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Cryptoknowmics 2022-04-13 11:00:06

BAT Technical Analysis: Within Consolidation, Bulls Plan A Coup

The BAT coin price action shows an early bullish reversal within the consolidation range. Will buyers exploit this extra edge to surpass the $1 mark? Key technical points: BAT prices trade under all the crucial EMAs. The coin price reverses from the $0.60 workout. Finally, the 24-hour trading volume of Basic Attention Token is $66.87 Million, marking a 20% fall. Past Performance of BAT BAT coin price shows a consolidation range formed between the $0.60 and $1 mark, trapping the momentum since January 2022. The sideways trend promotes the bearish alignment of the daily EMAs after the death cross in January. However, the recent reversal comes before reaching the $0.60 support zone instigating an early bullish takeback. Source-Tradingview BAT Technical Analysis BAT coin price action forms a symmetrical triangle pattern with a relatively more powerful resistance trend line in the daily chart. However, the bulls eased the downfall at the support trendline and projected an upside reversal within the triangle pattern. The crucial daily EMAs maintain a sideways trend in a bearish alignment providing dynamic resistance to the bullish attempts. Moreover, the EMAs move along with the resistance trendline creating a highly bearish zone. RSI Indicator: The RSI slope shows a consolidation in the nearly oversold zone after the downfall from the overbought boundary and cracking underneath the 14-day average line. That is why the indicator pro...

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BAT Technical Analysis: Within Consolidation, Bulls Plan A Coup

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