SUMMARY
Basic Attention Token (BAT) was covered 29 days ago and the target was well exceeded. The below chart was used:
I've updated the wave 1 by raising it and added the abc correction as well as the blue impulse waves of red C wave. Of course, the exact pathway could morph to a more complex direction as it is the propensity of Altcoins. The top line of the triangle is expected to be a good support line. The previous double round bottoms represent strong price basing and often provide support for a sustainable rally. So, current retrace is a healthy correction.
Little change on the BAT/BTC pair except that the wave 2 could be complete and as expected still lagging the BAT/USD pair. The 12,482 Satoshi target remains solid.
Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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