BAT/USDT Long 7/26/20BINANCE:BATUSDT
BAT looks like we'll loose a bit more, followed by a bounce off of strong resistance. From there I feel relatively confident in the first two TPs, with a decent chance to reach the 3rd.
BATUSDT trade ideas
BAT/USDT possible bullish breakoutWe can see BAT/USDT is moving in an ascending market structure.
Currently the Volume Oscilator is descending, which means not much volume is supporting the actual move. If we see a breakout above the black resistance box and we see volume flowing in there is a high chance to test the 0.275 level.
BATUSDT 1D long setup; pullback finished, target top of channelTA Explained
In the daily timeframe you can see BATUSDT finished the pullback (which we successfully shorted, see related idea) in the golden pocket taking the fib on a 3D timeframe. Price bounced and is moving upwards.
Targetting top of the channel, with inbetween targets a previous top and previous top wick.
SL below previous low, mid line of the channel and fib 0.786 level. SL at 8.22% of average entry so a maximum of 24.6% loss of position is at risk following this setup.
Trade setup
Best entries: 0.2560 - 0.2445
TP1: 0.2712
TP2: 0.2917
TP3: 0.3122
SL: 0.2299
RR: 3
Max leverage: 3x
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Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
What is happening with BAT ????Hello MEGAGENTE.! Here I bring you a mid-term analysis for what this pair is, if we see it draw in Fibonnacci but from the maximum to the minimum, let's say historical, marked in turn by those green and red lines that made a descending wedge, which by they usually break up just like it did, it broke and now I use that green line (old resistance) as support. As far as it can go or where I expect it. ????
FAST POINT: 0.5 fibo = 0.28 $ approx.
MEDIUM TERM POINT: 0.6 fibo = 0.30 $ approx.
LONG TERM POINT: 0.7 fibo = 0.40 $ approx.
But it must be taken into account that this pair is in a great recovery, finally breaking that already mentioned pattern, and if we see well the EMA and the WMA are pointing downwards as if looking to close. so anything can happen. I already have my ticket and those as I told you my possible points of sale for the next few days.
succeed for everyone.!
BATUSDT analysisThis is a buy. Buy 2 signal with a green robo cloud signal indicate it is a buy. The bolinger bands help us to decide when to buy and sell short term as well. I have created mini resistance(sell) and support(buy) lines to help.
Setting stop lossIf anyone having long in the pair its time to take precautions.
Getting rejected on 1hour and 4 hour time frame and just clinging on daily support.If it breaks more downside coming soon.
BATUSDT AnalysisThe trend is currently moving below the uptrend line. There are a few possibities.
1. According to Bollinger Bang Strategy, I should not make a decision to sell or buy, as long as the trend is in the blue cloud. At this point, I should wait until I reach a buy or sell signal from the Robo .
2. The trend may go up and break the resistance line, in that case I will watch for an open-close candle above this line and then buy it.
3. The trend may continue to go down and break the support line below, and in that case I will watch for an open-close candle below this line then sell it.
