52 Week High Breakout with Huge Volume FootprintsJust broke its 52 Wk high few days ago and consolidated a bit with the classical Cooper Momentum Formation (See: Hit and Run by Jeff Cooper) . Strong volume here also strengthens the validity of a breakout.
Long. Might take a few days to test its ATH levels at around 0.50.
BATUSDT trade ideas
BATUSDT trading ideasTechnically, BAT/USDT still looks very bullish. However, there is a slight rejection after reaching the 1.618 Fibonacci ratios. This can be used as buying opportunity. the next target area is shown in the red rectangle. That level might be reached in several weeks as long as BTC dominance still going down.
BATUSDT AnalysisPeople who bought BAT in the first week of August from BULL signal, enjoy your 28.38% PROFIT that you made in less than 2 weeks!
If you are holding BAT, do not hurry to sell since there are no sell signals present and the candle has open-closed above the resistance level (0.33) for 1D and it turned into support level.
You can sell when there are sell signals present from EngineeringRobo or you can wait for candle to open-close below the support level (0.33) for 1D to sell.
Also, if you haven't bought BAT, the risk-reward ratio is higher than 2, there are BULL signal present and the candle has open closed above the resistance level. So, if you want to buy, you can buy right now. Once you buy, please watch out for EngineeringRobo's sell signals.