Basic Attention Token (BAT): Is this a Genuine Breakout?

in #bat7 years ago

SUMMARY

The price pattern for Basic Attention Token (BAT) has been correcting per an ABC flat trajectory. With the white wave impulse up, the retracement has patterned out a downward wedge. The recent price breakout from this wedge needs to be assessed as to whether it is a genuine breakout or just a bounce.

Given the overall sideways moving nature of the correction, I believe one has to find the current breakout a suspect (circle). It doesn't look impulsive either.

A complex correction label coudl be come the primary count as shown below. The sideways move tendency could mean that the white Z wave has yet to come via in incremental lower low.

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Please write more on suspect vs solid breakouts.

Keren up vote nya

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Your flags are weak @starjuno. Took haejin 5 minutes to get me to rep -2

Good post brother.
Very helpfull information.
I always following you

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@starjuno & @haejin It's proven many times by your own actions that you both are a beady eyed, two bit good for nothing sociopaths!

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Great information,,,
Always best information from your post my friend,,, thanks a lot,,,, :)

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Good friends

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informative post.

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We can take out a good learn from your blog.

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Coins mentioned in post:

CoinPrice (USD)📉 24h📉 7d
BATBasic Attention Token0.178$-7.76%-16.22%
EOSEOS5.371$-11.18%-18.74%
QAUQuantum0.094$-9.59%-31.61%
WAVESWaves3.363$-9.21%-28.55%