The 
BAT in the weekly timeframe is in a downtrend and is trading within a descending channel.
The price is forming lower highs and lower lows.
The channel's midline is a critical and important level, which could create a bullish bounce.
However, if it breaks below this level, a price drop to the channel's bottom is anticipated.
BAT in the weekly timeframe is in a downtrend and is trading within a descending channel.The price is forming lower highs and lower lows.
The channel's midline is a critical and important level, which could create a bullish bounce.
However, if it breaks below this level, a price drop to the channel's bottom is anticipated.
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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.