BAT Elliot + Fibo technical analysis

BAT Elliot + Fibo technical analysis

By GROUNDx | collaborative economy | 17 Apr 2020


 

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Hello!! Here is my BAT projection on a 4H chart. I think it will follow the trend of the main capitalization giant.
BAT is currently above the moving averages and that is a good sign.
I think wave 5, which would be (A) in its corrective movement, has yet to be completed.
It fits the wavelength (A) from 0.0 to 0.38 perfectly if confirmed.
If the wave is not confirmed, the entire graph must be recalculated.
I strongly want wave movement to be confirmed and let's start seeing a bull market or wanting to raise capitalization.
The analysis with Elliot + Fibo I really like and it is what I have worked on the most.
If you leave a comment and a tip if you like the analysis, I will be encouraged to create a tutorial on how to use Elliot Waves + extension and fibonacci retracement.
With these tools and seeing supports and resistances, many movements can be operated and if we look for the golden ratio, capital management will always be more beneficial, thereby obtaining more risk than profit.

 

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I invite you to see my other weekly technical analysis here:
ETH -technical-analysis-
BTC -technical-analysis-

 

This is not an investment advice, it is only my analysis, I do not recommend that you trust my projection since I am not a financial advisor.If you liked the analysis and want more articles like this, you can leave a comment in the box below, you can also give a tip and you will be collaborating and keeping the spirit of the person writing.
Thank you very much for reading the article, I really appreciate the comments and being in contact with other people who have the same interests ...
Many greetings and good profit for all

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