Bat broke on the upside out of a symmetrical triangle and is currently testing the first old peak of a series of four. RSI is on the rise, if it can follow through look for a run towards 0.00009xx area!
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Bat's volume is rising fast, allready in the top 10 at Bittrex today.. much more trading than on an average day!
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We still have not overcome the first horizontal resistance on daily basis, although intraday we have surpassed horizontal lines 1 and 2.
Recent drop can be seen as some form of backtest though, volume is still high, so could be whales filling there pockets!
Recent drop can be seen as some form of backtest though, volume is still high, so could be whales filling there pockets!
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We now have a perfect backtest but need to see a bounce soon! Volume is dropping and that is slightly worrying.. lets see if old resistance has become support so we can see a new run to 64 level to begin with
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Volume picking up again!, we could see some more consolidation (sideways movement) short term resistance around 0.000058 after which the first red horizontal line will follow again!
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RSI on the 4 hour timeframe close to overbought area, looks like there will be a new attack on the first resistance in the next 24 hours
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Back at batteling the first target.. which is doing some Gandalf "You shall not pass!" shit... really need the break here or we are going to fall back to low 50's again!
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Once more Gandalf wins :(
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Time to close.. we could ga down further to revisit previous broken falling old red resistance line
