Price Analysis: Basic Attention Token – Update

Quick update for BAT/BTC:

▫️ The price was able to break out above the 2463 resistance. Following that, the bulls made a 20% gain, almost hitting the upper resistance located at 2971. They were unable to fully perform that push, thus price suffered a minor correction of 232 points (all of our measurements are made from a candle close to another – in this case from the highest candle close to the lowest, as depicted below).

▫️ Buyers priority right now should be a transformation of the thick blue horizontal (2667) into support. If that happens and BAT shows signs of a healthy consolidation down there, then this market may be on the cusp of making another leg higher. Our main resistance and the final target remains 3094.

[ read the previous analysis ]

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