Basic Attention Token BAT BATUSD Weekly Analysis / BullishHello Traders!
Looking at the weekly BATUSD chart, there is a downtrend and an uptrend. The downtrend channel started in 2019 (RED), and we might finally broke out of this downtrend, to continue in the uptrend channel (GREEN).
BAT has been growing consistently each week since the crash in March, and has a strong uptrend.
The weekly MACD did a bullish zero crossing, and the price is above 20MA, 50MA, and 200MA on the daily chart, a very bullish indicators.
I expect BAT to continue growing, but first we have to pass resistance at 0.30 USD, an important level to watch, and afterwards, might be a good entry point.
On the fundamentals, the growing base of users of Brave, the web browser that gives you BAT tokens to watch ads, continues growing.
I believe there are good chances for BAT to reach $1 USD in the long term.
Please let me know what do you think, and like if you found this useful information.
As always, this is not financial advice, always do your own research.
Have a good start of the week.
Basicattentiontoken
BAT/BTC 2D (Binance) Channel supporting & triangle near breakoutTA: Basic Attention Token is accumulating in the upper part of the parallel channel with only one fake-out to the downside.
I'm expecting the price to break-out the symmetrical triangle and retrace back to where it was a year ago.
FA: BAT is one of the few tokens to have a real product already functional: Brave.com a Browser rewarding you for the ad content you see.
Also, you can Earn up to 6% APR in Crypto.com App investing at least 1250 BAT (or 125 in flexible term but with less interest of course).
Current Price= 0.00002274
Buy Entry= 0.00002292 - 0.00002152
Take Profit= 0.00002682 | 0.00003026 | 0.00003859
Stop Loss= 0.00001762
Risk/Reward= 1:1 | 1:1.75 | 1:3.56
Expected Profit= 20.70% | 36.18% | 73.67%
Possible Loss= -20.70%
Fib. Retracement= 0.382 | 0.5 | 0.786
Margin Leverage= 1x | 3x | 5x
Estimated Gain-time= 1440
Basic Attention Tokken (BAT) - June 6Hello?
Dear Traders, Nice to meet you.
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I am a person who does not speak English well. So, it's very likely that you're using the wrong word. Please understand this.
We will try to improve it in the future.
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You need to make sure you can get support above the 0.24450884 point.
If it falls, you need to make sure you get support at 0.22723991.
If it falls further, I think it is possible to increase further if it must be supported by the uptrend line (2).
I think there is a possibility that a new wave will emerge if it can be supported by rising above the long-term downtrend line (3).
To do that, it is important to get support at 0.24450884.
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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
Basic Attention Token (BAT) - June 1Hello?
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We need to make sure we can get support from the long-term uptrend line (2).
You should also check if you can get support at 50EMA on the 1W chart.
You need to check if there is a rise to touch the long-term downtrend line (3).
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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 response is needed to preserve revenue
S-L: Stop-Loss point or section
S: A point or section where purchase is possible to generate profits as a support point or section
Basic Attention Token (BAT) - May 27Hello?
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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Trend line to be supported: Long-term uptrend line (2)
It should no longer fall below the uptrend line (2).
If you fall on the uptrend line (2), you are likely to touch the 0.17952350 point.
You must make sure that May 27 Close is created above the ascending trend line (2).
If you get support above 1W 50EMA (approximately 0.20729727), I think you are more likely to climb.
However, I think that BTC's movement is unstable, so we need to trade carefully.
------------------------------------------------
** 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
Basic Attention Token BAT USD Weekly/Daily/4H analysisHello traders!
Let's keep it short and simple.
:::Weekly Technical Analysis Facts:::
- MACD -> uptrend.
- 10 consecutive weeks in an uptrend.
- Stochastic RSI -> uptrend
:::Daily Technical Analysis Facts:::
- 200MA working as a great support for price.
- 50MA and 200MA close to make the golden cross happen, maybe beginning of June.
- MACD - about to change direction upwards, still the weekly MACD is very bullish and is an stronger indicator..
:::4H Chart Technical Analysis:::
- MACD -> uptrend.
- Double bottom in progress with a 10% drop, and with a spike in volume after each bottom, still to confirm the breakout.
Overall : I would expect BAT to hold support above the 200 Daily Moving Average, and a breakout after the double bottom might happen.
Fundamentals : Basic Attention Token has a browser and seems to be building a healthy ecosystem around it.
As always this is technical analysis, not financial advice, do your own research.
:::Please let me know what you think in the comments below, having feedback is greatly appreciated:::
Why Basic Attention Token Is Getting More Bullish Than BitcoinHi friends hope you are doing well. Today will do technical analysis on the Basic attention token and we will also see the reasons why the BAT token is turning more bullish than Bitcoin. Today's article will also help us understand whether to invest in Bitcoin is more profitable or in BAT token is more beneficial.
Harmonic move of BAT token:
First of all I would like to recall the harmonic patterns that were formed by the BAT token and the Bitcoin on the long term charts. If we take a look at the Basic attention token then on 16th of March I published an article where I revealed that BAT token has formed a complete bullish Shark pattarn after the successful formation of BAT pattern. And as per Fibonacci sequence I predicted that the BAT token should move up between $0.193 to $0.28. And we have witnessed that price action took bullish divergence from the potential reversal zone and produced more than 124% profit.
Harmonic move of Bitcoin:
On the other hand I also posted an article on the Bitcoin as well where the Bitcoin had formed a very big bullish Gartley pattern on the monthly chart. And as per Fibnoacci sequence of Gartley I predicted that the BTC should move up between $8650 to $12000. And finally the price action took a powerful bullish divergence from the potential reversal zone and produced almost 50% profit. This profit ratio is almost less than have of the profit that the basic attention token has produced.
Falling wedge pattern of BAT token:
Now if we switch to the weekly chart then we can see that the Basic attention token has formed a falling wedge pattern. After hitting the support of the wedge it has taken a very powerful bounce and reached up to the resistance. Here I have also placed the volume profile on the complete price action moving within this wedge and we can see that below $0.17 there is very e weak interest of the traders therefore when the price action moved down than this level It moved up again. There is another positive indication that the bollinger bands is above the resistance of this wedge pattern, therefore it will be easy for the priceline to break out the resistance of the wedge.
Down channel of Bitcoin:
On the other hand the Bitcoin has also formed a down channel on the weekly chart. And when the basic attention token was getting bounced from the support of wedge at the same time the Bitcoin also got a strong bounce from the support of the channel and reached up to the resistance. I've also placed the volume profile on the complete price action within this channel and we can see that the traders interest is very low below $6800. Therefore when the price line moved below than this level it moved up again and reached at resistance. The bollinger bands on this chart is also above the channel resistance, therefore it will be easy for the priceline of Bitcoin to break out the resistance.
SMAs of BAT token on daily chart:
Now let's move to the daily chart and here 1st we will take a look at the basic attention token. Here I have paced the simple moving averages with the time period of 25, 50, 100 and 200 and we can see that the priceline has crossed up all these for simple moving averages. And now price action moving at the support of 200 SMA. The 50 simple moving average is moving up to form the golden cross with 100 then 200 SMAs. When the 50 SMA will form the golden cross with 200 simple moving average then many traders can be attracted to buy Basic attention. Because this golden cross between 50 and 200 SMAs is considered as a strong buying signal. Therefore after this golden cross we can expect more powerful bullish move.
SMAs of bitcoin daily chart:
On the other hand if we watch the Bitcoin daily chart then after crossing up all the simple moving averages the Bitcoin went at very far distance from simple moving averages. And at this time the price action of BTC has the support of 25 simple moving average. That is not as that much powerful support as the basic attention token has. Therefore there are chances that the BTC may breakdown the 25 simple moving average and drop at the 200 SMA support that is at $8000. However there is another possibility that the Bitcoin will turn bullish from the 25 SMA and move more up.
But we can have an idea that the moving averages on the BTC chart has formed more golden crosses than Basic attention token, so when the moving averages on BAT token chart will form the due golden cross then it can turn more bullish than Bitcoin.
The exponential moving averages:
If we watch the exponential moving averages then the BAT token dropped between EMAs 10 and 21 and at this time it is likely to take it bounce and moving above the exponential moving average 10. On the other hand if we watch the BTC chart that the Bitcoin is still moving between EMA 10 and EMA 21 and facing the resistance EMA 10. This is a significant because if price action of BTC will be broken down then Bitcoin can start bearish move upto $8000 where we have 200 simple moving average support. But if the Bitcoin will continue its sideways move between these two EMAs then soon the BAT token will ignore the Bitcoin’s sideways move and it will turn more bullish as it is already getting bounced from EMA 10 and 21.
Similar channels on daily chart:
On the daily chart the BAT token and the Bitcoin both have formed a similar up channels. Both currencies started this channel in March 2020. But at this time we can see that the Basic attention token is moving up after hitting at the support of the channel, but on the other hand the Bitcoin is still moving sideways with the support of earth channel. And again there is a possibility that if the Bitcoin will continue to move sideways with the support of the channel then Basic attention token can ignore this sideways move of the BTC. And it can reach up to the resistance of the channel very soon.
Let’s talk about the support and resistance of BAT token:
Now I would like to show you different long-term support and resistance levels on the weekly chart. As have seen that after the recent strong bearish move the BAT token got bounced from the lowest support of 15 cents. Now the price action is stuck at the resistance of $0.20. This is not very powerful resistance as we can see that when in August 2019 the price action breakdown $0.20 support level then only 5 candlesticks moved sideways then the BAT broke out this resistance level very easily then we have also witnessed in the month of December only four candlesticks moved sideways and finally the price action broke out this resistance level again. And this is for the 3rd time we are having sideways candlesticks at this resistance level. Therefore I am expecting that the priceline can break out this resistance very soon as it has been doing in the past. Then Basic attention token has next resistance level at $0.28. That is not broken out since after it has broken down this level in the month of July 2019. Once this resistance level will be broken out then we will have a final key level resistance at 43 cents. And once this ki level resistance will be broken out then the Baton can try to achieve the highest price ever in the history of basic attention token that can be up to $2 or beyond on long term.
Conclustion:
Even though the Basic attention token is embracing the bullish and bearish signals of the Bitcoin. But after receiving the bullish signals it is turning more bullish than Bitcoin, even if the BTC moves sideways the BAT token is making upward moves. Therefore if the BTC will be not dropped then Basic attention token can produce more profit than Bitcoin on the short-term and on the midterm charts.
Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
Basic Attention Token (BAT) - May 23Good morning?
Dear Traders, Nice to meet you.
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By "following" you can always get new information quickly.
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Trend lines or points to be supported: Long-term uptrend line (2), 0.19916000 points
MA to climb over to ascend: 1W 50EMA
Support points to expect further gains: 0.22723991
------------------------------------------------
** 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
BATUSDT formed big bullish Shark | Upto 144% move expectedHi fox hope you are well, here I have found another big profit potential trading idea and this time on long term 2 week chart after successful formation of bullish BAT battern the Basic attention token (BAT) has formed another bullish Shark pattern and entered in potential reversal zone to move up.
The Pattern:
Let’s dig the pattern deeper to see how perfect it has been formed.
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 1.13 to 1.618 of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.886 to 1.13 Fibonacci and now entered in potential reversal zone. Even though the priceline has hit the spike beyong the PRZ level but now retraced back and entered in PRZ area again.
Buying And Sell Targets:
The buying and sell targets according to harmonic Shark pattern should be:
Buy between: $0.1492 to $0.1136
Sell between: $0.1931 to $0.2778
So this trade can produce upto 144% big profit.
Stop Loss:
The potential reversal zone area which is up to to $0.1136 can be used as stop loss in case of complete candle stick closes below this level.
Basic Attention Token (BAT) - May 12Hello?
Dear Traders, Nice to meet you.
"Like" is a great power for me.
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I need to make sure I can get support at the 0.17952350 point.
You should also check if you can get support by rising above the 0.19916000 point, which is an important point in the vicinity of Low.
In order to switch to an upward trend, you need to rise above the 0.19916000 point and be supported.
If you fall below the 0.17952350 point, you are likely to touch the 0.15494740 point or the 0.11939172 point.
If I can get support at 50 EMA or higher, I think there is a possibility that it will rise again.
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See support, resistance, and abbreviation points.
Support or resistance is based on the closing price on the 1D chart.
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
Basic Attention Token AnalysisToday we're looking at one of my favourite tokens and one I've used for a long time (yes a crypto with a working use case!).
The Basic Attention Token (BAT)
Weekly Analysis
We are in a long term downtrend still, however since the crash in March, BAT has started this upward channel which is great news. As more and more users of the Brave Browser are starting to appear.
Brave has implemented ads into new tab pages, which means more BAT to circulate around.
Long term resistance would be $0.28
Daily Analysis
There is a long term daily support at about $0.175 - $0.18.
We are also above the 200MA (orange line) so we need to stay above this to continue the rally.
Daily MACD
Fibs
Here is a fib retracement and extension of the pump a couple of days ago
Retracement since march
Trade idea
Here is the trade I'm looking to take. Longing.
Basic Attention Token On The Same Path (Easy 60%)This is the same chart I shared back in April... Notice the drop a few days ago was just a fake breakdown.
We continue with the same bullish bias and the yellow arrow scenario is still on.
Here is the previous analysis if you want additional details on the Basic Attention Token (BATBTC) chart.
Apr 11 |
Thanks a lot for reading.
Namaste.
Basic Attention Token (BAT) - May 9Hello?
Dear Traders, Nice to meet you.
"Like" is a great power for me.
We will try to reciprocate with better information.
By "following" you can always get new information quickly.
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Bitcoin Halving has about 4 days left.
It is expected that this week will be flown to decorate the finale of Bitcoin Halving.
There is not much left this week.
You have to watch what will happen over the weekend.
It broke above both the long-term uptrend line (2) and the uptrend line (1).
I think this shows that there is considerable power inherent.
I think it is possible to check whether it is supported by the upward trend line (1) whether it is a temporary rise or not due to circulation pumping.
You should also make sure you can get support above 0.22723991.
The long-term downtrend line (3) is passing within the 0.24450884 to 0.28206292 range.
We also need to check if we can rise above this downward trend line (3).
This is definitely a strength, as it rose above the point where the sharp drop on March 12 was.
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Rather than deciding to which point it will rise, I hope now that I can decide where to keep the profits and losses, and close the upward trend with good results.
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See support, resistance, and abbreviation points.
Support or resistance is based on the closing price on the 1D chart.
Description of abbreviations shown in chart
R: A resistance point or section where a response 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
Basic Attention Token (BAT) Might Explode Like A BombProject Description: Basic Attention Token radically improves the efficiency of digital advertising by creating a new token that can be exchanged between publishers, advertisers, and users. It all happens on the Ethereum blockchain.
The token can be used to obtain a variety of advertising and attention-based services on the BAT platform. The utility of the token is based on user attention, which simply means a person’s focused mental engagement.
We see that the bat price is stuck in a long-term symmetrical triangle. I guess that wherever this long-term symmetrical triangle moves, it can move hard in that direction.
Red areas are trend areas. Green areas are the potential accumulation zone.
Let's see what the bat project will do in the future.
Yours ..
Basic Attention Token (BAT) - April 20Hello?
Dear Traders, Nice to meet you.
"Like" is a great power for me.
We will try to reciprocate with better information.
By "following" you can always get new information quickly.
Thank you for always supporting.
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Must be supported at 0.15494740.
Around May 3, we need to make sure that the uptrend line (1), the uptrend line (2), and the 0.19916000 points may be supported above the 0.19916000 point after the crossing.
Before that, we need to see if we can rise above the uptrend line (1).
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It's time to focus on selling rather than buying to preserve profits.
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Description of abbreviations shown in chart
R: Resistance point or section, where a counter 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
Basic Attention Token (BAT) - April 15Hello?
Dear Traders, Nice to meet you.
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It must be supported by the uptrend line (1).
In addition, it must be supported at the important point, 0.15494740.
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It's time to focus on selling rather than buying to preserve profits.
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Description of abbreviations shown in chart
R: Resistance point or section, where a counter 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
----------------------------------------
"Like" is a great power for me.
We will try to reciprocate with better information.
Thank you for always supporting.
Patience is Rewarded -- WEDGE on BATBTC triggering higher highThe MOST important figure is 2093 -- AKA THE STOP LOSS.
If you're NOT new to my publications then you've seen me press on this point OVER and OVER again, and I apologize for sounding like a broken record: but those who are new need to hear it!
It breaks my heart to see so many new excited crypto enthusiasts transition into new adopters only to get CRUSHED by the sheer volatility & loose regulatory "wild west of wall st" candor that is the global crypto markets -- which NEVER close.
I cannot tell you how many times I've seen cats with decades of experience on WallSt boast about how easy they think forex swing trading crypto is/would be *cough* Peter Schiff *cough* but the sad truth is that they always get dominated, just as I got dominated, as all the tech moguls get dominated.
Another point I've pressed upon in the past (repeatedly) is that fintech is a hydra/3headed beast. If you're not familiar with API/SDK/multisig3/open source p2p blockchaintech/whitepapers/roadmaps, if you're not familiar with indicators, double bottoms/C&Hs, bart simpsons & elliot waves; if you're not familiar with SDK protocol/Smart contracts/node: you are INCAPABLE of taming the 3 headed beast!
I've been doing this FULL-TIME (all you QQing about "self-quarantine" I've been self-quarantineed 24/7/365 since the summer 2014, so to me I notice nothing different) with my point being: it took A LOT OF PAINFUL LOSSES & WASTED TIME for me to start reaping significant ROI!
I'm not trying to lecture or boast; I'm trying to save you the pain and trouble I went through by reminding you to humble yourselves (regardless of how much of a boss you think you are at forex trading, or how badass a dev you think you are) that's neither here nor there.
There's a reason blockchain/fintech was rated #1 on top 10 most difficult fields of 2020. Generally financiers don't care for software engineering, and vice versa.
Personally I began as a developer. I love writing algos. I love patterns & solving puzzles. I hated numbers & arithmetic, most of all LOATHED finance. Then I realized that after several dozen quarters and over 5000+ (atleast) hours of doing this -- charts began to reveal patterns and not randomness.
Here's an analogy to clarify: Lebron James loves basketball. That's a given. Now ask yourself if Lebron couldn't dribble, missed every foul shot & was HORRIBLE in every game -- do you think he'd still have the same passion?
Not to drift too far off topic; I'd hate to digress, so let me get to the point: people grow to enjoy what they're good at and vice versa! as I'd never envisioned myself enjoying conducting TA though once I broke through those first few years & got a handle on how things were done; once I started seeing patterns & not just random candles, and most importantly: once I started MAKING more money than LOSING after developing a solid formula for Forex EMA swing trading: I began to enjoy it. Aside from the fact that I am making money, even if I were to paper trade for lulz it is still something I'd find a passion (something I'd never though I'd admit years ago) so with that being said:
TP1-4 are green horizontals respectively. It's difficult to pinpoint an accurate timeframe for when alot of these alts will peak though I'd have to guess it would be after the halving (which is already priced in) though it is what it is.
Thanks to the COVID19 scandal it seems as if my 'strategic consultation' for the GOP has been suspended until further notice, therefore all regulatory policy proposals & think tanks I participate in are suspended until June and so for that reason I've been allowed to resume full-time crypto trading without risk of violating 15 U.S. Code § 78u–1.Civil penalties for insider trading. Nonetheless, I'll still tag a disclaimer so you folks know the drill.
I'll keep this as a mid-long in terms of time-frame: though it's difficult to tell. I'll know for certain by closing bell Friday (16:00EST) & keep you guys updated/posted.
Respectfully,
@a1mtarabichi
DISCLAIMER
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.