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BATUSD 6D: BEST level BUY/HOLD for 100%+ gains (SL/TP)(NEW)...
Long term trend here shows a classic wedge pattern (as we have seen with BTC). Currently, BAT is testing long term resistance and it is unlikely to break out of it without some additional stimulus. For example, if BTC breaks out of its long term wedge this will likely spark a huge rally of alt coins. Additionally, Brave may announce a new feature of their browser...
Looking at the weekly BATUSD chart, there is a downtrend and an uptrend. The downtrend channel started in 2019 (RED), and we might finally broke out of this downtrend, to continue in the uptrend channel (GREEN).
BAT has been growing consistently each week since the crash in March, and has a strong uptrend.
The weekly MACD did a bullish zero...
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We need to make sure we can continue to receive support from the uptrend line (4).
If it goes down, you should get support on the uptrend line...