BALBTC- Potential for 20% jump?

Sep 28, 2020

BAL has had a bit of a rough go, much like the rest of the market, in recent times.

Up until a few days ago, clear descending channel.

It had a breakout then got stopped at very firm support turned resistance. I've got a feeling we might see a jump back up here in the next week or so.

INDICATORS

MACD has a bullish divergence right now and just fought off a cross into bearish.
Stoch on the uptick but has room to grow.
Volume decent volume spike on last resistance retest, steadily diminishing volume otherwise.
EMA we're below EMA 100 & 200 on the 4H chart. Tends to be a good sign of a rebound up to around there when you start seeing a reversal.

TP's:
#1 - 0.00153
#2 - 0.0017

SL: 15% Max. If it breaks down through the historic support it'll be in trouble.

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Oct 1, 2020

Note

First TP Hit @ 0.00153 :)

Oct 1, 2020

Note

Second TP Hit @ 0.0017 . Sold myself short on this one looks like we're mooning.

Oct 1, 2020

Trade closed: target reached