Basic Attention Token Hits Important Support | Where To Next?
Basic Attention Token (BATBTC) has now activated its 'important support' in the range between 0.00002200 and 0.00002290. This range marks the .618 Fib. retracement support relative to the bullish wave from Sept. to Oct. 2019.
Tracking how BATBTC interacts with this level can help us determine where prices are headed next.
If this 'important support' holds, meaning that prices remain trading above it, Basic Attention Token can easily grow.
But if instead this support is broken, the .786 Fib. retracement level becomes relevant, meaning that prices can easily move lower before deciding to either bounce or go even lower.
So instead of predicting what will happen, we take action based on what is happening.
I wouldn't trade here, I would wait longer or for stronger/better signals before jumping in... This is just my opinion, of course, do your own research before you trade.
This is Alan Masters.
Thanks a lot for reading.
Namaste.
-----
It Is The Altcoins Turn | Boom Alts, Bust BTC
Tracking how BATBTC interacts with this level can help us determine where prices are headed next.
If this 'important support' holds, meaning that prices remain trading above it, Basic Attention Token can easily grow.
But if instead this support is broken, the .786 Fib. retracement level becomes relevant, meaning that prices can easily move lower before deciding to either bounce or go even lower.
So instead of predicting what will happen, we take action based on what is happening.
I wouldn't trade here, I would wait longer or for stronger/better signals before jumping in... This is just my opinion, of course, do your own research before you trade.
This is Alan Masters.
Thanks a lot for reading.
Namaste.
-----
It Is The Altcoins Turn | Boom Alts, Bust BTC
🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.