- BAT/USD trade is now under a falling manner in a range.
- The bears are expected to find a decent sell set-up in the market at the expense of the bulls’ weak forces.
BAT/USD Long-term Trend – Ranging
- Distribution territories: $0.40, $0.45, $0.50
- Accumulation territories: $0.25, $0.20, $0.15
The market valuation of BAT/USD has now been under a falling manner in a range. The number of last trading days also witnessed a kind of downward choppy price movements around the 14-day SMA’s trend-line.
Price territories between $0.35 and $0.30 marks have been observed as the definite range spots of the market currently. The 50-day SMA is located over the 14-day SMA at a near point to the market’s upper range mark. The Stochastic Oscillators have consolidated around ranges 40 and 20.
The crypto is now considered to fall further as it has been declining in a range below most of its previous high value-points ever achieved in the market. The crossing of the two SMAs’ trend-paths has also given an apparent signal of seeing that sentiment to have its place in this crypto-market in the long run. Traders are only enjoined to watch out for a good sell set-up for the bears’ effect to take place in the market before considering joining the presumed move to the south.
Basic Attention Token (BAT):
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.
Bitcoin Market Price Chart in RealTime