- Basic Attention Token reversed from resistance level 0.2800
- Likely to fall to support level 0.2400
Basic Attention Token recently reversed from the resistance zone between the resistance level 0.2800, upper daily Bollinger Band and the resistance trendline of the daily up channel from October.
The latest downward reversal from this resistance zone is the 4th consecutive unsuccessful attempt to break above this resistance area.
Given the strength of the resistance level 0.2800 and the overbought daily Stochastic, Basic Attention Token can be expected to fall to the next support level 0.2400 (low of the previous correction iv).
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By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
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Disclaimer
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