jpbrown1023

BAT - Breakout and possible inverse head and shoulders

BINANCE:BATBTC   Basic Attention Token / Bitcoin
Taking a look at the daily chart, BAT appears to have broken out from its downtrend (although yesterday it has had a false breakout that retreated back below the trend). It also has a inverse head and shoulders pattern forming. The MACD shows a (near) bullish crossover on the MACD. I've indicated my two targets at the neckline and if we complete the inverse HS pattern.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.