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Skyrex
Sep 10, 2018 6:50 AM

BATBTC XABCD and bullish divergence Long

Basic Attention Token / BitcoinBinance

Description

We tracked BAT for a long time and the current moment seems to be the best to enter this position. Hidden bullish divergence is revealed due to higher lows at oscillator chart and lower lows at the price chart.

Indicators are bullish: Stoch RSI is in the oversold state, DMI shows possibility of sharp rise. Fundamentals are also great. The price is going to enter Ichimoku clouds and the pattern will be finished. Then it should reconsolidate via ladder pattern thus provide us opportunity to swing trade and rebuy lower and then it will hit the rest targets.

Free target is on the chart. Stay tuned!

Comment

After the price of the coin went down with BTC drop it bounced back and was pumped to the 2nd target. Subsequent correction movement formed IHS pattern and it is a good moment to rebuy this coin.

Targets are the same as in the signal
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