BAT has risen since March 25. The gain took it to a new all-time high of $ 1.38 on April 7.

However, BAT fell almost immediately thereafter.

This created what looks like a double top, which is considered a bearish reversal pattern.

In addition, the RSI, MACD & Stochastic oscillator indicators have created a bearish divergence.

Therefore, the most likely scenario would be BAT drops to the closest support at $ 0.92.

DOGE-DIA-BAT
Source: Tradingview

Highlights:

  • BAT created a two vertex model.
  • The technical indicators are showing weakness.

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