Amplify Lithium & Battery Technology ETF Trade Ideas — AMEX:BATT

Why BATT Could Be A Great ETF To Buy & Hold Here I have AMEX:BATT Amplify Lithium & Battery Technology ETF on a Multi-Timeframe Analysis with a Monthly & Weekly Chart! Technicals: Starting with the Monthly Chart, taking the Fibonacci Retracement Tool from the All Time Low @ $5.91 to the All Time High @ $20.78, we see that the Selling Pressure is waning with the Price Exhaustion happening in the Fibonacci 78.6% - 88.6% "Kill Zone" Range from ( $9.09 - $7.61 ) -Bears are losing grip on the asset Zooming down to the Weekly where Price has visited the Kill Zone, we can see a ICT Concept Method called the Bullish Order Block taking place! After Price found Support, Price created a New Swing Low Breaking Sellside Liquidity, then shortly after, Breaking Structure again while surpassing the Swing High! -The Week Starting Monday, 29th of July 2024 creates the Bullish Order Block we should suspect Price to revisit before continuing its Uptrend behavior. -This High of the Weekly candle sits right at the Upper Limits of the Support Zone and at the 50% Fibonacci Retracement Level! **Price also could potentially make a deeper Retracement to the 61.8% Level to visit the LH it created before Breaking up through the Support Zone! -Will be looking for Buy Entries in the ( $8.96 - $8.67 ) Range! Fundamentals: Lithium Stocks hit alot of hype in 2023 with the expectations of the EV Industry being our Near-Future way of transportation as a move toward a greener way of living! EV sales wax and wane but as time as gone on, the look for the essential metal and mineral components needed for this industry to boom has began to fill as we are finding more and more vast and rich deposits of Lithium and other Rare Earth Minerals! -https://www.tradingview.com/news/zacks:e90ae995b094b:0-bullish-views-power-long-term-lithium-etf-prospects/ With that, EV Demand will come -https://www.tradingview.com/news/benzinga:5ead3a15a094b:0-arkansas-may-be-sitting-on-19m-tons-of-lithium-amid-rising-demand-for-ev-batteries-how-to-invest-in-what-elon-musk-calls-the-new-oil/ ** Once Price goes Bullish, I have upcoming Areas of Value that it may contend with on the way up!

Long Term EV ecosystem play BDY and TSLA along with other manufacturers are planning lower priced cars. The stall in growth will reverse when this happens

BATT an ETF for Lithium / Battery Technology LONG BATT here is on a daily chart with a demand /support zone and resistance. supply zone both drawn in along with a long-term volume profile showing the POC line at the top of the latter zone. A triple Bollinger Band is overlaid showing price currently two standard deviations below the mean VWAP which is more or less horizontal with little slope The ZL MACD lines crossed one week ago and are upgoing about the same time as the 3H RS line bottomed and reversed while the longer TF 7D RS line stays horizontal just below the 50 level. Overall, I see that the BATT price will rise targeting the supply zone above which is about 15% upside or more. I will take a long trade here with the first target the midline of the Bollinger Bands and the second target the flat top of July 12 through 30, a strong resistance level. This is a safe trade while the general market gets figured out. This is akin to selling picks and axes at the Gold Rush of 1849.

Lithium and Battery ETF $BATT has an Head and Shoulders Pattern This is usually a bearish pattern. The weekly chart shows that it is about to break downwards.

BATT Battery Industry ETF This ETF buys companies related to the electrical battery industry. Yes the fund is up but we have another 10 years to go

Amplify Lithium & Battery Technology ETF

BATT trade ideas