CHZUSDT Bat Formation
Chiliz / TetherUS BINANCE:CHZUSDT
The bat pattern is a pattern of security prices over a specific period. The theory behind the bat pattern is that it provides a trader a good basis for predicting the future security price, as it will move in that same pattern again. You can see an example bat pattern in the figure below. This pattern indicates that after point D, the price will rise again. As you can see, the points with the accompanying lines resemble a bat, hence the name.
