BAL has conquered the 20$ zone and is heading towards the 24$, 30$ and 36$ zones. If it loses the 20$ zone, it will fall back to the 16$ zone

🔴Buy : 19.5-20.5$. SL if B 🔴Buy : 23.4-24.6$ if A. SL if B
🔴Sell : 23.4-24.6$. SL if A 🔴Sell : 29.3-30.7$. SL if A 🔴Sell : 35-37$. SL if A
🔵Sell : 19.5-20.5$ if B. SL if A 🔵Buy : 15.6-16.4$. SL if B
🕯Timeframe : 1 Day 📈Red Arrow : Main Direction as BUY & SELL section 📉Blue Arrow : Back-Up Direction as BACK-UP section 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section 🅰️A : The Close price of candlestick is Above the zone 🅱️B : The Close price of candlestick is Below the zone

  • Balancer is an automated market maker, decentralized exchange and liquidity pool protocol built on Ethereum that allows users to provide liquidity for multiple assets simultaneously.
  • Improving on the idea of liquidity pools pioneered by Uniswap and Bancor, Balancer allows for custom ratios of assets for each pool, instead of just 50-50 of each asset.
  • Each pool can set its own customized trading fee, which rewards liquidity providers who bear the risk of impermanent loss due to fluctuations in value of the assets they hold in the pool.
  • Balancer's BAL token acts as a governance token to help the project set features such as issuance rewards and whitelisted pools for liquidity mining.
  • When users trade, their orders are filled by multiple pools with better pricing and lower slippage.