Currently #BAT seems to be on a descending wedge
and its lately been trading in a descending channel
that its interjected by the support on the wedge
. The short MA should move above the long MA so the price will start moving upwards generating a new environment for the short and long positions. The lower monthly support level
is at 3000 satoshis but the descending wedge
should break around the 3700 satoshis level where I target to buy. If the direction goes up it could test and pass the 5400 satoshis level but it is very unlikely to pass above the 7200 satoshis level.