Simple TA on Basic Attention Token (BAT)
No complex TA, just plain vanilla.
Looking at the longer term support trend, we see BAT testing this support with an increasing divergence on the RSI. The likelihood of BAT pivoting at this point is not clear yet, as it is still too early to tell.
Regardless, I'd say this is a good RR ratio with a tight stop loss.
Targeting conservative profits to be booked in at the 23% fib puts this at 5000sats or 35% ROI.
If this indeed results in a full blow reversal, track chart patterns closely to book in staged profits.
No complex TA, just plain vanilla.
Looking at the longer term support trend, we see BAT testing this support with an increasing divergence on the RSI. The likelihood of BAT pivoting at this point is not clear yet, as it is still too early to tell.
Regardless, I'd say this is a good RR ratio with a tight stop loss.
Targeting conservative profits to be booked in at the 23% fib puts this at 5000sats or 35% ROI.
If this indeed results in a full blow reversal, track chart patterns closely to book in staged profits.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.