BATBTC - Rise, Rise & Rise Again?
We've just closed a Short trade and netted a nice 15%, which feels good. What feels better is looking at the possibilities with the Long signal we've received from Crypto Tipster v2. BAT has been trending downward for a little while, to the point where it broke below recent support levels, it has since created a new pivot low and restored some of it's previous losses.
We can foresee a return to inside the historical trending range, that's step one - it then wouldn't be too unbeleivable to bust out the topside of this descending wedge, and if this was to happen there's not going to be much resistance until the 1730 level, which would net around 50% gains on a Long trade.
If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
We can foresee a return to inside the historical trending range, that's step one - it then wouldn't be too unbeleivable to bust out the topside of this descending wedge, and if this was to happen there's not going to be much resistance until the 1730 level, which would net around 50% gains on a Long trade.
If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
Related publications
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.