BATUSDC trade ideas
BATUSD 1WEEK has potentialBATUSDC Has big time potential in the coming weeks. The Adam and Eve make it look like the bottom is in. The RSI is poised to break higher, and the macro price level resistance can be broken. Oh, and the fundumentals with BAT and Brave Browser are solid.
Also, this is a very similar chart to COINBASE:XTZBTC
Let's see what happens...
Not financial advice, obviously.
BAT - Another perfect setup! Target 75 cents.Swing trade alert here. Time frame = 4-6 weeks.
You can see a perfect Cup and Handle pattern is almost complete. The RED line measures the depth of the CUP. Clone that and estimate our exit from the handle and we'll come up with a fairly accurate target. I will post a picture of this in the comments section.
Again, this is not a fast trade. Give it at least 4 weeks. It may happen faster but I'd rather under-promise and over-deliver on expectations here.
Let me know in the comments if you are taking the trade. Follow this post and I will update along the way. When we reach the target I will close out.
Happy Trading friends!
BAT Resting in a Defined ChannelBAT enjoyed a stable price range from $0.23 - $0.28 from Jun through September this year, and this weeks jump has brought us back to this range from a Fall low. If the shoe fits...
The notable price surge in Aug may have been due to some corporate buy in - I think I noticed PayPal ads begin to appear around this time - and the current BTC surge has been led predominately by major firms. More sporadic surges like this make sense in the future as advertisers discover the product, followed by an eventual overall increased valuation of BAT. If true, the more surges the better. Watch prices carefully and set stop losses firmly. :)
Well THIS is rather ominous! BAT 6-7 cents by U.S. Election?!?!If the chart plays out, could be deep trouble for BAT HODLers! I see a reverse Cup and Handle pattern here in correlation with the broader crypto markets and Bitcoin. Also, crypto markets are in correlation with the broader markets (S&P, Nasdaq, DOW) which is currently seeing a Head and Shoulders pattern in full swing with more room to move down.
I don't want to believe it but I have to set my emotions aside here and trust my charts. For me, the safest move to make right now is mostly CASH until after these U.S. elections are finalized. What a mess!!!
Best of luck traders! Let me know in the comments what you are doing with your $$$.