BATUSD Ascending trendline to next parabolic move up
BAT USD value holding steady at low 30c range without a bearish close even in the face of BTC ripping upwards. I think BTC shorts are getting exhausted and BTC will correct quite soon, lending to a nice jump vs BTC, fueling an alt rally. However, I expect the general trend of BTC to continue, holding a relatively high USD value and allowing alt values vs USD to jump quite nicely.
BAT is an alt and bows down to BTC but can sometimes be an outlier, and I think this will continue. BAT likes to follow patterns and I had set up these lines several weeks ago. It has finally come reached the decision point on my next trendline and I would expect the move soon. Top of trendline is the 50c resistance level. At that point all depends on king BTC but potential is there for the move up to the magical $1 mark if other market conditions are right.
BAT is an alt and bows down to BTC but can sometimes be an outlier, and I think this will continue. BAT likes to follow patterns and I had set up these lines several weeks ago. It has finally come reached the decision point on my next trendline and I would expect the move soon. Top of trendline is the 50c resistance level. At that point all depends on king BTC but potential is there for the move up to the magical $1 mark if other market conditions are right.
Comment:
Invalidated. Major lag until BAT / BTC legs up.