TA= BAT is fully retraced to a cyclical low. This support has performed historically well and his aligned with the bigger market/BTC picture. This support offers an excellent RR with an easy invalid point.
Entry 1: 0.0000259 (50%)
Entry2: 0.00002452 (30%)
Entry 3: 0.00002269 (20%)
TP1: 0.00002965 (50%)
TP2: 0.00003361 (30%)
If you zoom out and take a look at the daily chart , a textbook ascending triangle is taking form. As long as the trend line holds and that ETH breaks the resistance line with good volume , then I'd expect price to reach 325-350$ area.
This is the second time BTC tested the 38% Fibonacci retracement, this time stochastic being overbought.
I will short when D% crosses below 80 with a stop limit at 7805, slightly above the last high.
Target price is $7246, the 23.6% Fib retracement.