mxkee

BAT Long on Ascending Triangle Breakout

Long
mxkee Updated   
BINANCE:BATBTC   Basic Attention Token / Bitcoin
Price chart formed a 10 day-long Ascending Triangle Reversal with the upper boundary acting as strong resistance at 0.00002625 levels. The boundary was tested several times over the course of the chart pattern. The daily close above 0.00002625 levels confirmed the breakout from the 10 day-long Ascending Triangle Reversal with the possible chart pattern price target of 0.00002942 levels.
Trade closed manually:
Lack of definitive price direction increases likelihood of a false breakout or the pattern morphing into a different, larger patten. Closing trade early.
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