Bat will be bullish for the next weeks.Hi, i think that Bat/Usdt will be bullish because:
- A breakout occurred at the red circle a draw. This resistance is from back to september, so it's a strong resistance.
- Obviously, the price went up after the breakout, so i decided to wait for a potential retest. With the Fib retracement, we can see that the price bounces nicely on the 61.8 level.
- Also, the graph of Btc /Usdt and Bat/Usdt have a strong correlation. Since there are a lot of optimist feeling towards Btc right now (Paypal,etc), we can expect that BTC will continue his bullish run.
- With an order book, you can see that volume is starting to grow on the bullish side.
- I'll wait for a EMA-cross (50 & 100) to enter. I expect it will happen around 0.2190.
- For my takeprofit, i will wait to see how the price at each fib level. My stop-loss will be at 78.6 to give my trade room to develop if a pullback happen.
Thank you for reading and have a great day! Feel free to comments!
