BATBTC - Testing Resistance

BATBTC is testing potential resistance.

I've circled the past support at this current level in the past on the BATBTC daily chart. I'm not quite sure the market is ready for #AltSeason as BTCUSD appears poised for a major move soon. The RSI and StochRSI are nearly oversold or are already oversold. The price itself is approaching the 100 day SMA, coincidentally at the same level that might be potential resistance.

While I like the Brave browser and think there is a lot of potential in BATBTC I have a feeling the recent relief may slow down. I'm looking for the RSI and StochRSI to cool down some and hoping the 50 day SMA can hold as support. I think we are close to a bottom, but the huge bullish potential may not be fully ready to transpire.

DISCLAIMER: For educational and entertainment purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment including all types of crypto. DYOR, TYOB.

評論:

Pretty on point with thi sone so far. Price came back down to the 50day, and is testing it as support, having bounced up from it. If price exceeds 100day I imagine it will shoot for 200day.