points of note:
- 0.382 fib level is strongish support for the current move
- Price currently struggling to break 0.236 resistance and turn it into support
- Volume decreasing, might be signs of (bull) exhaustion
Trade ideas:
- expecting bullish continuation here. 0.236 level to broken and held and new ATH/price discovery to follow if volume follows [LONG]
- If buy volume doesn't come in I could see price correcting most likely 0.618 fib level before moving up further [SHORT/LONG]
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