BAT USD - wait for the breakout

Oct 2, 2017

BAT looks promising against rising BTC, however, to go long one should wait for a breakout above the highlighted triangle and 50% Fib level which is around 0.000065 area. Pending buy orders can be placed above the mentioned level, with selling target at 0.00008480 and stoploss at 0.00006.

However, if triangle fails to break above, pending orders should be cancelled, and wait for new buying levels.

Oct 6, 2017

Note

The trade didnt initiate as BAT didnt cross 6500 level against BTC.
However, current level gives a 20% profit opportunity, targeting 6500 level with toploss just under the 5200 level