Basicattentiontoken
Basic Attention Token #BATBTC - at the key dump level!FUNDAMENTAL BRIEF:
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 Brave platform. The utility of the token is based on user attention, which simply means a person’s focused mental engagement.
TECHNICAL ANALYSIS:
The BAT token quoted to Bitcoin BATBTC shows the typical behavior of market participants consisting in pumping the price (PUMP) and then its rapid discharge (DUMP). Nevertheless, one can notice something like the upward trend that recently hit 161% Fibo at 0.000058 and is currently in a downward correction phase (DUMP). The most important short-term support level is currently 0.0000033, which should stop further declines. Otherwise, the next Dump cycle (DUMP) may extend up to and from 0.000025 - 0.000020.
TREND and IMPORTANT LEVLES:
Main trend: UP
Indirect trend: NEUTRAL
Daily trend: DOWN (price in correction)
Key Levels:
for further increases - level 0.000040 and later 0.000048
consolidation/correction zone-level 0.000033
for the continuation of falls - level 0.000033 and later 0.000025
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BATBTC Basic Attention Token. Long RunI see high volume last days and devs are showing some working on Brave browser and BATBTC integration into it, possible can go 4k in 2 weeks and 6k, 8k in 1 month. Hold it for sure, because Javascript founder is not a person who will leave a project without skyrocketing )
Selling only after price goes under 2/1 Gann level. Good Luck !
BASIC ATTENTION TOKEN - BAT - Buy opportunity Hello friends!
The holidays are approaching, I hope you are all doing well! Much Love!
This is a daily chart of basic attention token - BAT.
Previously, we broke a triangle and started a down trend which ended (the high of uptrend is higher than the previous low of downtrend). Now we are in an uptrend which makes this a safe trade.
We crossed MA50 a few days ago and we are steadily moving up. It is a great entry point because we have not yet have our insane run, so this entry is still reasonable and profitable.
This trade is based on moving averages. MACD is about to get even more bullish. The targets are represented by the purple boxes based on fib levels. Entry can be placed in the green box. Red line is stop loss. (Or lower so you don't get kicked out if there's a dump before the spike).
Good luck trading,
I wish you all a wonderful day! And I hope this information is helpful and beneficial to you!
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BAT (Basic Attention Token), PENNANT FORMATION. Like most of the other coins today, basic attention token is facing a lot of bullish pressure on the market leaving the token just below the $0.30, which in comparison to the USD value whatever is actually one of the highest prices we've seen since its initial release. We may see a slight pullback if the market suddenly drops or begins a bullish movement, however, if you're in this coming for the long-term you're going to make a profit as 2018 is going to be a tremendous year for coins like this. The Pennant formation is indicating an upcoming bullish trend and it should be used to indicate where the price is going to head to next, if we break the resistance we are going to see another movement upwards, conversely, if we break the resistance it will continue to drop.
Orange - Resistance.
Pink - Support.
As always trade the lines accordingly.
Basic Attention Token - Are we bottoming out?We seem to have hit a floor for BAT, unless the currency continues to drop below the support line. It has recently seen a large sell-off due to Bitcoin's parabolic movement, however, I suspect money will flood back into alt-currencies once Bitcoin has finished hard-forking.
Orange - Resistance.
Purple - Support.
Trade the lines accordingly.
Updated BAT levelsWe saw alts sell off significantly over the weekend as investors shifted their positions to btc ahead of the hard fork (still a couple weeks away) causing btc to rally significantly while alt ratios crashed. BAT suffered more than most due to the fact that they also disappointed with not releasing their Mercury update on Friday as expected and we're not testing levels that haven't been seen for some time but should serve as solid lower risk entries where price is currently at down to ~36k SATs.
Entry levels: 42k SATs down to ~36k SATs
Targets: Take some off the table at ~47k SATs then at ~52k SATs to pull out some of your risk capital but keep a stake with much higher up-side targets due to expected Mercury release this coming week. Risk / Reward looks good on this one if the company delivers on their promise.
BAT Trading Plan - 65% Profit Target Potential this WeekHere is a detailed trading plan for BAT. If everything goes as expected, an easy 63% profit could be made this week.
OCTOBER 6:
A "Mercury" preview is scheduled to release sometime today. This could trigger a quick 10-15% profit potential.
BUY: 5400
SELL AT TARGET PROFIT 1: 5900-6400 SATS (~12% Profit)
The price is expected to dump down to the 1st support line as people sell the news where you can set 50% of your buy orders in the small blue rectangle just above the 1st support, around 5400 sats. If the price dumps below the 1st support line, it should fall down to our main accumulation zone where you can set your 50% buy orders in this zone, around 5000 sats. At that point, your average accumulated BAT price will be around 5250 sats.
October 12-13:
This is the date where devs have promised to release "Mercury" along with all the partnership news. We will start seeing some price action here in anticipation to the release. There is a heavy resistance at 7000 sats so it would be advisable to take profit at the green zone right under "Target Profit 2", between 6800-6950 sats (30% Profit for a total of 42% profit so far). On release, I expect that we will easily break that resistance, but don't buy until we get a confirmation that this resistance has been broken. These buys should be placed at the "Rebuy Zone" at 7150 sats. Our target profit will be at 9000 sats and grabbing profits at 8700-8900 sats is advisable (Another 23% profit for a total of 65% profit).
Good luck! Trade at your own due diligence and remember to ONLY invest what you can afford to lose. This technical analysis is assuming that "Mercury" will not be delayed AGAIN for a 3rd time (It has already been delayed twice).
Key BAT Levels (News Driven) 10/5/2017BAT is being driven predominately by news headlines right now as they prepare to launch their Mercury update. The recent sell-off was driven by BAT team announcing that they are only launching a preview on Github (actually works and talks to servers on the blockchain) while the CEO of Brave said it would be launched on 10/6. There are key support levels just below at 53k - 51k SATs and then another one much further down at ~47k SATs. Given launch is expected next week and there is a top tier team behind BAT, I would be accumulating at these levels / if it was to head lower.
BAT Waking Up Soon - Accumulate now!A bullish ascending triangle is starting to clearly show up on BAT. If BAT is able to break the resitance at 7000 satoshis, we will be heading towards the next resistance at 9000 satoshis!
BAT is releasing "Mercury" on the 6th of October which makes this the ideal time to accumulate BAT for a quick profit. BAT is a solid project by Brendan Eich, the creator of Javascript and Mozilla and I consider it one of the safe long-term holds too.
BUY: 0.00005700
TARGET PROFIT 1: 0.00006950 (22% PROFIT)
STOP LOSS: If we see a full formed candle under the red support line on the daily chart.
You can buy back into BAT once we get a confirmation of 7000 satoshi resistance being broken. You can buy back at:
2ND BUY: 0.00007150 (Once price breaks thru Yellow Line)
TARGET PROFIT 2: 0.00008950
STOP LOSS: 0.00006900
Good luck. Trade at your own due diligence and remember to only invest what you can afford to lose.