BATBTC trade ideas
BAT fulfills the "Inverted Dragon." Channel 43%. Pivot points.Now the coin is at the bottom in the global channel in increments of 160%.
A local uptrend within this channel has broken through, thereby confirming the formation of the “Inverted Dragon” figure.
Short targets and at the same time points for observing a price reversal:
1) Hump level.
2) The support level of the local and global horizontal channel (very strong level).
3) Head Level (at the same time minimum price).
The local horizontal channel has a step of 44%.
The global horizontal channel has a step of 160%
I showed entry points on the chart.
The trading potential in the local channel is from +30 to + 40% . Also, if the price breaks through and fixes above the channel resistance line, the local growth potential is still the height of the previous channel by + 40% , the next strong resistance is at this level.
You can also enter at the head level of the inverted dragon when confirming support. It is unlikely that the price will fall to this level, but you need to be prepared for those things that seem unlikely.
It all depends on the breakthrough / retention of those zones that I showed on the chart.
I have been trading the BAT coin for over a year. I took all the main price movements. True, from only 100% of the movement, I took averaging 60-80% of the price movement.
Here in this trading idea I showed a global channel.
BAT is at the bottom of its former channel Potential + 140%
A teaching idea where a detailed review of the "Inverted Dragon" formation is made
BATBTC, above 200MA and ready for a golden crossWelcome fellow Tradingviewers,
This analyses is only showing you guys my vision on BAT and should not be considered as financial advice. If you agree or find this analyses usefull, dont forget to leave a Like!
We are a huge fan of BAt because this is one of the crypto projects that is already showing real world use-cases. (if youre not familiar with the use case, check: Brave Browser)
A few weeks ago we spotted a great buying opportunity because of the huge MACD and RSI divergences that were seen on the daily and weekly timeframe. Now that we have cooled of a bit from that first run it is time to see if we can go for a second leg up.
BATBTC has been consolidating above the daily 200 MA for almost two weeks now, with the 50MA almost crossing above the 200MA to create a golden cross we are confident that prices will start rising again.
This was a short one, still hope that you guys enjoyed!
KR,
Forallcrypto
BAT/BTC Parallel Channel LongThis is a great spot to ride out this channel with a good amount of support at the base from a longterm downtren line and the 200MA. The re-entry location could also be used as a entry location but only after the T1 has been hit. I feel confident that the 55MA will be retested before moving to top of channel. If you play this trade from the Re-Entry level your profit taking at T2 would be 14%.
