It looks like BAT is currently trading within a bullish pennant pattern.
Yesterday, it broke out but it wasn't able to hold. However, I am still optimistic on BAT because there was very WEAK volume on red candles. It was able to hold its support from the bottom of the pennant.
I entered into a position at 2120 satoshis.
May find some resistance at 2300/2500/2750/3000 satoshis.
I am holding BAT for long and will scale out my position along those resistance levels.
DISCLAIMER:
I am relatively new at trading. I have been watching the market since the beginning of this year and started learning Technical Analysis about 3 months ago. Please feel free to give me any feedback or criticism! I appreciate any and all comments :D
Yesterday, it broke out but it wasn't able to hold. However, I am still optimistic on BAT because there was very WEAK volume on red candles. It was able to hold its support from the bottom of the pennant.
I entered into a position at 2120 satoshis.
May find some resistance at 2300/2500/2750/3000 satoshis.
I am holding BAT for long and will scale out my position along those resistance levels.
DISCLAIMER:
I am relatively new at trading. I have been watching the market since the beginning of this year and started learning Technical Analysis about 3 months ago. Please feel free to give me any feedback or criticism! I appreciate any and all comments :D