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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