- BAT/USD market has now been experiencing its range price movements down towards a lower range mark at $0.30.
- If the bulls fail to hold back the market upward from the lower range line, then the bears could drive the market into other lower range zones.
BAT/USD Long-term Trend – Ranging
- Distribution territories: $0.50, $0.60, $0.70
- Accumulation territories: $0.25, $0.20, $0.15
BAT/USD trading operations have been majorly dominated by a series of range price movements around $0.40 and $0.30 price territories. Between May 11 and 19, the crypto-market strived to move northwards further, but couldn’t suffice with little or less energy than it had initially while it touched briefly past its current upper range mark at $0.40.
As a result of such price action in the market, the trade continues to feature within the range zones until now. The two SMA trading indicators now tightly move in the range regions towards the east direction to clarify the market’s present intense range movements. The stochastic Oscillators have slantingly bent downwards below range 40.
Going by a technical approach of this crypto-market, price has now reached one of the peak trading zones, and as a result, traders need to be wary of fake breakout or breakdown of the range zones. However, a reversal of any such of the aforementioned price actions could be a good entry each of the range lines for either of the two major movers of the market as the case may be.
Basic Attention Token (BAT):
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