Hi Traders! 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 • Chaikin Money Flow – very strong pressure on the price • MACD – positive convergence • Fibonacci scale – very low at Trend Based Fib-Extension • Weis Waves – supply has evaporated – nobody to sell = price is going up • Ichimoku Cloud – just crossed TenkanSen on the daily chart • 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!