BAT ANALYSIS (EXPECT HANDLE TO COMPLETE!)
BAT ANALYSIS
BAT recently corrected down to the 200 MA and held it, which is generally a bullish case. In addition, BAT is currently forming a handle on the right side as shown in the chart. The only concern is the high rise daily wick that rejected at T1. Considering the 50 MA is holding and Stoch flipped bullish I expect a re-attempt at T1 of 2700 sats. When this breaks, look for T2 at 2860 and T3 at 3100 sats. By T3, the handle will have formed and I would recommend a full exit of position, if you dont close at T1 or T2. Looking further out, if resistance zone breaks (pink) then this would be extremely bullish long term!
Possible Entries: 2500 sats
BAT recently corrected down to the 200 MA and held it, which is generally a bullish case. In addition, BAT is currently forming a handle on the right side as shown in the chart. The only concern is the high rise daily wick that rejected at T1. Considering the 50 MA is holding and Stoch flipped bullish I expect a re-attempt at T1 of 2700 sats. When this breaks, look for T2 at 2860 and T3 at 3100 sats. By T3, the handle will have formed and I would recommend a full exit of position, if you dont close at T1 or T2. Looking further out, if resistance zone breaks (pink) then this would be extremely bullish long term!
Possible Entries: 2500 sats