I posted this chart on twitter a few days ago, I try to keep it as simple as possible with 139 characters  but there you go:

There seems to be a h&s bottom on $BAY, the pattern is often there on new coin has people tend to "sell off" huge quantity of coins at very low price when a ICO is out (panic selling). If the coin is good there is a support that is being created by the selling and its frequent to see chart pattern appear in this circumstance.

Its very important to have significant breakout over the neckline (290 sat in this case), and to see buying accumulation on the volume. For these reasons, the breakout could be legit and we could see 400-500 in the next few days.



There is a 20% failure rate on the H&S Bottom after the breakout so it could still not work but this is why I posted the charts and I am bullish on this coin right now.