BAT had a very nice rally, but as soon as BTC took off there was no chance of further continuation to be honest...
The rejection was partially caused from the daily 200MA and the monthly 21EMA. But mostly due to Bitcoin...
- Weekly support is around 2170 sats (10 MA), and is sort of the last line of defence for BAT.
- Likely to go sideways here while BTC cools off after its rally. Also because it is resting on major moving averages (daily 50EMA, the 2D 21EMA, the 3D 21 EMA and the 12H 200EMA).
Key horizontal supports are 2236, 2109, and the lows at 1608.
- Targets are set for 2200 in the blue box for now, and especially if BTC continues up.
- 0.618 Fib level is key, and that region has got some nice support.
Most Altcoins are heavily affected from BTC, especially when the BTC market dominance is bullish.
The rejection was partially caused from the daily 200MA and the monthly 21EMA. But mostly due to Bitcoin...
- Weekly support is around 2170 sats (10 MA), and is sort of the last line of defence for BAT.
- Likely to go sideways here while BTC cools off after its rally. Also because it is resting on major moving averages (daily 50EMA, the 2D 21EMA, the 3D 21 EMA and the 12H 200EMA).
Key horizontal supports are 2236, 2109, and the lows at 1608.
- Targets are set for 2200 in the blue box for now, and especially if BTC continues up.
- 0.618 Fib level is key, and that region has got some nice support.
Most Altcoins are heavily affected from BTC, especially when the BTC market dominance is bullish.
