JoshMcGruff

$BAT - Giant Triangle, ready to run.

Long
BINANCE:BATBTC   Basic Attention Token / Bitcoin
$BAT is currently making a very large triangle and so far has respected these trend lines .

It touched support at about 3420 before bouncing.

At current prices, this will give about 50% gains to the top of the triangle.

Also, the Stoch is extremely oversold and starting to curve.

This is a trade I am entering with a Stop-loss below the Yellow Support line.

With this coin also being a contender of Coinbase and a working product, it is very strong in FA as well and may get boosted up out of the Triangle with bullish news.

Comments

Keep this trade updated, please. Wanna see how this rolls out :)
I'm wondering if this goes down if BTC goes down too....then it's double down...
+2 Reply
eeltomek jurepetrovic
@jurepetrovic, BAT has just dropped 50% since mid July, sure there is space for more drop (there always is) but both TA and FA are good for $BAT
Reply
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