Cup and Handle forming on BAT/BTC
BAT broke out of the descending triangle to retest the resistance at 8k sats. We are now seeing a bull flag being painted on the 4h chart that will breakout when the C&H on the 1h completes. You can see the same pattern unfold on the 1h at 14:00 on April 16th.
Note
C&H has been invalidated, though the lower trend support I drew is still holding up. Could be looking at a right angled broadening wedge. We could be testing upper resistance where I thought the C&H breakout would be.
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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.