Basic Attentio Token BAT/BTC Bullish Divergence, Easy 20+%
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BAT is one of the Altcoins that has found its bottom and is looking to start its bullish run.
Short term, there is a Bullish Divergence between the price and the RSI. As it can be seen from the graph, the RSI keeps rising, while the price is hitting lower lows. This is a textbook Bullish Divergence and is a Bullish indicator on a shorter time frame.
On a longer time frame things are also looking very good for BAT/BTC.
As it can be seen from the picture above, we are at a critical strong support/resistance range for BAT/BTC. Weekly RSI is also oversold meaning that the sellers have been getting more and more exhausted. Recent volume spikes indicate a existing buying market
Considering everything that's been said, BAT should definitely go up to at least 0.00002700 on a shorter time frame, while on a longer time frames targets are 0.00003000, 0.00004000 and 0.00005000.
Short term, there is a Bullish Divergence between the price and the RSI. As it can be seen from the graph, the RSI keeps rising, while the price is hitting lower lows. This is a textbook Bullish Divergence and is a Bullish indicator on a shorter time frame.
On a longer time frame things are also looking very good for BAT/BTC.
As it can be seen from the picture above, we are at a critical strong support/resistance range for BAT/BTC. Weekly RSI is also oversold meaning that the sellers have been getting more and more exhausted. Recent volume spikes indicate a existing buying market
Considering everything that's been said, BAT should definitely go up to at least 0.00002700 on a shorter time frame, while on a longer time frames targets are 0.00003000, 0.00004000 and 0.00005000.
Nota
Looks like the bounce started and we are allready 10% up since our entry. Now we will see if our target of 0.000027 will get reached.
BAT is looking quite good long term as well, so holding it until some higher levels isn't a bad idea.
Still really oversold on Weekly Candles no matter this bounce which we expected.
Nota
Selling some here, locking out the profitsNota
We're already more than 20% up since the entry.If you were looking for a short 20% gain, you can exit the trade completely and look for other opportunities.
Taking profits is always important. You can also sell some and choose to stay in the coin as Long Term, BAT still has long way to go.
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