BAT Rising Wedge & Bearish Divergence - Due for a correction

After the news broke of BAT partnering with Dow Media, we saw massive gains of over 40%. Since then, the price has formed an ascending wedge, that is due for a breakout in the next little while. We have not seen any sort of correction after this jump and it looks like that time may have come. The RSI has also formed a clear bearish divergence and we are about to form a bearish cross on the MACD. We are at the bottom of the wedge right now, and might see another bounce before it breaks through. It might be a good idea to set a stop just below the trend line.

Also note that while in the short time BAT is looking bearish, I am very very bullish on BAT in the medium to long term. We have at least one, if not two major events coming up soon. Firstly, BAT will roll out the working product by the end of June of this year, according to Eich. This is absolutely huge for BAT and what we have been waiting for since the ICO. Secondly, we have the rumor mill pumping about BAT being added on Coinbase, and we saw how this affected Bitcoin Cash. BAT has a much smaller market cap and will pump much easier. And again, while these are still rumours, there are quite a lot of hints pointing at this (see tweets by Eich and Armstrong, Coinbase to be accepting ERC20s, etc), a lot more than the ripple rumors we had late last year.

*This is just my opinion - Not financial Advice*