How is BAT(Basic Attention Token) looking?After %100 pumps on such short term, there could be some consolidation between resistance and support areas on the chart. Blue box is created by latest swings of 0.236 and 0.382 levels(fibonacci). The resistance levels(yellow box) are this years low and high's 0.618 and 0.786 levels. Other potential levels taht could play out as resistnace levels are also in the chart as 1.618,2.618 levels etc.
I do not rely on fibonacci levels only as you can see on my charts, I also consider previous price levels to allign them to show you the best options.
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Have a nice day!
BATUSDT trade ideas
🔥 BAT Potential Third Wave Incoming: Fibonacci AnalysisBAT has seen a massive >130% move over the last few days. However, BAT has been bleeding value since hitting the top around $1.46.
The Fibonacci retracement tool is a great tool to scout potential areas of reversal. For BAT, I'm looking at the pink Reversal Zone for a potential bounce.
The bounce can take us either towards the local top, or can stop somewhere in the middle to form a triangle pattern of some sort. I'm looking at the area between $1.25 and $1.40 for an exit.
Happy trading!
₿ BATUSDT 1D ₿ : 31.Oct.2021 (+106%) 🚀As you can see, since the introduction of this CryptoCurrency, its price has grown by more than 106% ... It is now moving towards the previous ATH. If a new ATH is registered , the analysis will be updated ...
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @Ar_M_An_4
📅 31.Oct.2021
⚠️(DYOR)