BAT holding a key support
BAT is playing very good with massive returns...
Finally after almost one year breaking the biggest resistance line .
The biggest question is... Can BAT hold this line as support?
RSI is not showing bearish divergences in 3D chart.
Momentum, ADMF are not showing bearish divergences.
But all of them are in overbought area.
Stoch is in overbought are making a sell signal .
In my personal opinion I want to see BAT holding this line for consolidation and all the indicators resetting getting ready for another leg up.
But that wick... means there is a big resistance so I would wait to see confirmation of this line acting as support.
If BAT breaks down I dould expect a free fall to the support line because there is almost nothing acting as support .
maybe .5 fib level could be a good support but the strongest is at .618 and it is matching with VPVR and the trend line support.
If you want to enter at this level ... wait for confirmation of this line as support and don't forget to use stop loss.
Very risky to hold this coin at this level.
Finally after almost one year breaking the biggest resistance line .
The biggest question is... Can BAT hold this line as support?
RSI is not showing bearish divergences in 3D chart.
Momentum, ADMF are not showing bearish divergences.
But all of them are in overbought area.
Stoch is in overbought are making a sell signal .
In my personal opinion I want to see BAT holding this line for consolidation and all the indicators resetting getting ready for another leg up.
But that wick... means there is a big resistance so I would wait to see confirmation of this line acting as support.
If BAT breaks down I dould expect a free fall to the support line because there is almost nothing acting as support .
maybe .5 fib level could be a good support but the strongest is at .618 and it is matching with VPVR and the trend line support.
If you want to enter at this level ... wait for confirmation of this line as support and don't forget to use stop loss.
Very risky to hold this coin at this level.
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