Hello friends! The holidays are approaching, I hope you are all doing well! Much Love!
This is a daily chart of basic attention token - BAT.
Previously, we broke a triangle and started a down trend which ended (the high of uptrend is higher than the previous low of downtrend). Now we are in an uptrend which makes this a safe trade. We crossed MA50 a few days ago and we are steadily moving up. It is a great entry point because we have not yet have our insane run, so this entry is still reasonable and profitable.
This trade is based on moving averages. MACD is about to get even more bullish. The targets are represented by the purple boxes based on fib levels. Entry can be placed in the green box. Red line is stop loss. (Or lower so you don't get kicked out if there's a dump before the spike).
Good luck trading, I wish you all a wonderful day! And I hope this information is helpful and beneficial to you!
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Peace! And again, I wish you all another profitable and great day! ***