Following an extended oversold condition (orange / dark orange column) there is now evidence to support a trend reversal on the above 1-day chart. A regular bullish divergence between price action and the oscillators can be easily seen following a RSI resistance breakout. (Green line & call out).
If you are long Ether this is an excellent moment to increase that...
Last year i posted a bullish butterfly on BAT/ETH and it very much outperformed our targets it was great. The butterfly was mostly only visible on the 4hr and a bit on the daily.
Well now it seems that the price actin we got out of that has given us a nice much bigger visible on the WEEKLY Bullish BAT pattern
With buy targets between 0.00098795 and 0.00092667...
Just a quick little idea i have recently been reading up on some harmonic patterns and Decided to make this my first call. BAT ETH is showing some bullish divergence on the MACD as it's volume recedes the RSI isn't as clear but BAT is in this potential butterfly pattern i have have 3 potential targets plotted. Lets see how this plays out.
Good day traders
We got a BUY signal on BATETH from SwingBot
Trade Risk: Medium
Price pinched between SMAs
RSI: Turning up
BuyZone, Possible targets and Stop loss are indicated on the chart
We also have BUY signals from BATUSD and BATBTC, check out the links below
Check out how to use my trade signals in the link below
If you are...
. BasicAttentionToken/Ethereum is in a down trend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 42.
. There is a possibility of temporary retracement to suggested support zone (0.000963 to 0.000859). if so, traders can set orders...
BAT has been doing well vs ETH since about June of 2018
It has risen up three peaks, each one larger than the rest, and I believe a fourth peak will come.
It has just dipped down to the 200 day MA, and each time it has done this in the recent past it has soon began to go up.
The change in trend is not yet confirmed however a break above 0.00151 ETH should be...