BAT/USDT may be forming a Dragon Formation , provided that the price breaks the downtrend line (red line) and fixes above it.
If the price cannot overcome the downtrend line, then the downtrend will start with the target zone being the local low.
The points of observation are showed on the graph.
ENTRANCE
1) Entrance on a breakthrough or pullback after...
The last time ETCUSD formed a symmetrical triangle it broke out to the upside and gave good profits.
Don't trade until a breakout.
Next resistance is the blue line on the chart.
Bitcoin seems to be in a symmetrical triangle. Considering that it is within a rising wedge, it is likely to break downwards and find support at the long term resistance line now turned into support. The blue line on the graph is a good long opportunity.
It's safer to wait till the price moves out of the triangle and trade with the trend.
