Looking at the price, you can see that the price bounced right after it touched the golden pocket zone which is having an alignment with the 200 Moving Average on the 4 hours chart. The price potentially is forming a sign of inverse head and shoulder which usually is very bullish as a reversal pattern from correction. If the price can breaks out of the white...
buying at the entry zone, selling at the green lines, stop around the red line.
Things to watch:
1- BTC movements if it dumps, this is invalid.
2- if the price reaches the targets, before going to entry zone this is invalid.
The trend has been slightly decreasing but is still above the uptrend line.
1. It might continue to increase and pull the resistance line forward. Watch an open-close candle above the line and then buy.
2. It might decrease and pull the uptrend line back. Watch an open-close candle below the line and then sell.
Hello MEGAGENTE.! clearly the graph shows us a break of what would be a falling wedge type, price break up (EYE is my appreciation) marked with the GREEN line as ceiling or resistance and the RED as floor or support. having a MAXIMUM point of 0.50 approx and a minimum point of 0.08 when reaching this named minimum point, it made a change of direction or rebound so...
It has been a very high bearish pressure in the last 6 days of trading on BAT. It has dropped for almost 20% in the last 6 days. Currently the price is trending slightly above the white region which is the confluence zone for the golden pocket and the previous strong support which makes this as a strong local support.
Assuming the parallelity on the chart, we've...
BAT has very clean structure and we got 5-wave impulse move from the top, so now, we will see at least one another 5-wave cycle to the downside.
However correction isn´t finished yet, we will go up now, to 0,24 region and we should see strong rejection there. I will definitely NOT miss this nice short setup.
Hi friends hope you are doing well. Today will do technical analysis on the Basic attention token and we will also see the reasons why the BAT token is turning more bullish than Bitcoin. Today's article will also help us understand whether to invest in Bitcoin is more profitable or in BAT token is more beneficial.
Harmonic move of BAT token:
First of all I would...