We’ve observed BAT since a couple of weeks and finally, we have a solid confirmation of its uptrend.
So here are the details of the technical analysis:
• Price has bounced from the previous support at 2115 st and still in the micro uptrend
• – very strong pressure on the price
• – positive convergence
• Fibonacci scale – very low at Trend Based Fib-Extension
• Weis Waves – supply has evaporated – nobody to sell = price is going up
• – just crossed TenkanSen on the
• 1st target to achieve – 3364 st (Fib scale)
• 2nd target to achieve – 4137 st (Fib scale)
• 3rd target to achieve – 4767 st (Fib scale)
• 5th target to achieve is 5400 st (last peak which aligns with Fib scale)
• 6th target to achieve is 6293 st (penultimate peak which aligns with Fib scale)
So Guys. This trade can take up to 6 weeks with many swings on its way. Be patient. Don’t panic.
Future is bright . Don’t forget about that!