Hello traders,
On 1H chart we can see that BAT is forming huge bull flag after nice growth. This downtrend channel is just regular consolidation after bigger move up. BTC dominance is still falling, next support is at 58% so there is much more space for alts to grow. There are also rumors that BAT is one of candidate for Grayscale portfolio (cryptobriefing.com/grayscale-hints-5-more-cryptocurrency-trusts/) It this becomes reality, BAT will obtain huge pump up. But for now, it is just speculation.
In case of entering long - if entering long above lower flag trendline, put SL under lower tl, if entering long above upper channel tl, sl below upper sl. Always use stoploss.
I will appreciate like & follow if you like this setup.
This is just idea, not investment advice
TRADE WITH BRAIN, NOT GREED
On 1H chart we can see that BAT is forming huge bull flag after nice growth. This downtrend channel is just regular consolidation after bigger move up. BTC dominance is still falling, next support is at 58% so there is much more space for alts to grow. There are also rumors that BAT is one of candidate for Grayscale portfolio (cryptobriefing.com/grayscale-hints-5-more-cryptocurrency-trusts/) It this becomes reality, BAT will obtain huge pump up. But for now, it is just speculation.
In case of entering long - if entering long above lower flag trendline, put SL under lower tl, if entering long above upper channel tl, sl below upper sl. Always use stoploss.
I will appreciate like & follow if you like this setup.
This is just idea, not investment advice
TRADE WITH BRAIN, NOT GREED
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。