Hi After a good rally and the appropriate correction BAT seems once again on the right track to greatness. Meaning a new weekly uptrend. On the daily time frame the coin has close above all daily EMA with a rising RSI and Stochastic. The risk reward ratio is good. If the price remains above the 200 daily EMA (in blue) and the support line (0.214$) we can trade a retest off the resistance line (0.278$) for a quick scalp.
Disclaimer: This is not financial advice as I’m not a financial adviser. Everyone is wise to manage their own risk properly when considering any trading decision or activities.
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On a weekly time frame there is a possibility for a "Double bottom" But for now it is only speculation.
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look like a breakout. I will wait for a weekly close before drawing new targets.