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AbyZee
Nov 7, 2018 12:31 PM

Shorting Basic Attention Token (BAT) Education

Basic Attention Token / BitcoinBinance

Description

BINANCE:BATBTC

Welcome everone!

BAT is the Basic Attention Token used by the Brave Browser, which I think is stackable. For the last two weeks it's been rising and now it has formed a triangular narrowing pattern. We can cleraly see the divergance in the price action and the RSI. Also, the Stochastic RSI is in the upper range, meaning BAT is having a lot of room to move downwards. The MACD is also giving the signs and volume is also low. We may expect a sudden drop down.


Disclaimer: This is not an investment advice. This information is only for educational and entertainment purposes. Do your own analysis before investing.
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