BAT has been forming a bullish rising triangle for several days now. It has been battling with the 23.6 fib and judging by the charts it looks like it will win soon. I suspect we are in the final accumulation zone before we take off and attempt a try at the 38 fib line. Keep a trailing SL due to BTC's tight trading zone.
Buy Zone: 2600-2700
SL: 2550
First Target: 2900
Second Target: 3000
Third Target: 3400
Buy Zone: 2600-2700
SL: 2550
First Target: 2900
Second Target: 3000
Third Target: 3400
Trade active:
We are still in the buy zone and closing in on the end of the triangle. I expect liftoff very soon.
Comment:
First and second targets hit. The third target is a bit of a push in the short term so I would only hold a small amount (25%) for it.
Trade closed: target reached:
Final target of 3400 reached and profits have been taken.