BATBTC trade ideas
BAT/BTC (Trading @ Key Support Area)BAT/BTC
-Basic Attention Token is now trading at Key support area
-This area is a confluence of previous support and resistance
-There is a High chance we can see another bounce up a reaction in this zone
-Provided the market will be in our favor in the coming days
-BAT may rally back up to 3000 sat range which is over 40% increased
-A good early signal is it can pass the 2350 local resistance
-For now, let's wait and see how this coin react within a week
-If you will enter a position, place stop loss under the green support line
BATBTC breaking outHi all,
BAT is breaking out now just as expected. The reversal to the upside was in the making ever after we surpassed the diagonal resistance. Now the BATBTC pair is going after our next target as marked on the chart. I would take out some profit once reached as a pullback is to be expected.
Cheers,
BAT/BTC Wyckoff distribution Bat is currently sitting in a big range, accumulating.
The upper resistance is given by the Fib retracement since ATH (0.382 FIB).
BAT is showing the same pattern as ADA before starting the massive bull run.
This is usually a boring period with up and downs of around 5-10%.
One can start accumulating in this area, or the other way is trading the breakout of that FIB retracement.
This is just an educational post, do your own research before investing.
BAT - Basic attention token looking ready to launchHi all,
BAT is looking quite interesting now against BTC. The pair I'm looking at is on Binance.
As you can see on the daily chart, the coin is now on critical horizontal resistance, which if surpassed will open the door for the next stage to the last reached high from February.
The downside reversal was exhausted after BAT found stability at a previously solid horizontal support line (red line), so today it breaks out of the downtrend.
Let's see how the current setup evolves and good luck in trading.
Cheers,