Here is my technical analysis for BATUSD on a daily timeframe: (Swing Position)
The price has broken the weekly resistance at 0.30$ and then did the pullback on this resistance.
Yesterday, the price reached our first Target at 0.445$ and then consolidated. I remain bullish on BATUSD above the weekly resistance at 0.30$ that is now serving as a support for the price.
My next targets are:
- TP1: 0.445$ (retest of previous high)
- TP2: 0.47$ (next big weekly resistance)
- TP3: 0.5$ (important psychological number and weekly resistance)
If price breaks below 0.30$, I'll turn bearish with a first target at 0.25$.
Disclaimer: This is a trading idea and not recommendation to buy or sell. Please trade based on your own convictions.