BAT in Symmetrical triangle, Could reach new ATH!
BAT is currently trading in a symmetrical triangle on Kraken which is very clear on 4H chart.
BAT recently followed other coins with an uptrend and BAT has alot of positive volume compared to negative volume.
13EMA is also very well tested. This is nice opportunity to trade with buying on support in the triangle.
If it breaks it's previous all time highs which is around €0,25 it could very well reach much higher.
Previous high was tested around 3 times but very weak.
What also is very clear to see it that it could be a double bottom pattern as seen on 1D and 1W chart.
Since it opened very recently before the first bottom it isn't a very secure and reliable pattern.
BAT recently followed other coins with an uptrend and BAT has alot of positive volume compared to negative volume.
13EMA is also very well tested. This is nice opportunity to trade with buying on support in the triangle.
If it breaks it's previous all time highs which is around €0,25 it could very well reach much higher.
Previous high was tested around 3 times but very weak.
What also is very clear to see it that it could be a double bottom pattern as seen on 1D and 1W chart.
Since it opened very recently before the first bottom it isn't a very secure and reliable pattern.
Comment:
Triangle failed -> turned out to be bearish, might touch around 0.18EUR