Pattern: Cup & Handle (Bullish!)
A nice Cup & Handle formation in the Basic Attention Token (BAT) / USD chart.
As you can see BAT is slowly gaining momentum against the US Dollar. It lies above the simple moving average (sign that it is in an uptrend) and the MACD is showing evidence of bullish behavior. The Relative Strength Index is at 60, which is acceptable for a nice upward run tomorrow.
As always, you can never be 100% sure about anything. At the end the market will decide the outcome.
Recommended Guidlines to Follow:
- Wait for the Break Out
- Open your position by following the trend
- Set your target limits
**Always set your stop losses when long
I wish you massive profits on all your trades,
Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.