- BAT has been dropping consistently ever since the Coinbase listing, which goes against the typical listing price movement after an announcement but we are in a bear-market after-all
- We could see that we are currently sitting on the 61.8%FIB level, which has proven to be decent support in the past
- We do have a lower area of strong demand, which lines up with the 70.5%FIB offering the ideal entry point
- The current price right now is also a nice spot but with BTC looking weak throughout the week, we could expect to see a dump lower giving us the opportunity to get a better entry point here
- Bouncing in this demand zone gives the possibility of nice returns as shown on the chart
- Breaking below this demand area would spell BIG problems for bears and it would most likely fall into a void
Thanks guys!