BAT/USDT - Potential 64% Setup
Hello Traders!
BAT is exiting a downtrend.
The price has tested MA50 on the 12H timeframe, the RSI indicator is in the bullish zone.
Buyers' base of support is in the range of $0.80 - $0.89.
It is possible to look for buying in the range of $0.85 - $0.89 with a stop under the price level of $0.70.
The targets for fixing of profits will be the Fibonacci correction levels: $1.31 (0.50) and $1.46 (0.618)
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
BAT is exiting a downtrend.
The price has tested MA50 on the 12H timeframe, the RSI indicator is in the bullish zone.
Buyers' base of support is in the range of $0.80 - $0.89.
It is possible to look for buying in the range of $0.85 - $0.89 with a stop under the price level of $0.70.
The targets for fixing of profits will be the Fibonacci correction levels: $1.31 (0.50) and $1.46 (0.618)
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice