BAT-USDC Breaking DowntrendBAT-USDC has been in a downtrend since late April 2019 and has finally broken the downtrend with confirmation.
Buying at these price levels ($0.18 to $0.20) provides a great risk/reward ratio.
This trade is more of a multi week/month swing trade.
Stop loss should be placed at the recent low, which is around $0.165.
BAT-BUY
Basic Attention Token (BAT) Buying PointsFor people that believe in BAT and would like to hold it for the long term, I recommend buying from the following points based on the Fibonacci analysis and the current uptrend.
1) Buy If it breaks $0.23
2) Buy if it pulls back towards the uptrend, which is currently at $0.18 but will rise with time. Of course, it would be best to buy at a point where the uptrend and a fib level intersect but this is not guaranteed to happen.
Stop loss for scenario 1 would be $0.215 (>7% loss).
Stop loss for scenario 2 would be $0.163 (>10% loss if bought around $0.18).
