Hello guys, i hope you all are having an amazing day !!! So today i am going to analyse the price of BAT ( Basic Attention Token ) binance chart.
As shown in the above image , i have done the price analysis of the coin by using the Simple Moving Average of 50/200 and the folllowing trend lines of Resistance & Support !!
The trend line support is already broken and 200 MA is now acting as support, However the trend line support will now work as the Resistance for the price.
Keep eye on that resistance trend line, i it remained unbroken BAT price will see a huge fall and you can take a short position accordingly with a Stop Loss.
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DISCLAIMER-
"ANALYSIS ON TUP.CRYPTO IS ONLY FOR KNOWLEDGE AND LEARNING PURPOSE, WE DON'T TAKE ANY RESPONSIBILITY OF YOUR LOSSES OR PROFITS IN ANY CASE !
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HAPPY TRADING ! :)