BATBTC Basic attention token small rebound expected, not rallies

12 בנוב׳ 2018

Followup article for the previously written 'BATBTC still not reaching the ground'.
Price 0.00004200 at that time, now the price dropped below 0.0004 (0.0003949 when this note is written)

Questions would be: what would be the right time to buy for the next rally?

First, the trend is still considered bearish because:
1. RSI bearish divergence
2. KDJ bearish divergence
3. MACD DIFF bearish divergence

So further falling of the price is still expected, however, rebound may happen as the price is now at the lower boundary of the Bollinger.

Buying signals for a 'Rebound':
1. Reaching the support by 50SMA / 50EMA (about 0.0000375 for now)
2. Reaching the support from the last rally (also somewhere between 0.000037-0.000039)
3. Stochastic %K still not reaching oversold zone for now, may need to wait for that as well

(Though from the last rally, the magnitude of rebound seems little)