Basic Attention Token (BATBTC) is looking really beautiful right now and we have massive potential to the upside... Please allow me a few minutes to entertain you and let's take a look at this chart together.
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Basis Attention Token (BATBTC) Chart Analysis by Alan Masters
Before we get started let me mention that BATBTC is one of the good winners for us, it has been generating great profits cycle after cycle... Here you can take a look at our past trades and chart analysis for this pair/altcoin project:
Now, let's get back to the chart...
We have a beautiful falling wedge, which also happened last year before a bull run. This bullish falling wedge is now being broken to the upside.
BATBTC is trading above EMA10, giving it bullish potential.
This is a very strong and solid project.
MACD Divergence is very strong, there will be a strong bounce for this one.
The RSI recently hit oversold and its lowest point ever (16 on the 26th of June).
Above average volume moving to the bullish side.
Pressure is now going UP!.
These are just a few of the bullish signals that we are using.
Conditions for change: A break and close of the last low, around 0.00002200, would invalidate most of the above signals and turn BATBTC from bullish to bearish.
What's your take on what will happen next? Any questions?
Feel free to share your thoughts in the comments section below.
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