Wave 1 completed and 2 should end soon. The new year could start with a nice wave 3.
BAT can be bought after price pulls down.
BAT/BTC BAT bounces off right at the 0.618 golden Fib and currently fight the downward resistance coming from the previous Swing High at 3263 sats area. If BAT can break outside this trend-line, I can see upside action up to the 3000 area before hitting another strong resistance. Priority is going Long and stop-loss below 2200 sats area.
Daily MACD just crossed over, almost reached significant support level. In the next few weeks $BAT might be heading to 0.2332$. On the chart BAT/BTC price is inside descending triangle just few days ago tested current support line and bounced out of it. And now might be heading to current resistance level 2880-2940 sats Even though there a plenty things impaling...
BAT/BTC BAT is on a deep downfall for 25 days already without any minor upward price reaction. It is holding the 100 Day MA as support currently and within the area of 0.618 Fib. RSI is reaching an overbought condition. I expect a minor pump is due for a lower high to be set during this short term down-trend.
Looking for a retest of the 0 fib line, very strong regression downtrend (0.92), double top has formed. Will this lead to a new oscillation trend as previously seen in bull runs of BAT? Feedback and areas to improve appreciated.
First, clear 5 wave to the downside is finished. We saw $0.1327 as local low. It could finished its' longer term correction. The other possibility is impulsive move to the downside and correction to the upside as ABC. Whether red ABC correction finish or not, good buying opportunity for me. Either it can play like ABC (big scale) or 12345 impulsive move to...
BATUSD Weekly Chart with Fibonacci Levels, and potential EWT Count. Disclaimer: We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment...
After the drop since Nov 2019 the bear leg is completed coz this is the point where the Cypher pattern is completed and now we are in the potential reversal zone of this pattern. On 27 of Nov we had a very long bear spike which has hit the bottom of potential reversal zone but the power of Cypher did not let the priceline to breakdown this support. At this point...
Despite the Basic Attention Token has very strong fundamentals and real use cases on different platforms we will only see the pure technical analysis in this post. 1st breakout and setup of initial leg: The price action was moving within a pennant since Mar 2018 and its last hit the support of pennant was On Feb 2019, this was the initial setup of X to A leg of...
Tight stop loss, but good potential
History doesn't always repeat itself, but it usually rhymes. Last time we had a run up after a downtrend, BAT formed a bull flag. Then, it had a massive 150% pump. We just had a run up after a downtrend, and now the bull flag is almost done forming. If it plays out similarly, we should be expecting a huge pump if we break out of the bull flag to the upside.