BAT - Very Nice #Ichimoku #BTC #BAT #Bullish
Updated
BAT/BTC - 4 hr
RSI
Overbought. Entry opportunity should arise below the current (2978) price point.
Ichimoku
BAT completed an edge to edge, immediately following a bullish t-k cross. The lagging indicator is above price (bullish), but price, Tenkan and Kijun are below the cloud (all bearish). These bearish conditions look like they will be resolved with a Kumo breakout - the price breaks above the cloud and runs away.
Entry
Looking for entry at the Kijun (2500 - 2700)
Longer Time-frames
I am continuing to monitor longer tfs on this. As the 12 hr and 1 day turn further bullish, the momentum will pick up. Will add to position as this develops on longer tfs.
Coinbase announced they will be adding ERC20 tokens in the "coming months." I would place a bet that BAT is one of the first added.
RSI
Overbought. Entry opportunity should arise below the current (2978) price point.
Ichimoku
BAT completed an edge to edge, immediately following a bullish t-k cross. The lagging indicator is above price (bullish), but price, Tenkan and Kijun are below the cloud (all bearish). These bearish conditions look like they will be resolved with a Kumo breakout - the price breaks above the cloud and runs away.
Entry
Looking for entry at the Kijun (2500 - 2700)
Longer Time-frames
I am continuing to monitor longer tfs on this. As the 12 hr and 1 day turn further bullish, the momentum will pick up. Will add to position as this develops on longer tfs.
Coinbase announced they will be adding ERC20 tokens in the "coming months." I would place a bet that BAT is one of the first added.
Trade active
Bought BAT down into the cloud shown. Still holding this position. It's in the green, but I'm waiting for more. Considered selling for GNT, but didn't. Wish I could have that opportunity back. GNT is killing it.
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