BAT (Brave Browser) - Looking bullish, but correction needed
Updated
Brave Browser is great, but BAT has been in the same levels for awhile, and for a Cryptocurrency, it's not has not been very volatile.
Currently we've had a slow rise to the upper resistance, though it's unlikely we break out of it immediately as it's been a strong level for over 2 years.
The likely scenario I see, depending on how Bitcoin performs, is some consolidation towards the 38.2% levels and then bouncing back strongly to make a Head And Shoulders or Cup And Handle pattern, that would hint for a bigger rally upwards. (this will follow the green line)
The other scenario, is if Bitcoin begins to make sudden moves, either drop or pump, causing Altcoins to take another big hit and testing lower levels once again. (red line)
Good luck, make sure to buy with caution as we're in a pretty deciding point right now. (Altcoin Season or Bitcoin Boom/Doom)
Currently we've had a slow rise to the upper resistance, though it's unlikely we break out of it immediately as it's been a strong level for over 2 years.
The likely scenario I see, depending on how Bitcoin performs, is some consolidation towards the 38.2% levels and then bouncing back strongly to make a Head And Shoulders or Cup And Handle pattern, that would hint for a bigger rally upwards. (this will follow the green line)
The other scenario, is if Bitcoin begins to make sudden moves, either drop or pump, causing Altcoins to take another big hit and testing lower levels once again. (red line)
Good luck, make sure to buy with caution as we're in a pretty deciding point right now. (Altcoin Season or Bitcoin Boom/Doom)
Note
Currently it appears to be following the green line as the bulls are clearly in control and want to push the price higher.We'll have to see what Bitcoin does in the next few days to determine what scenario will really play out.
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