BAT PERSONAL ANALYSIS IN THE LONG TERM
Updated
Chart shows common supports and resistances based on the Fibonacci and price action. The total evaluation for the BAT token is neutral-bullish. The token has a very stable audience interest upon established each higher lows, but the RSI is not even near oversold which means that there will be a slight overdue in its retracement to really test buyer interest. The bearish divergences found on each higher high are very normal as buyers struggle to keep the price above, as long as it stays above the red zone even being oversold at the Relative Strength Index, it will be a confident long term investment.
The recommended strategy for this coin is to short it when it is near strong resistances especially during a bear trend/market and long it at respectable buy order levels once there is confirmation of a bull trend/market.
The recommended strategy for this coin is to short it when it is near strong resistances especially during a bear trend/market and long it at respectable buy order levels once there is confirmation of a bull trend/market.
Trade active
Due to the positive news of FED today, the move to the upside is more likely now than approaching the 0.080$ range however the resistance near the 1.37$ is still a major resistance until proven otherwise. Happy Longs Everyone!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.