We could see that the momentum-wise trend is starting to slowly pick up.
MACD in divergence. New lows are higher than the previous ones.
We could find 2 stops (possible minor retracements) at 0.205 and 0.235. Be ready to move your stops as we aproach to them.
The only thing that bothers me is that on the bigger time frame we touched exactly the same level twice ($0.145). This makes bigger picture of BAT a little bit indecisive.
Overall I’m bullish on BAT.
If you liked and profited from my analysis the best thing you can do is to click on that like button.
See you around :)
MACD in divergence. New lows are higher than the previous ones.
We could find 2 stops (possible minor retracements) at 0.205 and 0.235. Be ready to move your stops as we aproach to them.
The only thing that bothers me is that on the bigger time frame we touched exactly the same level twice ($0.145). This makes bigger picture of BAT a little bit indecisive.
Overall I’m bullish on BAT.
If you liked and profited from my analysis the best thing you can do is to click on that like button.
See you around :)