BTAI has likely completed an impulsive 5-wave decline followed by an ABC corrective structure. The final leg (v) of the downtrend appears to have ended near $1.35, where price action shows a reversal signal.
Currently, price is attempting to recover and may retest the descending trendline and previous structure zone near $1.60 — a level that served as strong support previously and now acts as resistance.
If the price breaks this zone with volume confirmation, it could trigger a short-term bullish breakout. Until then, this is considered a corrective rally within the broader downtrend.
Key Levels:
Support: $1.35
Resistance: $1.60
Target: $1.60 (potential +16%)
Conclusion:
A short-term bounce is unfolding. Watch $1.60 for reaction — rejection or breakout will determine the next leg.
Currently, price is attempting to recover and may retest the descending trendline and previous structure zone near $1.60 — a level that served as strong support previously and now acts as resistance.
If the price breaks this zone with volume confirmation, it could trigger a short-term bullish breakout. Until then, this is considered a corrective rally within the broader downtrend.
Key Levels:
Support: $1.35
Resistance: $1.60
Target: $1.60 (potential +16%)
Conclusion:
A short-term bounce is unfolding. Watch $1.60 for reaction — rejection or breakout will determine the next leg.
Trade chiuso: obiettivo raggiunto
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💼 Professional market insights & charts:
cakirinsights.com/
cakirinsights.com/
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.