BAT/USDT Price Long-Term: Bullish
Key Resistance Levels: 0.6440, 0.6750, 0.7000
Key Support Levels: 0.4000, 0.3626, 0.2890
On the daily time frame, the price was in an uptrend before posting a correction count in a form of a bullish flag formation. This flag pattern pushed the price toward the 61.80 % Fibonacci retracement level where it found new buyers. The price succeeded to break the flag formation to the upside and now it is trading above the daily resistance level (0.6440).
BAT/USDT Medium-Term Trend: Bearish
On the 1-hr time frame, the price also is in an upward movement, and it posted a correction count to the confluence zone between the 61.8% Fibonacci level and a strong support. This might lead to a move upward to the 0.7563 mark.
Buy Market Order @ 0.7152
TP 1 @ 0.7563
TP 2 @ 0.7600
Stop Loss @ 0.6989
Trade Safely 🙂