I know it's considered a sin to be bearish with anything crypto nowadays, but I always stick by the technicals.
This is what we have for BAT:
A low in June 2023 without bullish RSI divergence
3 clear ABC black waves to the upside
5 clear blue waves to form black wave C
Strong bearish divergence between blue waves 3 and 5
So, FOMO aside, this token is definitely bearish for me.
Invalidation would require a break of 0.2975 high.
This is what we have for BAT:
A low in June 2023 without bullish RSI divergence
3 clear ABC black waves to the upside
5 clear blue waves to form black wave C
Strong bearish divergence between blue waves 3 and 5
So, FOMO aside, this token is definitely bearish for me.
Invalidation would require a break of 0.2975 high.
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📈 Experienced Crypto trader
👍 Simple, actionable content
🌊 Elliott Wave junkie
🧠 Trading psychology hacks
🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)
linktr.ee/stoic.trader
👍 Simple, actionable content
🌊 Elliott Wave junkie
🧠 Trading psychology hacks
🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)
linktr.ee/stoic.trader
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.