BAT Possibly start of the uptrend
Timeframe: 240M
Main Scenario: After having an explosive run movement last Monday, BAT resigned all the winnings and is now moving just below the central Pivot Point in this 4-H chart at 0.00003945. This coin has been moving strongly during the last 6 months and has good support.
The volumes are very low right now and the pair is moving in range since yesterday; the indicators are oversold and pointing up, we could possibly see the start of the uptrend. We can wait for a confirmation for and long entry if the price manages to cross the Central Pivot at 0.00004032
Alternative Scenario: The price could bounce in the Pivot and could fail to look for lower lows this week.
Entry/Stop Loss/ Take Profit: We would go long on this pair if the price crosses the Pivot at 0.00004035 with 2 targets
T1 = 0.00004203 (4.1 %)
T2 = 0.00004443 (10.1 %)
The Stop Loss can be placed at $ 0.00003832 (-4.3%)
Duration: 2-3 Days
Consolidation/Ratification level: If the price crosses the first target, you can drag the stop loss to the entry point.
Warning Level: A further drop below the Pivot S1 will invalidate this setup.
Risk Management: Risk/Reward Ratio: 2.05. If this becomes a valid setup we could have a profit between 4% and 10%.
Main Scenario: After having an explosive run movement last Monday, BAT resigned all the winnings and is now moving just below the central Pivot Point in this 4-H chart at 0.00003945. This coin has been moving strongly during the last 6 months and has good support.
The volumes are very low right now and the pair is moving in range since yesterday; the indicators are oversold and pointing up, we could possibly see the start of the uptrend. We can wait for a confirmation for and long entry if the price manages to cross the Central Pivot at 0.00004032
Alternative Scenario: The price could bounce in the Pivot and could fail to look for lower lows this week.
Entry/Stop Loss/ Take Profit: We would go long on this pair if the price crosses the Pivot at 0.00004035 with 2 targets
T1 = 0.00004203 (4.1 %)
T2 = 0.00004443 (10.1 %)
The Stop Loss can be placed at $ 0.00003832 (-4.3%)
Duration: 2-3 Days
Consolidation/Ratification level: If the price crosses the first target, you can drag the stop loss to the entry point.
Warning Level: A further drop below the Pivot S1 will invalidate this setup.
Risk Management: Risk/Reward Ratio: 2.05. If this becomes a valid setup we could have a profit between 4% and 10%.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.