BITTREX:BATBTC   Basic Attention Token / Bitcoin
Weekly
Looking at our highest timeframe we see price has formed a wammie double bottom . Price has recently struck major resistance @ 5000 satoshis. Last week left BAT was indecisive on which direction it wanted to head. This weak we have not seen much of a change. Price has formed higher low @ 4000 satoshis, however Stochastic RSI showing momentum is bearish .

Daily
Shifting over to our pattern timeframe we see price has remained above our trendline . On May 11 price went as low as 3500 satoshis only to be rejected immediately. Price has since remained in a tight zone waiting for a break. Stochastic RSI showing momentum is bullish , a daily close above 4700 satoshis activates our trade. However a daily close below 4000 satoshis leads to break towards 3000 satoshis.

Conclusion
Wait for daily close above 4700 for a long entry / Wait for a bounce off 3000 satoshis if we break toward the downside.

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