BAT hit an expected support and bounced, see previous analysis below.
The bounce was exactly from a lower support to higher former support.
Close up looks like a clean 5-wave Impulse, calling for an ABC retrace.
3200-3230 bounce would be very bullish.
3050-3100 bounce would be 'normal' for early in move.
3160-3150 is a mid support (2.236) may well bounce...
looking at trend lines, very predictable wave patterns, and current sentiment of BRAVE Browser and its Incentivized BAT Token that has currently been #REKING short Positions with GREAT VENGEANCE and FURIOU$ ANGER I would not be surprised to see BAT as one of if not the first of the crypto assets to crack into its previous greatness and beyond! BAT TO THE MOON!
Token economic dynamics change on Feb 19th with official release of BAT ads.
Wait for price to break above 18 cents if you're not already in then hold for a year or two. Target 0.0008 BTC dollar equivalent. Manual stop upon breakdown under 18 cents.
Early plot for possible BATUSD support zones during pullback.
BAT has been the highest flyer of the large cap crypto coins.
The last leg was almost parabolic, so retrace could be DEEP.
38 cents looks like minimum retrace, for extremely bullish bounce.
35 cents would be a 'normal' retrace, for 'healty' bullish uptrend.
26 cents will be Bull's Last Stand to prove...
Another update on these crypto terds, but this one had made me the most money in my portfolio, since this is basically like a penny stock any cent movement means big bucks for you. In which is in a tight triangle at the moment and wants move higher. REDs are resistances and green is support and yellow is the stop. Good luck everyone.
BATUSD
PROBABLY THERE WILL BE A BREAK IN COMING MONTH
THE PRICE WILL ARRIVE TO 27 CENT AND THEN TO 13 CENT
BUT
IF BATUSD CAN CROSS THE 56 CENT RESISTANCE THE PRICE CAN GROW AGAIN
BAT looks to be pulling into support and ready for the next leg to the upside. At the very least I expect a reset of $.50 however the $.60 level can be met with further upside.
I have been keeping an eye out on BAT as I think the project has a bright future - Short term trade potential - if the red line bounces we will see an upward trend continue and if the price breaks below the red line we will see a downward trend.
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