BAT Potential Breakout This WeeksteemCreated with Sketch.

in bat •  7 years ago 

Look for a breakout from BAT soon. To me it looks like BAT has reached its bottom at 4,000 sat, so I think it's unlikely to fall below that anytime soon.

bat-breakout-july-5.PNG

A weaker support line seems to have been established at 5,000 sat and this is likely the support line from which it will bounce upward soon. Short-term target price is 6,900 (a week or so) and long-term (2-3 months) is 15,000 sat. To be sure about the breakout wait for the price to break above the red resistance line. Also watch if the buying volume increases.

I believe BAT is a promising technology and the team behind it is solid as well, so if you're a long term investor, you can keep it even longer.

bat-1h-july-5.PNG

Vote, comment, and resteem if you'd like me to keep you updated on the latest cryptocurrency buying opportunities. Follow me @jarexx.

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I wholeheartedly agree with you @jarexx . BAT is highly undervalued and their product is amazing. The browser is blazing fast! Thanks for sharing. I'll follow you and I'll be looking forward to your technical analysis on other cryptos :))))

Nice! I should get some more.

Good catch, will keep an eye out! Thanks!