Buy Range : 2500-2570 Stop Loss : below 0.00002000
Target 1 : 2977 Target 2 : 3858 Target 3 : 5544
WEEKLY CHART
- Interesant 8-9 on TD sequential ( Positive ) - Reversal hammer candle and positive green continuation ( Positive ) - Stoch RSI on the lows like Oct-Nov on last year. A good point to climb up ( Positive ) - CCI remains negative but is turning up ( Neutral ) - CMF touched negative territory but its turning ( Neutral ) - RSI pointing up but need make a higher high to confirm uptrend ( Neutral )
DAILY CHART
- Supported by EMA20 ( Positive ) - RSI touched oversold zone at 30. Now its pointing up ( Positive ) - CCI on green territory ( Positive )
CONCLUSION
Altcoin market has started to show some interesting movements on the last days. Price remains very low on most altcoins which makes risk/reward very interesant if you are looking to catch the knife.
BAT/BTC has touched the lows on March making an interesant Double Bottom. If prices and market consolidates it could be back to the highs so soon If we look into low timeframes, this coin looks very good for short-term trading. If it extend this mommentum it could be reaching our targets very fast
However, market need to confirm bullrun to make sure this is not another dead cat bounce. It will happen when bitcoin consolidates over 7500$. If you are looking to long-term hold, this coin its a trustable project and target 3 will be touched without a problem. Good luck