Basic Attention Token Reversing Up?

BITTREX:BATUSD   Basic Attention Token / US Dollar
Basic Attention Token has established an all-time high at $1, followed by a strong correction down to $0.23 support. This is the level where previously was acting as a resistance and then the support, and yet again history repeats itself. The support is also confirmed by the uptrend trendline , that has been rejected cleanly.

In addition, Fibonacci applied to the corrective wave after the uptrend trendline breakout shows that $0.23 is also a 461.8% retracement level, confirming the presence of the support.

If BAT/USD will continue trading above that level, the trend could reverse to the upside and perhaps move to a new all-time high. The price seems very attractive in terms of buying opportunity and only break and close below the support could invalidate bullish outlook. 
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