BAL/USDT Double Break Out

BAL/USDT has seen amazing bullish price action in the last week, increasing with almost 50%!

In the last 24 hours the price has both broken out from the channel and from the bullish triangle. Let's hope that these break outs will lead to more bullish action!

Seeing the size of the candles of the last couple of days, I'm confident we will see more of that in the near future. I've marked two areas of potential resistance, R1 and R2, where I expect the price to either consolidate or reverse. R1 based at the September high and R2 based at the round number of $30. If we're gonna see anything like an alt-season, this is a pair to keep your eyes on.

Happy trading!