Balancer (BAL) - Higher lows

2020年12月28日

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 action is expected to be in uptrend until mid-2021.

The weekly chart (below) printed a long tailed Dragonfly DOJI indicating strong buying pressure in the weeks ahead.

2021年1月3日

交易進行

3-day chart below printed a higher low on Stochastic RSI above 40 - very bullish in the near term in combination with the above chart.

2021年1月8日

交易進行

3rd time lucky! Resistance convincingly smashed. Should today's candle close as it currently is a much stronger move to the upside should be expected. RSI is currently overbought however Stochastic RSI is above 80, can only be bullish as long as that remains.

2021年1月9日

註釋

Resistance broken. What I expect to occur next is a test of target before support confirmation:

2021年1月18日

交易進行

Lot of energy with the close of last week's candle - the length of the tail suggests buyers were in abundance.

2021年1月30日

註釋

Target reached - Banana!