Hello Crypto Friends!!!

I thought i would do a quick analysis on BAT as i find this chart very interesting~~

Bat on the daily. Has tested its daily 200MA and hit the Golden Pocket. The volume spike here suggests ending capitulation volume.

It has also hit a legacy trend line and is in a descending wedge.

Now, that being said, i would not get overly bullish at this point. As there is still alot of fear in the market, and i expect some more downside from BTC. 

This could lead to a .786 test and a dip below the legacy trend line as we saw previously in December.

Lets zoom in -

Still in a bearish posture, but it looks like there could be some upside in the near term. Maybe a flag sideways bouncing between the 0.5 and 618

RSI and MFI have hit oversold conditions, and the MACD is showing the momentum fading. 

It will be interesting to see what happens at the topside wedge trend line. 

Maybe we see something like this  happening -

Will be interesting to see what happens!

Happy Trading!!