BAT TOKEN
BAT TOKEN has been in a downtrend for a while after making a all time high and it has been dropping ever since. At the moment the price has created a base at the support trendline which also correlate with bullish orderblock or demand area. The price did try to break below the trendline but rejected and closed inside at the Daily timeframe and gained some bullish momentum. Price has breaken the descending trendline which correlates with the downtrend impulsively which shows change of market structure.
Price created a new high and currently forming pullback for the expected bullish move in the Daily timeframe. We can look for good entry points in lower timeframes such as 1 hour if we have legit confirmations and confluences.
Disclaimer : This is not a financial advice, only for educational purposes
