Bat has been on a steady decline, but it looks like it finally found support as it is consolidating. Bat is one of the few crypto coins with an actual product out as you can go download the Brave browser and use it right away. For those who don’t know, Brave browser comes with ad and script blocking built in. It also rewards you with bat tokens for viewing ads. Ok now that introductions are over let’s get straight into the technicals.
There’s a divergence on the Master MACD and Specto O’s oscillator, which indicates a change in trend is coming. An UP indicator appeared 3 days ago as extra confirmation of movement change. BTC made a bit of a drop recently so it has pulled back slightly giving an opportunity to get in. The ehlers trend indicator also looks like it will turn green soon. This is a lagging indicator, but a good confirmation the trend is changing. Support is also near by at 3900 sats.
It is looking to retest the 5000 and 6000 sats resistances. If it can break these, then it can go further.
-faulkin
There’s a divergence on the Master MACD and Specto O’s oscillator, which indicates a change in trend is coming. An UP indicator appeared 3 days ago as extra confirmation of movement change. BTC made a bit of a drop recently so it has pulled back slightly giving an opportunity to get in. The ehlers trend indicator also looks like it will turn green soon. This is a lagging indicator, but a good confirmation the trend is changing. Support is also near by at 3900 sats.
It is looking to retest the 5000 and 6000 sats resistances. If it can break these, then it can go further.
-faulkin