BAT/BTC 2D (Binance) Channel supporting & triangle near breakout
Updated
TA: Basic Attention Token is accumulating in the upper part of the parallel channel with only one fake-out to the downside.
I'm expecting the price to break-out the symmetrical triangle and retrace back to where it was a year ago.
FA: BAT is one of the few tokens to have a real product already functional: Brave.com a Browser rewarding you for the ad content you see.
Also, you can Earn up to 6% APR in Crypto.com App investing at least 1250 BAT (or 125 in flexible term but with less interest of course).
Current Price= 0.00002274
Buy Entry= 0.00002292 - 0.00002152
Take Profit= 0.00002682 | 0.00003026 | 0.00003859
Stop Loss= 0.00001762
Risk/Reward= 1:1 | 1:1.75 | 1:3.56
Expected Profit= 20.70% | 36.18% | 73.67%
Possible Loss= -20.70%
Fib. Retracement= 0.382 | 0.5 | 0.786
Margin Leverage= 1x | 3x | 5x
Estimated Gain-time= 1440
I'm expecting the price to break-out the symmetrical triangle and retrace back to where it was a year ago.
FA: BAT is one of the few tokens to have a real product already functional: Brave.com a Browser rewarding you for the ad content you see.
Also, you can Earn up to 6% APR in Crypto.com App investing at least 1250 BAT (or 125 in flexible term but with less interest of course).
Current Price= 0.00002274
Buy Entry= 0.00002292 - 0.00002152
Take Profit= 0.00002682 | 0.00003026 | 0.00003859
Stop Loss= 0.00001762
Risk/Reward= 1:1 | 1:1.75 | 1:3.56
Expected Profit= 20.70% | 36.18% | 73.67%
Possible Loss= -20.70%
Fib. Retracement= 0.382 | 0.5 | 0.786
Margin Leverage= 1x | 3x | 5x
Estimated Gain-time= 1440
Note
Breakout, pullback and bounced, this is looking quite good!Trade closed: target reached
TP2 was reached with +36.18% profit (180.90% using 5x)That was a really nice one and saved my weekend. Now siting on channel resistance turned support, last target is still valid in my opinion!
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