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LudwigStirner
Feb 19, 2018 8:16 AM

BAT Facing Resistance 

Basic Attention Token / BitcoinBittrex

Description

Basic Attention Token (BAT) is in a downtrend for more than month now. The token is now facing resistance from its 20-Day and 50-Day EMA. BAT price had been unable to break out above the resistance line yesterday and had continued to slide downwards. The token is again likely to face strong resistance from the 50-Day EMA. The declining volumes over the week indicate that BAT token will find it tough to make a bullish crossover, over next month.
Comments
jpbrown1023
Looks like a possible inverted HS forming. Keep an eye on that right shoulder forming in the long term.
LudwigStirner
@jpbrown1023, May be you are right! We need more time to understand the future trend of the BAT. Thanks for the comment!
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