Cup and Handle forming on BAT/BTC

29 Nis 2019

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.

29 Nis 2019

Not

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.