Basic Attention Token (BAT): Is this a Genuine Breakout?
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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
@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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Nice post
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informative post.
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We can take out a good learn from your blog.
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