Binance Hot list coin July, 4th 2020 : BATUSDT #1
It has been a very high bearish pressure in the last 6 days of trading on BAT. It has dropped for almost 20% in the last 6 days. Currently the price is trending slightly above the white region which is the confluence zone for the golden pocket and the previous strong support which makes this as a strong local support.
Assuming the parallelity on the chart, we've seen a down trend channel on the lower time frame. The confirmation of buy is when the price can breaks out of the upper line of the channel with a significant number of volume. Ideally we'll target the interim swing high for this structure.
Assuming the parallelity on the chart, we've seen a down trend channel on the lower time frame. The confirmation of buy is when the price can breaks out of the upper line of the channel with a significant number of volume. Ideally we'll target the interim swing high for this structure.