BAT Making big moves on the DAILY
BAT, breaking out on the daily.
Looking at BAT on the daily it has moved parabolically off the primary Orange Dotted Trendline. I am looking for more primary trendline support and, giving STRONG consideration to adding BAT to my portfolio.
There is significant resistance at the green horizontal trendline $0.19869 as well as the upper green channel trendline. The price has nearly doubled since hitting BAT's most recent low, NOT BAD, and something to keep on your watch list!
Trade recommendation:
Too bad it’s difficult to consider entering at these levels because we don’t chase trades. We have to wait until the profit taking occurs and determine if we are going to get some distribution to the next lower high-value node. I think dollar cost averaging with an entry price consideration of .15xxx or lower. This is a really big move for BAT, and unless the longs are going to DIG in, the previous volume indicates prices are slated to go lower after we strike resistance.
Don’t forget to hit that thumbs up and follow Biff on Twitter for more crypto news and fun in the crypto sun. Keep a watch on BAT!
Best,
Biff
Looking at BAT on the daily it has moved parabolically off the primary Orange Dotted Trendline. I am looking for more primary trendline support and, giving STRONG consideration to adding BAT to my portfolio.
There is significant resistance at the green horizontal trendline $0.19869 as well as the upper green channel trendline. The price has nearly doubled since hitting BAT's most recent low, NOT BAD, and something to keep on your watch list!
Trade recommendation:
Too bad it’s difficult to consider entering at these levels because we don’t chase trades. We have to wait until the profit taking occurs and determine if we are going to get some distribution to the next lower high-value node. I think dollar cost averaging with an entry price consideration of .15xxx or lower. This is a really big move for BAT, and unless the longs are going to DIG in, the previous volume indicates prices are slated to go lower after we strike resistance.
Don’t forget to hit that thumbs up and follow Biff on Twitter for more crypto news and fun in the crypto sun. Keep a watch on BAT!
Best,
Biff
Kommentera:
Testing the green horizontal trendline for the 3rd time. Will it hold?
Kommentera:
Three times the charm -- resistance has held and now they will chase the price lower. I am still watching closely! If you don't follow Biff, better consider doing so!
Kommentera:
Looking for trendline support! The crypto market went Bear!
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