Hi, I hope this analysis is useful for you.
I live in Iran and I intend to buy a Pro site account. But because our money is worthless against the dollar, it is very difficult for me to buy a trading account and I have to spend my 1 month salary to buy an account.
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BAT is forming a Symmetrical Triangle pattern but the buying force has weakened, and BAT is being pushed out of a pattern on the lower edge of the triangle and volume is not good so it looks like it will be pushed back to 0.18$ zone or even 0.15$.
Only when BAT closes a 1D candle above 0.2-0.205$ zone will BAT resume its uptrend with targets of 0.23$ and...
BAT currently trading within a descending channel and possibly looking to break out. Looking for a daily candle reclaim of 20.61 to initiate Entry. TP's and Entry level on Chart. Stop loss below last 4hr Consolidation. R:R = 3.7 to 7+
Not looking good for BAT token, as there is a descending triangle. Also, bitcoin dominance is rising heavily, which is bad for all altcoins. You can profit from this move on any crypto futures market.
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After some confirmation over 4H, 1D, and 1W charts, it's clear now that the price for BINANCE:BATUSDT will fall again till the next support level.
entry price : 0.1952
TP1 : 0.1558
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Strong support around 0.1990$-0.2$
If it can hold above this price there is high chance of big pumps towards fibo resisance in chart
1- after break of trend line (purple color)
2- in support around 0.2$
**Stop daily close below 1770$