BAL/USDT – Symmetrical Triangle Breakout Watch 🚀 Balancer is currently trading inside a well-formed symmetrical triangle on the daily timeframe. The price has been consolidating between $1.10 support and $1.50 resistance, and is now approaching the apex of the pattern – a breakout move looks imminent. 🔹 Pattern: Symmetrical Triangle (valid structure, converging trendlines) 🔹 Support: ~$1.10 – $1.15 🔹 Resistance: ~$1.45 – $1.50 Breakout Scenarios: ✅ Bullish Case: A decisive breakout above $1.50 with strong volume could trigger a rally. Based on the triangle’s height, the measured move target projects towards $4.00 – $4.80. Key levels to watch on the way up are $1.90 → $2.30 → $3.00. ❌ Bearish Case: A breakdown below $1.10 may invalidate the setup, with possible retests of $0.85 and even $0.65.

CAPITALCOM:BALUSD Long Trade Setup 🚀 The breakdown of the downtrend is confirmed as the price is respecting the trendline support. It is poised for a substantial relocation! Entry Zone: $1.0664 - $1.1270 Stop Loss: $0.9585 . TP1: $1.55 . TP2: $1.85 . TP3: $ 2.25 Confirmation: Breakout pattern with holding above trendline. Make the most of 3x–5x margin of safety It looks like the accumulation is finished. A breakout season could ensue! 🔥 DYRO, NFA

BAL is oversold with bullish divergence. It broke multi year diagonal resistance line and tested it from above, doing similar pattern to OM before it went for crazy bull run. I am expecting bounce up and strong push toward May 2021 pivot (fibb 0.886/ATH range). If we manage to hold there, do a consolidation with series of higher lows, then expect breakout to new ATH with max potential target being fibb 1.618 extension triggering big correction - similar move to OM.