Basic Attention Token Hits Important Support | Where To Next?Basic Attention Token (BATBTC) has now activated its 'important support' in the range between 0.00002200 and 0.00002290. This range marks the .618 Fib. retracement support relative to the bullish wave from Sept. to Oct. 2019.
Tracking how BATBTC interacts with this level can help us determine where prices are headed next.
If this 'important support' holds, meaning that prices remain trading above it, Basic Attention Token can easily grow.
But if instead this support is broken, the .786 Fib. retracement level becomes relevant, meaning that prices can easily move lower before deciding to either bounce or go even lower.
So instead of predicting what will happen, we take action based on what is happening.
I wouldn't trade here, I would wait longer or for stronger/better signals before jumping in... This is just my opinion, of course, do your own research before you trade.
This is Alan Masters.
Thanks a lot for reading.
Namaste.
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It Is The Altcoins Turn | Boom Alts, Bust BTC
Basicattentiontoken
BATUSDT formed bullish Shark | Upto 90% bullish move expectedPriceline of Basic Attention Token / US Dollar cryptocurrency has formed a bullish Shark pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy betwee: 0.1593 to 0.1291
Sell between: 0.1861 to 0.2458
Regards,
Atif Akbar (moon333)
LONG - BAT - Trading OpportunityWith this sudden drop following BTC's pump, a huge bullish divergence has been formed on BINANCE:BATBTC , along with the MA200 working as a strong support on the 4h chart. Expecting a reversal soon.
Entry: 0.00002470
Target 1: 0.00002719
Target 2: 0.00002859
SL: 0.00002389
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$BAT, Showing UCTS Buy signals on the 1D & 2D charts$BAT
Showing UCTS Buy signals on the 1D & 2D charts. Comparing this signals to prior iterations, it grants some bullishness
Volume on prior iterations wasn't that good either
Crossing above EMA50 on the 2D
For better confirmation wait for a cross/flip at ~2970sats as entry
#BAT
BATUSDT found resistance |all indicators,patterns are bullishOn day chart the price action of Basic Attention Token (BAT) has found $0.1959 and resistance at $0.1487 this support of 0.1487 dollar was found 29 Aug 2019 when the price action took drop more than 29% upto $0.1326 but since then the priceline could not break down this support.
Sofar this support has been found very firm therefore we can expect a breakout form here or more sideways move at this level for some more time.
Indicators and Oscillators:
Price action is hitting the upper band of Bollinger bands and the mouth of bollinger bands is expanding and moving up.
Relative Strength Index (RSI) was oversold up till 18 Dec and now bullish.
Moving average convergence divergence (MACD) is strong bullish.
And if we see the Directional movement the +DI has crossed up -DI and ADX is above 29 level and giving strong bullish signals.
On 12hr chart the Ichimoku cloud is turned bullish and lagging span of ichimoku cloud has crossed up the priceline and the price action has also crossed up the bearish cloud on the other hand the chop zone has also given strong bullish signals by turning bullish.
Moving Averages:
If we see the simple moving averages with time period of 25 50 100 and 200 the we have the same position as we had in Sep 2019 the order of moving averages was as:
25MA was below all then we had 50MA then 100MA and then 200 simple moving average was above all then on 3rd Nov 2019 a complete alligator mouth was opened which was formed with 25MA , 50MA and 100 simple moving average but 200MA was not able to be the part of this alligator mouth and the price action turned bullish and hit the $0.2784 which was the highest point since Sep 2019 to the date of writing.
The moving averages are likely to make the same move and 25MA has crossed down the price action and pushed the candles sticks up now the price line has hit the 50MA and 50MA is likely to cross down the price action soon and this will also lead to the golden cross between 25MA and 50MA then a strong bullish divergence can push the price action more to cross up the 100SMA and then the price action will hit the 200SMA and if the price action will be able to cross up the 200 simple moving average then we can see a complete alligator opened mouth between all these simple moving averages and the price action can hit the second resistance level at $0.2695 and if this resistance level will be broken then a strong bull run can be observed.
The Harmonic Move:
In my previous predicted that Basic Attention Token has formed the Shark pattern and it will hit the projection area of 0.382 to 0.786 Fibonacci of C to D leg of this Shark pattern and below was the article:
Now you can see sofar the price action has taken the bullish divergence form the potential reversal zone of this Shark pattern and entered in this projection zone as I predicted Alhamdulillah and sofar it has produced more than 25% gains this is a very positive signal but we need a breakout the 0.786 Fibonacci projection level in order to start a real bull run and as we have see above all signals from moving averages and indicators are turning bullish so it is really possible
So guys be ready I hope this prediction will be full filled soon as my previous article however if you have any suggestion and ideas you can share in comments section with me.
Thanks and Regards,
Atif Akbar (moon333)
There is a trading opportunity to buy in BATUSDTechnical analysis:
. BasicAttentionToken/US Dollar is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.174 to 0.146). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.174)
Ending of entry zone (0.146)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.2200
TP2= @ 0.2700
TP3= @ 0.3145
TP4= @ 0.3640
TP5= @ 0.4530
TP6= @ 0.5300
TP7= @ 0.6660
TP8= @ 0.8010
TP9= @ 1.2385
TP10= Free
There is a trading opportunity to buy in BATUSDTechnical analysis:
. BasicAttentionToken/US Dollar is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.174 to 0.146). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.174)
Ending of entry zone (0.146)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.2200
TP2= @ 0.2700
TP3= @ 0.3145
TP4= @ 0.3640
TP5= @ 0.4530
TP6= @ 0.5300
TP7= @ 0.6660
TP8= @ 0.8010
TP9= @ 1.2385
TP10= Free
BAT bullishBAT is so bullish and so overbought. Made a huge progress in one and a half days. Now at 2640 resistance and the last one at 2700 is the strongest and should stop the growth. Certainly worth jumping in after pullback to ~2520 - 2460 is over. But now very risky. As I wrote, should pullback either from current resistance or from the next one.
Basic Attention Token Is looking Bullish | +40% Or Retrace?Basic Attention Token (BATBTC) is breaking EMA50 as I write this on high volume, signaling that the retrace is done.
On the chart above you can find the Fib. targets and support levels.
The 0.618 Fib. retracement support for the last bullish wave has been activated, a solid spot to complete a retrace and resume an uptrend.
If BATBTC goes lower, the light green area will work as support.
The RSI is looking really bullish while the MACD is starting to curve just now but displaying a bullish crossover.
The signals are clear, especially the high volume... Basic Attention Token is ready to move.
Thanks a lot for reading.
Namaste.
--
Previous analysis: Basic Attention Token Gains Strength | 350%+ Another Winner (Sept. 20)
BAT may continue his correction since last HighHi, my first try here.
I'm trying to see the BAT going to give us some highs but, my very little knowings about elliott waves is telling me that we'll MAYBE have to be patient, seeing some more lows.
A good thing to accumulate !!
Comments are welcome, I want to progress. Thanks !
$BAT broke out of the falling wedgeDaily MACD just crossed over, almost reached significant support level. In the next few weeks $BAT might be heading to 0.2332$.
On the chart BAT/BTC price is inside descending triangle just few days ago tested current support line and bounced out of it. And now might be heading to current resistance level 2880-2940 sats
Even though there a plenty things impaling bullish continuation i encourage you to trade carefully and consider current market situation on alt makret.
Do not forget about stop-losses.
Trade carefully and good luck!
BATBTC, 2x- 3x from hereIf BATBTC can maintain above the current Phantom Script Daily Midline,
I'm expecting a big move,
T1, %100 ROE from here
T2, % 350 ROE
RBI, breadth indicator still bullish on K/D cross (green line above red)
RBI, Signal line, (white line) just signaled a cyan buy, aka incoming turn.
Phantom midline is support,
My current stop loss 2286
Indicators used by: @CoinObsAlgos
-Phantoms script
-Relative Breadth Index
BAT / BTC " BASIC ATTENTION TOKEN OUTLOOK "BAT / BTC , as well as BAT / USD are both oversold.
After increasing to $1.00+ against USD , and +90k sats for BTC, BAT has taken a tremendous downturn over the last several months.
With the semi-bust and non-adaptability of the "Brave" browser, and the lackluster support and downloads of users to the application has probably played a part in the lack of excitement here.
This is one of the most owned coins/tokens by crypto hedge funds around the world. When it runs, it has the tendency to really pile over itself, as we saw as we went $1+ for a short time last year.
Now that we are touching a major historical support zone, i expect BAT to range w/i 10-13% of its current price while it goes sideways through the zone.
We may do this for several days-weeks. At current its up 7.14% on the day, and seems to be cooling off temporarily.
Long term (6-12 months) this is a phenomenal hold in my opinion, and may rise as high as 3-4x over the next year or so.
Short term (3-6 months) this is a good hold in my opinion, and may rise as high as 60-70% + over the next 180 days or so.
Immediate Term (1d-1mo) this is a fair hold in my opinion, and may rise to the target points, and net 20-30% over the next 30 days or so.
There is a possibility for the beginning of an uptrend in BATUSDTechnical analysis:
. BasicAttentionToken/US Dollar is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 33.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.17400 to 0.14600). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.17400)
Ending of entry zone (0.14600)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.2200
TP2= @ 0.2700
TP3= @ 0.3145
TP4= @ 0.3640
TP5= @ 0.4530
TP6= @ 0.5300
TP7= @ 0.6660
TP8= @ 0.8010
TP9= @ 1.2385
TP10= Free
There is a possibility for the beginning of an uptrend in BATUSDTechnical analysis:
. BasicAttentionToken/US Dollar is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 33.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.17400 to 0.14600). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.17400)
Ending of entry zone (0.14600)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.2200
TP2= @ 0.2700
TP3= @ 0.3145
TP4= @ 0.3640
TP5= @ 0.4530
TP6= @ 0.5300
TP7= @ 0.6660
TP8= @ 0.8010
TP9= @ 1.2385
TP10= Free
BAT/BTC Trade Idea - 40% MoveHey traders, another altcoin chart today.
BAT has already touched the 3452 level that we want to exit at, meaning it'll hit it again.
2580 sats (white level) is a monthly support, and this dip below it isn't anything to worry about. Now is the time you should actually be buying, when there's fear in the market.
I don't usually use indicators, but moving averages help understand what position the market is swinging, especially the 100MA (red) and 200MA (white).
In this case, they've crossed for the first time since July and we're left with a potential 40% move.
Entry @ 2480 sats
Exit @ 3452 sats
Take note this is a swing trade and won't play out in 4 hours or a day. It might take a while, but it'll play out, be patient.
As always please do your own research, I am not a financial advisor.
Bassic Attention Token Historical ChartBATUSD Weekly Chart with Fibonacci Levels, and potential EWT Count.
Disclaimer:
We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature,
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.