Hey investors, BAL / BUSD is in a bullish dynamic in a descending triangle with higher and higher lows and a sharp decrease in trade volume. The RSI is above 50.00 which lets us see that it is an underbought area, so market demand is so strong with a MACD above zero. And a return on the purchase volume negotiated with great potential for the breakout triangle on the top or on the last trough if the bears return to the market supply. We have a point (E) for optimal entry on the ELLIOTT wave as confirmation and return of smarts money.
With related resistance at point (B) for a retracement after coming on the last down leg. See how the price reacts on this zone of resiatance in order to decrease the risk and reduce the exposure on short term positions for long terms. After that, check the sentiment of the future market for this third quarter. All of this is available for free, please give me a hand if you like this job.
Please like and follow, thank you!
With related resistance at point (B) for a retracement after coming on the last down leg. See how the price reacts on this zone of resiatance in order to decrease the risk and reduce the exposure on short term positions for long terms. After that, check the sentiment of the future market for this third quarter. All of this is available for free, please give me a hand if you like this job.
Please like and follow, thank you!