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ChArtWorks_TechnicalArts
Aug 9, 2019 8:16 AM

$BAT / $USDT Bullish Cypher (Safe Entry) Long

Basic Attention Token / TetherUSBinance

Description

You are at the PCZ of the potential Bullish Cypher with Bullish Divergence and also at support. This is an extremely low risk entry, and you really only risk a little over 3% with your stop slightly below x and under support. Potential Targets are listed above. 1st being our conservative target of 0.234, second at 0.252, third at Wick A (0.2638) and our the 100% retrace target at 0.2794

Trade closed: stop reached

Some trades don't work out! We also exceeded the retrace from X-A so it wasn't a valid cypher but that being said, I still plotted it as a potential trade set up because you only exceeded it by about 3-4%
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