BAT Is In a Downwards Channel, But Might Soon Pump

Bat is going down again here in this channel after seeing a significant upwards spike of 100%+.

Surprisingly, the coin didn't suffer much during the Corona crisis. However, you could argue it's already priced in as we're looking at the BTC pair here and not the USD pair.

I expect the price will continue to go downwards for a while until we reach a very important point: the confluence of the channel and the support zone.

I think this area could be a great buy opportunity as we've seen BAT does have the potential to spike when it's making lower lows. I will put it as a short for now with the expectation it will follow this channel, but I am bullish long term.

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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!