BAT - Very Nice #Ichimoku #BTC #BAT #BullishBAT/BTC - 4 hr
RSI
Overbought. Entry opportunity should arise below the current (2978) price point.
Ichimoku
BAT completed an edge to edge, immediately following a bullish t-k cross. The lagging indicator is above price (bullish), but price, Tenkan and Kijun are below the cloud (all bearish). These bearish conditions look like they will be resolved with a Kumo breakout - the price breaks above the cloud and runs away.
Entry
Looking for entry at the Kijun (2500 - 2700)
Longer Time-frames
I am continuing to monitor longer tfs on this. As the 12 hr and 1 day turn further bullish, the momentum will pick up. Will add to position as this develops on longer tfs.
Coinbase announced they will be adding ERC20 tokens in the "coming months." I would place a bet that BAT is one of the first added.
Basicattentiotoken
"BATUSD" - FIRST COUNTNot every day that we can start fresh with an instrument, with not so much data and history.
So let's look at BAT (Basic Attention Token) based on Ethereum blockchain from the chart point of view.
Well, first it looks like there is plenty of room to the downside but we reached the 61.8%-78.4% extension zone of red label degree and while I know that equal leg area of highest degree would come at 0.004920, I can many cycles ending on 18/03/2018, let's make the case for a base here.
First, RSI trendline broke (would like a better confirmation though) in 4h time frame, indicating that a cycle has ended. What cycle? well, I see 2: cycle from 03/03/2018 high for the most obvious and also 18/02/2018 high.
From 0.1540 low, BATUSD has bounced in a 3 waves that ended at 0.2646 and that is still a correction. So now, we need to check the structure of the pullback. I do not think it will break immediately down but market does it wants. So, while above 0.1540 we should see more upside to correct the cycle from 0.4797 high in a corrective manner - I do not need to see motives everywhere to have a trend-.
I will not propose trades in daily here at I do not pick tops and bottoms (investing would be different though), but I think that there is potential in lower time frame. Follow me on my patreon for 1h time frame but I will continue updating here on daily view.
So would you be buying this token?
BAT Facing ResistanceBasic Attention Token (BAT) is in a downtrend for more than month now. The token is now facing resistance from its 20-Day and 50-Day EMA. BAT price had been unable to break out above the resistance line yesterday and had continued to slide downwards. The token is again likely to face strong resistance from the 50-Day EMA. The declining volumes over the week indicate that BAT token will find it tough to make a bullish crossover, over next month.
Basic Attention Token Reversing Up?Basic Attention Token has established an all-time high at $1, followed by a strong correction down to $0.23 support. This is the level where previously was acting as a resistance and then the support, and yet again history repeats itself. The support is also confirmed by the uptrend trendline, that has been rejected cleanly.
In addition, Fibonacci applied to the corrective wave after the uptrend trendline breakout shows that $0.23 is also a 461.8% retracement level, confirming the presence of the support.
If BAT/USD will continue trading above that level, the trend could reverse to the upside and perhaps move to a new all-time high. The price seems very attractive in terms of buying opportunity and only break and close below the support could invalidate bullish outlook.
Massive CUP&HANDLE [BAT] 1 day chartBAT Looking for new highs.
T.A.: MASSIVE CUP&HANDLE, MACD and RSI looks Very Bullish, it could dip a bit before forming the whole handle and take off, this will take a few days, i expect less than one week.
F.A.: It was just added to BITFINEX some days ago
Breakout: 0.000069000
Target: OPEN
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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BASIC ATTENTION TOKEN - Bearish Flag Pattern. Basic Attention Token has begun forming a bearish flag pattern which indicates an upcoming drop. However, this is not to say that a reversal cannot occur, in that case, we would break through the resistance to continue an uptrend. You should use the support and resistance lines in order to hedge your bets on where the price is heading next and whether the bearish flag is going to be successful.
Orange - Resistance.
Pink - Support.
As always trade the lines accordingly.
Basic Attention Token Signal - Reversal patternsAs we can see the Basic attention token is a rather volatile coin - fluctuating often over 20% through it's trading week.
The BAT has been bleeding out for a while now & took a beating between the BCH/BTC civil war but despite this the 1970 resistance mark that held back the BAT recovery has now become it's support line.
This last 20% rally we've seen in BAT today bought to my attention that this is definitely not the first time this has happened - and these 20% spikes actually appear to be following the downward curved trend line that I've drawn - which looks like a strong ascending scallop is forming.
Up to $BAT - Basic Attention Token has Eyes On ItStill cheap with lots of room to retrace, BAT next stop is .00005503 where the 2 recent high gann fan angles meet up (3-1 recent, 4-1 last). That they have a browser (BRAVE) as well with ex-Mozilla CEO Brendan Eich on board, is a fine augur of things to come in the blockchain and internet market, especially when discussing advertisements, the backbone of BAT and the Internet.
BAT: Yesterday was Fun; Back to TrendLooks like we're going back to trend. If you managed to sell at the peak of our breach, congratulations! Looks like we might get some FIB support during this correction and I'd recommend buying in along the bottom trend line to get some sweet, sweet ROI when Mercury comes through. A lot of the market has been blood red for the last few days but BAT is holding strong. Bulls, unite!