BAT price analysis for today.

BAT price analysis for today.

By MadMaxx | Psycho Crypto | 27 Jan 2020


Yesterday, I gave a price analysis on BAT, stating what it was likely to do, when and why.

I gave all the important supports and resistance levels, and why you should mind them.

Then I gave an analysis of what the price might do today and in the future.

If you want to check out the post, do that here.

But basically, I said that BAT's price will reach the most recent resistance level, but will come crashing down back to support after testing the resistance a few times.

Now, I don't mean to toot my own horn, but *toot* *toot*.

The price action played out exactly how I said it would. 

The price has reached and tested the resistance level about 3 times today, which means that a fall in price is close by.

Testing of the resistance level might mean that it is about to breakout, but it could also mean a lack of sellers which might drive the price down.

So the best way to trade this will be to enter a long position around the neckline of the support and resistance lines, but a stop loss will be set around the previous red candle's open. This will ensure you don't get stopped out if the move is up, but will also be able to ride the wave if it moves up.

But as usual, don't take my word for it! Do your own research!

I also want to use this as a medium to thank you all for your support. It ahs been amazing. Through the tips and the comments, I have received a ton of support, and I really feel blessed.

More content coming!

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MadMaxx
MadMaxx

In the eternal quest for crypto fulfilment. I'm an obese frog on the internet, what I say most definitely isn't financial advice.


Psycho Crypto
Psycho Crypto

Fun experiments with crypto!

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