• The bears have broken the lower price range and sought for support at the previous low.
• The BAT price is in the oversold region of the daily stochasticbut below

BAT /USD Medium-term Trend: Ranging

• Resistance Levels: $0.36, $0.38, $0.40
• Support Levels: $0.32, $0.30, $0.28

Yesterday, June 27, the price of BAT was in a bearish trend. The coin has broken out of its range bound move to a bearish trend. The  crypto's price is approaching the low of $0.2828 price level. The 12-day EMA and the 26-day EMA were sloping southward in between price range. The direction of the BAT market was towards the lower price range.

The crypto’s price is below the EMAs which suggest that price is likely to fall. The crypto’s price is also characterized by small body candlesticks like the Doji and the Spinning tops. The candlesticks described the indecision between the buyers and the sellers at the current market price. The small body candlestick contributes to choppy price action. Meanwhile, the BAT price is in the oversold region of the daily stochastic but  belowthe 20% range. This indicates the price is in a bearish momentum and a sell signal.

BAT/USD Short-term Trend: Ranging

On the 1-hour chart, the price of BAT is in a sideways trend zone. The 12-day EMA and 26-day EMA are sloping horizontally. On June 23, the bulls were resisted at the $0.34 price level as the price fell to the support $0.32 price level. Meanwhile, the BAT price is in the oversold region of the daily stochastic but below 40% range. This indicates that price is a bearish momentum and a sell signal.

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