Early plot for possible BATUSD support zones during pullback. BAT has been the highest flyer of the large cap crypto coins. The last leg was almost parabolic, so retrace could be DEEP.
38 cents looks like minimum retrace, for extremely bullish bounce. 35 cents would be a 'normal' retrace, for 'healty' bullish uptrend. 26 cents will be Bull's Last Stand to prove it is no a Burst Bubble.
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See some of my other ALT coins plots below. I also plot Forex and some Stock, check my profile page.
WTC top
MITH bounce
FET bounce
ADA breakout
XLM breakout
DASH top
ONT top
Of course, I have had total FAILS on some plots as well, not going to pretend. But my plans offer PRECISE entries, TIGHT stops losses, and EXACT take profits. Precision is the way of the Fib. Direction, however, is where the Tader comes in.
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Nice bounce off the first support zone. That might hold until the upcoming news in a day or so. Then I expect a dump and hopefully another chance to buy 25-26 cents ...
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So the bounce has held thus far, and is Ping-Pong-ing between the geen 2.618 and 1.618 Bitcoin appears to be retracing, so this should go lower as well. Lets see what the US does with crypto on Wednesday.
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Bit of a bounce off the second support zone still looking bearish, but lets see how (if) this bounce develops into any kind of a wave
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Nice bounce finally, and all the way back to previous support probably pullback here some more and maybe continue back up?
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Zooming in and adding a fib of the bounce:. Red zone is from original chart above but was green support now red resistance. Green fib is of bounce and that 4.236-4.618 is probably the end of this wave anyway and coincides with previous zone, so time for a pullback me thinks....