BAT | 2020 Price Prediction: Found Bottom?
Updated
When you look at the price action in 
BAT has started a rally in Dec 2017 and followed by the "accumulation period" from April 2018 to January 2019. Accumulation was followed by an expansion to clear equal highs followed by a reversal in April 2019. We had some distribution period well known as a downtrend.
Question is here: Is BAT bottom in?
Retested weekly support, followed with expansion and last week lasts expansion 62% retraced. If price can hold above 2440 I can see next targets 3892 sats which is from this point another 50% gain, important level for my eyes weekly is 5025-5778 sats where you should take all your profits from swing long. Why? Look at important pivot which has been many times resistance and was broken only once for some weeks and price immediately went below this important level again. That's why I expect big pressure in terms of sell pressure in this area so you should take profits here as well.
Summary:
- found a bottom in 2019
- Crossing for the first time on weekly DMA 150 + 200 DMA (last time it has crossed was on Feb 2019 followed by 150% gain)
- the re-tested latest expansion,
- expecting to challenge 2915 sats soon if it breaks then 3892 sats and
- the final long term destination in 2020 is 5500 sats
This is a weekly view so take on mind that all outlined targets will not probably hit overnight.
__________________________________________________________________________________________________________________
I do a daily observation of major currencies in forex and crypto. Do not miss any move, high-valued analysis or educational content.
Telegram: t.me/ADA_Public
Twitter: twitter.com/trader_ada
__________________________________________________________________________________________________________________
I've been analyzing for some time which exchange/broker is best for trading all-assets (crypto, forex, gold,..).
PrimeXBT (tight spreads, up to 1000x leverage, 24/7 support, lowest fees, no slippages, no overloads, quick withdrawals, No KYC).
go.primexbt.com/click?pid=507&offer_id=12
__________________________________________________________________________________________________________________
BAT has started a rally in Dec 2017 and followed by the "accumulation period" from April 2018 to January 2019. Accumulation was followed by an expansion to clear equal highs followed by a reversal in April 2019. We had some distribution period well known as a downtrend. Question is here: Is BAT bottom in?
Retested weekly support, followed with expansion and last week lasts expansion 62% retraced. If price can hold above 2440 I can see next targets 3892 sats which is from this point another 50% gain, important level for my eyes weekly is 5025-5778 sats where you should take all your profits from swing long. Why? Look at important pivot which has been many times resistance and was broken only once for some weeks and price immediately went below this important level again. That's why I expect big pressure in terms of sell pressure in this area so you should take profits here as well.
Summary:
- found a bottom in 2019
- Crossing for the first time on weekly DMA 150 + 200 DMA (last time it has crossed was on Feb 2019 followed by 150% gain)
- the re-tested latest expansion,
- expecting to challenge 2915 sats soon if it breaks then 3892 sats and
- the final long term destination in 2020 is 5500 sats
This is a weekly view so take on mind that all outlined targets will not probably hit overnight.
__________________________________________________________________________________________________________________
I do a daily observation of major currencies in forex and crypto. Do not miss any move, high-valued analysis or educational content.
Telegram: t.me/ADA_Public
Twitter: twitter.com/trader_ada
__________________________________________________________________________________________________________________
I've been analyzing for some time which exchange/broker is best for trading all-assets (crypto, forex, gold,..).
PrimeXBT (tight spreads, up to 1000x leverage, 24/7 support, lowest fees, no slippages, no overloads, quick withdrawals, No KYC).
go.primexbt.com/click?pid=507&offer_id=12
__________________________________________________________________________________________________________________
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