Follow up to my Previous Plot calling for 23 cent top (click).
My previous analysis above played out precisely.
Now we are approaching a crucial decision point.
The two scenarios are equally probable right now.
0.218/219 is the first possible bounce zone.
0.212/213 should be strong support either case.
0.183/185 is last support to maintain uptrend.
BAT has recovered nicely from the last dump.
It has surpassed previos highs and not rejected.
But it is coming up on a logical wave end point.
The EW plot is a pure guess but the Zones are solid.
Ideally the pullback will not breach first support. (0.2163-0.2197)
But even a bounce there might peter out and fall. (wave B into C)
See some of my other plots...
-Lots of action in a relatively tight range for several weeks now, roughly the $0.20 - $0.16 region.
-Alt run in action
-Band hits for default KC 1.25 have been a good indicator for reversal (either way).
-Volume lulls frequently lead to high volatility periods, and has shown on this chart.
-21w ROC has a well-validated buying level at roughly -65%.
BAT is up against first "hint" of resistance.
A "Pause" here is expectable and welcome.
But it should me minor, if Bulls are serious.
0.1743 is immediate resistance that better not hold very long.
.1834-.1855 is first serious resistance to be concerned about.
.2036-.2105 will be very strong resistance and downtrend border.
See some of my other plots and...
The firm Basic Attention Token has been acclaimed since the hour of its dispatch and it likewise accelerates in after 2017. The firm has likewise partnerships with a portion of the worldwide organizations including Amazon, Starbucks, Apple, and Uber. The diagram of the BAT demonstrates that the modification in either bearing relies upon the prominence of the coin...
If you buy BAT slowly between 0.15494740 and 0.19916, you will have good results next year.
If you climb above 0.376627435 in the upcoming bull market, you may want to wait until you come below 0.15494740.
BATUSD has all indicators volume, bb, kc, fibo, + FCP forex (mechanical; check link below) --
SHORT @ $0.20363 -- FIBO/PIVOT
STOP @ $0.15873
NOT financial advise. Enjoy your weekend!
P.S. Sorry for lack of publications lately; will update more...
Basic Attention Token is back under downside pressure as the broader cryptocurrency market slides lower, leaving the BAT / USD pair in a vulnerable technical position. The cryptocurrency staged a powerful upside rally over the weekend, gaining around thirty percent in value from its September trading low.
The latest sell-off in the cryptocurrency market has...