BAT/BTC - Bullish next 6 Month
Beside the strong fundamental network news with solana ist BAT/BTC Charts looks extremly interesting.
The Daily is trying to make a higher low which is the starting point of any bullish run. Asson as the blue diagonal gets crosses on the daily timeframe
I expect a bullish run for BAT.
The Daily is trying to make a higher low which is the starting point of any bullish run. Asson as the blue diagonal gets crosses on the daily timeframe
I expect a bullish run for BAT.
Price is holding above the high time frame 0.5 Fibonacci Level which underlines the bullish
narrative from a technical point of view.
I drew fibonacci extension level in order to determine possibe targets on the usdt chart.
The 2nd target is only an option IF price can close above the diagonal resistance. The diagonal acts like a momentum catalysator. Once broken price continues its bullish run most of the time. If price rejects from it in terms of a bearish candle stick price starts a temporary correction.