Dear Traders, As you can see in the RSI BAT is oversold in the weekly time frame. Looking at the chart we can identify that price structure has also formed a falling wedge. If we look at fibbonaccis we can see that BAT could have found support @ 1.618 fib level. If we look at BAT in the |DAILY TIMEFRAME|, MACD already signals a bullish cross. I expect alts to try something while bitcoin rests for a while.
Targets:
TP1: 0.00001569 Satoshis
TP2: 0.00002000 Satoshis
Stop-Loss:
SL: 0.00000575
I know that SL is a bit extreme but at this levels it's better not to sell until we break previous minimum prices.
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