BASIC ATTENTION TOKEN - Bearish Flag Pattern.
Basic Attention Token has begun forming a bearish flag pattern which indicates an upcoming drop. However, this is not to say that a reversal cannot occur, in that case, we would break through the resistance to continue an uptrend. You should use the support and resistance lines in order to hedge your bets on where the price is heading next and whether the bearish flag is going to be successful.
As always trade the lines accordingly.
- Orange - Resistance.
- Pink - Support.
As always trade the lines accordingly.
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.