BAT/BTC Bottommed in Bullish Territory? (+75% Potential Profits)
Hello Traders,
Today we are looking at the daily chart for Basic Attention Token (BAT) on Binance, a coin which seems to be testing some key levels that have acted as strong supports in the past. We can see that this coin has retraced massively since its last bullish wave, which peaked at around 3700 satoshis. The MACD is also very low and the RSI is entering oversold regions, indicating that this downtrend may be coming to a halt soon.
We can see, historically, that whenever this coin trades at these levels (blue boxes), it is only a matter of time before the next, massive bullish wave. Keep your eyes on this coin for that bounce, because we may see some massive growth shortly after.
A potential trade set up could be:
Entry: 1850-2000
Support: 1700-1800
Take Profits:
1 - 2250 (+15%)
2 - 2525 (+32%)
3 - 2925 (+53%)
4 - 3325 (+75%)
Let me know your own thoughts and comments down below. Also, leave a like and follow me if you liked the post! Thanks for reading, happy trading.
Price at writing: 1910 satoshi
Today we are looking at the daily chart for Basic Attention Token (BAT) on Binance, a coin which seems to be testing some key levels that have acted as strong supports in the past. We can see that this coin has retraced massively since its last bullish wave, which peaked at around 3700 satoshis. The MACD is also very low and the RSI is entering oversold regions, indicating that this downtrend may be coming to a halt soon.
We can see, historically, that whenever this coin trades at these levels (blue boxes), it is only a matter of time before the next, massive bullish wave. Keep your eyes on this coin for that bounce, because we may see some massive growth shortly after.
A potential trade set up could be:
Entry: 1850-2000
Support: 1700-1800
Take Profits:
1 - 2250 (+15%)
2 - 2525 (+32%)
3 - 2925 (+53%)
4 - 3325 (+75%)
Let me know your own thoughts and comments down below. Also, leave a like and follow me if you liked the post! Thanks for reading, happy trading.
Price at writing: 1910 satoshi