Etheruem just bounced off the uptrend line started in December. We will see if it can hold.
As we can see here on the daily CHAINLINK is trying to beat the resistance at the top of this pennant formation. It appears every time it attempts to break out on lower timeframes, the sell pressure increases pushing it back down. I will keep a close eye on this. If it can't close outside of the pennant, we are likely looking at downside to the accumulation...
With BAT currently on a 4 month downtrend since its spring highs, it appears to be forming a falling wedge formation. With a legit use case, a growing user base, this token isn't going to zero. In fact there seems to be tremendous pressure in trying to suppress the price to fill up on bags.
This is for education purposes and learning. It seems the BAT is attempting to break through the major resistance trendline in the midst of a rising wedge. If BAT can't make it back over the major resistance I see more downside, possibly drifting back down to bounce off the support line from December. I trade BAT for fun. This is not financial advice.
This is just for educational purposes. Its pretty fun to watch the price ride the lines.