BATBTC ready to battle 3400 sats
Welcome fellow Tradingviewers,
BATBTC has not shown much traction since we shared our first analyses, mostly just sideways action.
Untill the start of February where we finally retested our MA's for 'one last time' before aiming for higher grounds.
Without further or due, lets start analysing:
We will be analysing BAT using a top-down strategy, including candlestick patterns, indicators and price patterns.
Monthly:
- This last monthly candle wasn't that interesting, but this one is turning in to a bullish engulfing candle, indicating more upside.
- The volume this month is definitely increasing, currently prices are increasing to, indicating more upside momentum.
Weekly:
- The last weekly candle closed in a bullish engulfing candle, indicating more upside.
- The volume on the last two weekly candles keeps on increasing, indicating more upside momentum.
- MACD has crossed bullish , indicating more upside momentum.
- RSI is still neutral.
- Approaching the 3200 weekly resistance, indicating downside momentum.
Daily:
- We clearly found support on the 200MA indicating that the bullish case for BAT is still legit, indicating more upside.
- Above all Ma's indicating more upside momentum.
- MACD has crossed bullish indicating more upside momentum.
- RSI is nearing oversold territory, indicating downside momentum.
In summary:
We can clearly see that the bulls are trying to let BAT take off.
The volume is increasing a lot while price is slowly following, which are major bullish signs.
We still have a long way to go but the first steps are being made here.
The 3200/3400 sats resistance is going to be important for the bulls to break.
This analyses is only intended to share my idea, to educate and entertain you guys.
This should not be considered as financial advice.
I hope you guys enjoyed this analyses, if you did don't forget to leave a Like!
If you want to share your thoughts, please do so in the comments below!
Kind Regards,
FORALLCRYPTO
BATBTC has not shown much traction since we shared our first analyses, mostly just sideways action.
Untill the start of February where we finally retested our MA's for 'one last time' before aiming for higher grounds.
Without further or due, lets start analysing:
We will be analysing BAT using a top-down strategy, including candlestick patterns, indicators and price patterns.
Monthly:
- This last monthly candle wasn't that interesting, but this one is turning in to a bullish engulfing candle, indicating more upside.
- The volume this month is definitely increasing, currently prices are increasing to, indicating more upside momentum.
Weekly:
- The last weekly candle closed in a bullish engulfing candle, indicating more upside.
- The volume on the last two weekly candles keeps on increasing, indicating more upside momentum.
- MACD has crossed bullish , indicating more upside momentum.
- RSI is still neutral.
- Approaching the 3200 weekly resistance, indicating downside momentum.
Daily:
- We clearly found support on the 200MA indicating that the bullish case for BAT is still legit, indicating more upside.
- Above all Ma's indicating more upside momentum.
- MACD has crossed bullish indicating more upside momentum.
- RSI is nearing oversold territory, indicating downside momentum.
In summary:
We can clearly see that the bulls are trying to let BAT take off.
The volume is increasing a lot while price is slowly following, which are major bullish signs.
We still have a long way to go but the first steps are being made here.
The 3200/3400 sats resistance is going to be important for the bulls to break.
This analyses is only intended to share my idea, to educate and entertain you guys.
This should not be considered as financial advice.
I hope you guys enjoyed this analyses, if you did don't forget to leave a Like!
If you want to share your thoughts, please do so in the comments below!
Kind Regards,
FORALLCRYPTO
