A bullish bat forming on Hedera

25 Şub 2021

We have a daily supply zone created with an engulfing candle on daily timeframe (the rectangle). Buyers tried to pass it two times with no success and the second attempt was a lower high. Considering the retracement ratios, we might see a bullish bat formation which will end up around $0.10-$.095. These levels might be a good buying opportunity with lower cost. Surely this is still in early stages and will be invalid if the point A is crossed upwards.