Price analysis | BNB and BAT.

Price analysis | BNB and BAT.

By MadMaxx | Trader's paradise | 21 Aug 2020


Hello and welcome to another price analysis. Boy have I got some great news for you!

I opened your eyes to the opportunities residing in BNB and BAT yesterday. In today's articles I bring with me even more opportunities. 

Let's get started!

BNB

 

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BNB went according to plan.(read yesterday's analysis for what "plan" means).  The mid point of the triangle held as support and we saw a very decent bounce from there. I alerted my telegram channel members before the bounce, and we managed to secure 40% profit with 10x leverage.(consider joining my group!)

The pump was predominantly caused by big boy CZ tweeting about BNB's latest update: DeFi.

This caused a lot of FOMO, but for something with such a high market cap, the FOMO only moved it about 4%.

We are now about to bounce from the moving average, which is a wonderful entry in my opinion.

 

BAT

Try as I may, I was unable to post the chart for BAT. It's a rather frustrating experience posting pictures on this site now, as all I see is a grey screen and it comes back to the post. Please bear with me.

BAT broke out from yesterday's structure and pulled a 33% move again today. In other words, if you had taken both my setups on BAT, you would have made a total of 66% now in just 4 days. Amazing stuff!

BAT currently faces resistance in form of the strong 3.3k sat level. I have already sold my holdings there, and would look to buy on a confirmed breakout of the level.

 

Thanks for reading! If you enjoyed the post, a like and tip would be amazing. See you soon!

 


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.


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