Possible Hidden Bullish Divergence BAT/USD 3-29-2021Possible Class A Hidden Bullish Divergence on BAT/USD. Let’s see if it plays out
Batusd
BAT moves closer to colossal breakout eyeing $2.1
Basic Attention Token is looking forward to a possible upswing from a bull flag pattern.
Support above $1 is critical to the upswing, likely to be validated by price action beyond the 50 SMA.
Losses will come into play if the descending parallel channel support is broken.
Basic Attention Token is trading is dealing with a retreat following a majestic upswing in mid-March. The digital asset hit a wall at $1.38, cutting short the massive liftoff. At the time of writing, BAT is exchanging hands at $1.08. If a technical pattern on the 4-hour chart matures as expected, this token will assume the trajectory toward $2.1.
Meanwhile, the least resistance path is downwards, as observed with the Moving Average Convergence Divergence (MACD). This indicator tracks an asset's trend and measures its momentum. The MACD can be used to identify buy the bottom and sell the top levels.
For now, BAT is in the bear's hands, a situation that has been reinforced by the MACD line (blue) sliding under the signal line. The downtrend may continue if the indicator remains with the negative gradient.
However, it is essential to realize that Basic Attention Token seeks support at the descending parallel channel that may mature into a bull flag pattern. This pattern is bullish and may see BAT resume the uptrend, targeting an 84% upswing to $2.1. The length of the flag pole measures the breakout target from the bull flag.
It is worth mentioning that BAT has a bearish impulse according to the Moving Average Convergence Divergence (MACD). If the indicator's downtrend remains intact, the flag pattern will fail to confirm.
Note that a break under the descending channel may extend the bearish leg to the 100 Simple Moving Average (SMA), currently at $0.9. Extended losses will stretch out toward $0.75, support illustrated by the 200 SMA.
Basic Attention Token intraday levels
Spot rate: $1.04
Relative change: -0.05
Percentage change: -4.7%
Trend: Bearish
Volatility: High
BATUSD - LOOKS BULLISH!!! 🚀Previously completed the Falling wedge and jumped from there. Now we clearly can see an ascending forming-up.
Momentum is at its lowest though.. IF we won't gain any momentum in the upcoming days, the triangle can be broken with a bearish run.
Good news:
The operator of the Grayscale Bitcoin Trust (GBTC), Ethereum Trust (OTCQX: ETHE), and Litecoin Trust (OTCQX: LTCN), among others, announces the launch of trusts into five more cryptocurrencies. The new funds will hold tokens for Chainlink (LINK-USD), Filecoin (FIL-USD), Livepeer, Basic Attention (BAT-USD), and Decentraland (MANA-USD). All are surging higher in morning action.
BAT is good to go Long 01/02/2021as we can see BAT had broken trough the its monthly resistance zone and had rechecked it back and now it can be counted as it current support
we have some good chance of longing it up to the Parallel leg level of Fibonacci Projection and on its MACD we could spot some Mild Hidden Divergence
please comment your opinions
Basic Attention Token(BAT) is good to buy now 15/02/2021we can see the Token has done its retracement and seems to be good to buy
we have measured the retracement by Fibonacci retracement and it has already touched the golden zone,
we can go long on it and keep the stop loss below the 0.4 USD
and target the above 0.9 USD
BAT/USD - Approaching resistance, watch out! BAT is quickly approaching a key resistance at $1.1 where I'd be surprised for price to push above.
This bias is also supported by the indicators that look a bit bearish with a MACD and RSI bearish divergence and decreasing volume.
For this reason, this is not the time to buy BAT, rather, secure profits here in case we turn back. There is no need to pull the trigger now and sell, you can wait for the yellow parabola to break or for support to fall. We can still pump until $1.1, but unlikely we can push higher in the near term.
BAT needs to cool-down a bit, consolidate/range and then reload for a new push.
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$BAT BAT is looking very bullish ( @AttentionToken )Hello there ladies and gentlemen, BulloTaurus here with another interesting and undervalued project for today.
BAT/BTC is looking very promising, and it seems it is going to break its long accumulation phase. I doubt it will retest the new support again because of huge volume and upcoming developments.
It is clear that we are going to leave the accumulation zone trend higher.
Watching this project closely and trying to accumulate in the green buy zone.
Risk: 3
Reward:9
BAT/USDT | Potential Upward Movement 🚀 🚀🚀Technical Analysis:
Starting by the higher time frame the price is in a clear upward movement where we can notice higher highs and lows. Recently, it managed to break the daily support @ 0.7039 level. On the 1 Hour time frame, the coin posted a correction count toward the 61.80% Fibonacci retracement level which coincides with a strong support. This might cause a move upward to the 0.7563 mark.
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Trade Idea:
Buy Order @ 0.7152
Take Profit @ 0.7563
Stop Loss @ 0.6989
Trade Safely 🙂
BAT/USD - Ready for ATH at $1 🚀🚀🚀BAT is quickly moving for a retest of its old ATH at $1. Nice.
Where are we now?
We seem to have reached resistance at $0.87 cents. I'd be surprised to push higher from here as this resistance should push us lower before BAT has another shot at ATH / $1.
Possible path on the chart. This cooldown could provide a good re-load opportunity to ride the wave towards ATH once that new push starts.
The indicators are all very bullish:
1. Increasing volume on this move up - bullish
2. MACD very bullish with a positive cross on daily
3. RSI pushing higher still
This train won't stop, so $1 is pretty certain at this point, just a matter of time, beyond that we will have to revisit the chart.
Best to see if you can catch a wick down before another push up.
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BAT Buy a break setup.BATUSDT - Intraday - We look to Buy a break of 0.712 (stop at 0.682)
Pivot resistance is at 0.708.
The continuation higher in prices through resistance has been impressive with strong momentum and shows no signs of slowing.
A break of bespoke resistance at 0.708, and the move higher is already underway.
We look for gains to be extended today.
Our profit targets will be 0.798 and 0.848
Resistance: 0.680 / 0.708 / 0.750
Support: 0.660 / 0.620 / 0.600