Long
BAL Possible Parabolic Continuation
$BINANCE:BALUSDT has been on a good trend up this year, going from the low-teens at start of January to nearing $60 start of April. The chart looks prime to continue its ascend. It has a nice rounded base and all re-testing has respected the parabola. Considering the type of project, it is not far-fetched to imagine BAL going on a true parabolic advance similar (percentage-wise) to other AMM-based projects.
Market-permitting, I see this going a few multiples higher.
Market-permitting, I see this going a few multiples higher.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.