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mablack15
Feb 20, 2021 7:38 PM

BAT - Bull Pennant Long

Basic Attention Token / BitcoinBinance

Description

BAT/BTC is falling in a pennant after a recent run. It looks like it is holding support right now and we can see some buying volume coming in here. This leads me to believe we will be running for resistance again with potential to break it.

Entry: 1040 - 1070 sats
Stop Loss: 975 sats
Targets: 1150, 1200, 1350 sats
Comments
augustinheliot
i dunno, from my end it looks like a textbook descending triangle :/
mablack15
@augustinheliot it does look like a falling wedge, but those tend to be bullish. If it was ascending I’d be more worried as those are a bearish indicator
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