Probably one of the most underrated coins on the market. If you aren't following it you need to follow my updates going forward. Crypto has taken a huge hit and I expect that if it doesn't turn around this week then we will have some better buying opportunities in the future. This trend line break poses a possible long opening up with some other levels to add on...
👉 The price has formed a potential head and shoulders reversal pattern after 3 months of consolidation.
👉 Fixing the price above 0.46 will make it possible to consider a potential buying trade idea with a take profit around 0.75.
👉 Cancellation of the trading scenario - fixing the price below 0.3466
BAT/USD is showing bullish bias. Roughly 25% gain to the 1.618% Fibonacci if Bitcoin doesn't drive the trajectory back down through the channel. Right now it's all hands on deck with clear predominance of demand in the volume.
Looking for buy opportunity in Monthly & Daily buy zones.
Note: Please keep in mind that no one guarantees the analysis will be 100% as expected.
It all comes back to your own analysis, money management and risk management.
Trading volumes declined.
Volatility has declined.
BAT is above liquidity.
TD Sequential indicator has formed a reversal signal down at 30m Timeframe.
I expect that the price will test the support level, and after fixing under it will begin the correction.