BATBTC breaking outHi all,
BAT is breaking out now just as expected. The reversal to the upside was in the making ever after we surpassed the diagonal resistance. Now the BATBTC pair is going after our next target as marked on the chart. I would take out some profit once reached as a pullback is to be expected.
Cheers,
Basicattentiontoken
Basic Attention Token [BAT/USDT] on July 12 (#BAT #BATUSDT)Even BAT has some selling pressure but I think it is not ready to be dumped in next days
We still can accumulate it in the range of 0.24-0.25$ for big pump to next targets about : 0.32$ - 0.4$ or even the highest point 0.5$
Be careful if it drops below 0.235$ because it will drop sharply to 0.2$ or even 0.15$
BAT - Basic attention token looking ready to launchHi all,
BAT is looking quite interesting now against BTC. The pair I'm looking at is on Binance.
As you can see on the daily chart, the coin is now on critical horizontal resistance, which if surpassed will open the door for the next stage to the last reached high from February.
The downside reversal was exhausted after BAT found stability at a previously solid horizontal support line (red line), so today it breaks out of the downtrend.
Let's see how the current setup evolves and good luck in trading.
Cheers,
BATBTC Trade Setup | Trend Reversal | Hidden Bullish Divergence Today's chart - BATBTC – Consolidating at key support; a successful re-test validates technical targets above.
Points to consider:
- Trend Reversal
- 21 EMA visual guide
- Hidden bullish divergence
- Stochastics oversold
- Low Volume
BATBTC testing trend support after a strong bull move into daily resistance, price respecting support level will form a higher low on the chart, indicating a trend reversal and will allow for trend continuation.
The 21 EMA will assist as a visual guide, price breaking and trading above the EMA is a confirmation of strong trend continuation.
Although trading below 50, the RSI confirms a hidden bullish divergence: price has made a higher low whilst the RSI has made a lower low, indicating a strong market accumulation. This also allows for ample space before the oscillator reaches overbought conditions as price breaks bullish.
Stochastics are also overextended, although they may remain there for some time, momentum has been stored to the upside.
Volume has been tapering off, indicative of an influx being imminent, likely to coincide with a break in either direction.
Overall, in my opinion, BATBTC needs to hold trend support and break above the 21 EMA to validate a conservative entry for a long trade to technical targets above.
What are your thoughts?
If you’ve read this far - thank you for following my work!
And as always,
Focus on you, and the money will too!
BAT retracement completePlease feel free to comment or challenge me on my TA. If you like my idea, please leave a like to show support.
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- BAT is in bullish territory and continues to set higher highs and higher lows.
- Volume is relatively consistent.
- Touching a 4H-support level (yellow line), which might be a good entry
Possible entries:
- 0.382 FIB level = yellow support
- 0.5 FIB = daily support (around 2650 sats)
Targets:
- Previous high @ 3015 sats
- Weekly resistance @ 3181
No financial advice.
Basic Attention Token (BAT) - June 20Hello?
Dear Traders, Nice to meet you.
"Like" is a great power for me.
By "following" you can always get new information quickly.
Thank you for always supporting.
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We need to make sure we can continue to receive support from the uptrend line (4).
If it goes down, you should get support on the uptrend line (2).
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** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: A resistance point or section where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
BATBTC | Breakout | S/R Flip | Support Confluence | Trade Setup Todays analysis – BATBTC – Retracing from a multi-month triangle formation breakout (as explored in previous BATBTC analysis - link down below)
Points to consider:
- S/R flip retest
- Support confluence
- 21 EMA visual guide
- Oscillators over-extended
- RSI bearish divergence
- Declining Volume
BATBTC needs to hold the probable S/R flip retest at structural support to establish a higher low, validating a long trade. However, trend continuation at this level will negate the thesis.
Price needs to respect structural support (in confluence with .382 Fibonacci retracement) indicating a probable trend continuation, forming bullish bias in the market.
Trend continuation upon price testing the 21 EMA will support the bullish bias, allowing the EMA to act as a visual guide.
Both the RSI and stochastics cooling off from overbought conditions, a retrace to structural resistance will allow the oscillators to cool off. Furthermore, a technical bearish divergence on the RSI affirms weakness in the immediate market.
An increase in volume will be key as price tests support levels to avoid any false breaks.
Overall, in my opinion, BATUSDT has strong support confluence giving it a greater probability of breaking bullish, however, support re-test is needed for a valid long trade.
What are your thoughts? Let me know in the comments below!
And if you’ve read this far - thank you for following my work and development as a trader!
As always,
Focus on you, and the money will too!
BAT/BTC 4H Ichimoku analysis. Be careful trading this!If you like my ideas and the work I do, please check out the links in the signature and give me a like ;).
BAT has just completed a full Elliot Wave pattern on the 4H, this in general means the end of a move (5 point wave), and as it's very far from the cloud it does seem quite overbought, this is confirmed by the RSI.
Usually, this means it's time for a consolidation phase or reversal at least for the short term. I did miss the move on BAT which happens, you can never catch all opportunities in a market, but people asked me to have a look at it so I thought it would be good to post this as it is at a reflection point.
Chasing is always a dangerous move, it just broke the 300EMA which is quite bullish, although other things point to it needing a breather. So if you wanna trade this be very careful and wait for confirmation of continuation!
Basic Attention Token BAT USD Daily/WeeklyHello Traders!
Let's keep it short and simple.
BAT was moving in consolidation, forming a symmetrical triangle. It seems that it already breakout from it, and the target price could be around 0.26 USD.
:::Daily Technical Analysis Facts:::
- 200MA still works as a strong support for the price.
- 200MA and 50MA about to cross forming the golden cross.
- MACD is pointing up now, and seems to confirm the trend.
:::Weekly Technical Analysis Facts:::
- BAT has been moving slowly but consistently on an upwards trend over more than 10 weeks now.
- MACD continues to be bullish.
:::Fundamentals:::
- The growing base of Brave, the browser where you can get tokens for seeing ads might increase its value as more companies will try to advertise with the browser.
- Brave has an encrypted video call service, that might grow its base even more.
:::Conclusion:::
- Indicators looks bullish on the Weekly and Daily analysis.
- Possible price of 0.26 USD next month.
As always, this is not financial advise, do your own research.
:::Please let me know what do you think, feedback is always appreciated:::
Basic Attention Token BATBTC - Long Term strategyHello Traders!
I have planned a long term strategy for BAT.
We have a contracting triangle, and we might be completing the E-wave (according to Elliot wave triangles), and is exactly at point E, where I will buy to make maximum profits. The area to buy is indicated with the green rectangle .
Another safer strategy, is to buy exactly at the break out of the contracting triangle.
If everything goes as planned, we might be looking at 200% profits.
I think BAT has a lot of use cases, and is a solid project.
Please let me know what you think, and as always this is not financial advise do your on research.
BAT looking to takeoff, yield farmers favorite coin.Bat has just lost and then reclaimed its major support level over the last few months and is now starting to pull away. Looking at a 100% increase from here against BTC to hit previously strong resistance levels. Sometimes you really only need a few lines and some patience.
Coupled with the current de-fi yield farming craze of people scooping up and locking these tokens in yield protocols like compound, AAVE, etc, I think this coin is primed to absolutely explode.
Approaching a failure of the head and shoulders pattern BATBTCBasic attention token is bullish again! The basic attention token to bitcoin chart is approaching the height of the right shoulder on the recent head and shoulders pattern. If it breaks this, the new target will be 0.00002832 BTC. (Note my previous charts with the downward target had slightly overestimated the height of the head above the neckline. I use the more accurate measurement here).
Basic Attention Token BATBTC - Long Term strategyHello Traders!
I have planned a long term strategy for BAT.
We have a contracting triangle, and we might be completing the E-wave (according to Elliot wave triangles), and is exactly at point E , where I will buy to make maximum profits. The area to buy is indicated with the green rectangle.
Another safer strategy, is to buy exactly at the break out of the contracting triangle.
If everything goes as planned, we might be looking at 200% profits.
I think BAT has a lot of use cases, and is a solid project.
Please let me know what you think, and as always this is not financial advise do your on research.
Basic Attention Token (BAT) | Patience Is Key!Some people are losing patience with Basic Attention Token (BATBTC)... But remember, patience is key!
This is the setup we have now where prices moved above MA200 but quickly fell below...
Even though there was a rejection at this level, EMA50/100 is still working as support.
From this level, prices can easily jump (green arrow)... But even if prices drop, we remain bullish after the drop...
Patience is the key to win/succeed.
Namaste.
BATBTC Head and Shoulders PatternBATBTC is forming a head and shoulders pattern. Expect BAT to be bearish in the near future relative to the bitcoin and therefore the crypto market in general. I don’t see a head and shoulders, however, in the BATUSD chart, so BAT may still be a good buy relative to fiat. The Brave web browser recently received some negative coverage (to read about it Google: “Brave affiliate link controversy”) and I suspect that may contribute to a downtrend in the near future. In the long term I believe that is something Brave and BAT will put in the rearview mirror, and I do expect BAT to be one of the coins that most benefits from the bullish crypto cycle that we are now entering.
$BAT, bounce from around this level?$BAT
If it follows what other altcoins are doing, then it should bounce from around this level (flipping it into support)
Wait for confirmation of low timeframes if you want to be more confident about it.
#BAT
BAT/BTC UpdateSo my previous chart on BAT got invalidated due to lack of bearish momentum. So, i made a new analysis on BATBTC.
- As we see here, BAT broke out of the channel and flipped it to support.
- We can expect the price to go up to the 1.272-1.618 fibonacci extension. That would be our first take profit region.
- If the price extends beyond that point we can look to tak our next profit at 2.24 extension. All of which is marked in the chart.
Will update when required. Follow me for regular content on Crypto and Equity based charts.
-Kautilya.K
$BAT, Crossing over ~2600 sats level..$BAT
Crossing over ~2600 sats level & trying to flip it into support as 12H EMA50/200 are showing a golden cross
Making a HH w/ increasing volume could also lead to confirmation of continuation to the upside..
Next resistance/target should be around 2900sats (~12%)
$BAT
Basic Attention Token Is Now Ready, Final CallThis is the final call for the BATBTC (Basic Attention Token) trading pair.
The resistance level marked by MA200 has been tested and retested, now it finally broke.
With this barrier taken out, Basic Attention Token can now grow.
Previous chart:
Namaste.