Testing/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
I copied the chart from Coinmarketcap since tradingview doesn't have the full historical price data of BAT.
The start of this wave 1 begun around .07 cents and wave 5 ended at $1.9. On this chart I have drawn a completed WXYXZ wave cause I think the bottom is in.
We do have a possibility of another leg down to .09 cents. However, I think that is very unlikely, but I will show you that in an updated chart below zoomed in.
From today's price the R/R ratio is 18.
Possible upside 1137%
Possible downside: 63%
Wave 1 on the bigger trend took us 4 years to complete.
Wave 3 on the bigger trend should take us at least 4 years. My estimated guess is about 6 years. JAN 2023 - DEC 2028.
I copied the chart from Coinmarketcap since tradingview doesn't have the full historical price data of BAT.
The start of this wave 1 begun around .07 cents and wave 5 ended at $1.9. On this chart I have drawn a completed WXYXZ wave cause I think the bottom is in.
We do have a possibility of another leg down to .09 cents. However, I think that is very unlikely, but I will show you that in an updated chart below zoomed in.
From today's price the R/R ratio is 18.
Possible upside 1137%
Possible downside: 63%
Wave 1 on the bigger trend took us 4 years to complete.
Wave 3 on the bigger trend should take us at least 4 years. My estimated guess is about 6 years. JAN 2023 - DEC 2028.
Trade active:
Another leg down would look something like this. If we do get it, your possible upside is about 3000%
Wave 3 top target is around $3.00
Wave 3 top target is around $3.00