BAT: Currently Descending
Hello dear crypto friends! Let's have another close look at Basic Attention Token.
In BAT/BTC, it is important to understand that we have broken .55 Satoshis as huge weekely resistance already. Currently we're descending on the 4H: We have the lower highs coming in at .8 with big difference to .9, but we have always the same bottom at 0.7 => A break to the downside would lead to the previous Cup&Handle break-out zone at .67
Obviously a bullish break above .8 -which is currently the less probable scenario- would lead to .9, also with beautiful profit.
In BAT/USDT the situation shows itself as a descending move inside a bullish channel: We have the 37 cents as bottom. Also in this case a bear break would lead to the 32-33 cent previous S&R zone. A bullish break above 42 cents -again the less probable scenario currently - could lead to the previous highs at 46 and even 50 with the wicks.
If you wanna understand the details, please watch the video! ;) I wish you a happy trading.
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my Crypto Analyses!
Edgy is providing online education & tools only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
In BAT/BTC, it is important to understand that we have broken .55 Satoshis as huge weekely resistance already. Currently we're descending on the 4H: We have the lower highs coming in at .8 with big difference to .9, but we have always the same bottom at 0.7 => A break to the downside would lead to the previous Cup&Handle break-out zone at .67
Obviously a bullish break above .8 -which is currently the less probable scenario- would lead to .9, also with beautiful profit.
In BAT/USDT the situation shows itself as a descending move inside a bullish channel: We have the 37 cents as bottom. Also in this case a bear break would lead to the 32-33 cent previous S&R zone. A bullish break above 42 cents -again the less probable scenario currently - could lead to the previous highs at 46 and even 50 with the wicks.
If you wanna understand the details, please watch the video! ;) I wish you a happy trading.
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my Crypto Analyses!
Edgy is providing online education & tools only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
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