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✳️Basic Attention Token/USDT (14/11) #BAT $BATBAT is forming a Symmetrical Triangle pattern but the buying force has weakened, and BAT is being pushed out of a pattern on the lower edge of the triangle and volume is not good so it looks like it will be pushed back to 0.18$ zone or even 0.15$. Only when BAT closes a 1D candle above 0.2-0.205$ zone will BAT resume its uptrend with targets of 0.23$ and 0.28$ 📈BUY- LONG -Buy: 0.18-0.185$, stoploss if B -Buy: 0.145-0.15$, stoploss if B 📉SELL-SHORT -Sell close to 0.2-0.205$, stoploss if A -Sell close to 0.18-0.185$, stoploss if A ♻️BACK-UP -Buy close to 0.2-0.205$ if A, stoploss if B -Sell: 0.23-0.235$, stoploss if A -Sell: 0.275-0.28$, stoploss if A ❓Details: Condition A : "If 1D candle closes ABOVE this zone" Condition B : "If 1D candle closes BELOW this zone"
by CryptoStation
BAT/USD breakoutHello, Traders! BAT has recently seen two formations. The first is a descending wedge, with the second being a descending triangle formation. From the descending wedge, BAT broke out positively. However, this led to the formation of the descending triangle as BAT had not finished its consolidation period. There was a period of major losses followed by the current consolidation. The losses were preceded by an extraordinary move from $0.24USD towards $0.42USD. This resulted in BAT seeing almost a 100% increase in price, over the course of half a month. Before this BAT had seen nothing spectacular in comparison to the rest of the market, trading within a parallel channel before a sideways period, then the breakout. Since the 2020 peak of BAT (which took place mid-August), BAT has fallen over 50%. BAT losing 0.73% a day, stretching over a 61 day period. BAT is coming close towards a potential breakout. When evaluating the recent triangle, BAT has had its 5th EW in the triangle, meaning that a breakout is imminent. The direction of the breakout will affect whether BAT can regain its bullish status from earlier this year, or whether BAT would appear destined to return towards the lows of March. Out of the two options, the cryptocurrency market alongside BAT appears to be leaning towards the bullish option, following the green arrow in a positive breakout. In conclusion, the indicators are bearish. However, as BTC headed towards the end of its symmetrical triangle the indicators were highly inaccurate. Therefore the overall conclusion of the indicators is that they are inaccurate due to the low volatility as BAT reaches the end of its descending triangle. Watch out for the price movements and consider the potential stop-losses.
BINANCE:BATUSD
by UnknownUnicorn10064030
1
BAT ready for BULL RUN - (Currently at MONTHLY SUPPORT)#BATBTC Technical Analysis Update: Reasons for BULLISH MOVE: 1. BAT is currently at a monthly level(Support) around 2125 sats. 2. BAT is also near the DEMAND ZONE. If we look back on 30 SEP 2019 (BAT was in DEMAND ZONE, After which it did 75 % percent UP MOVE), right now after 1 year, again we are in the same DEMAND ZONE. 3. BAT back in 04 MAY Week was also in DEMAND ZONE, after which it went again 75% up. So whenever, BAT comes into DEMAND ZONE, it flys afterward. 4. BAT has been in accumulation ZONE since DECEMBER 2019, so huge breakout can be expected in coming weeks. 5. BAT Price has been fallen in the last month but the important thing to note is that there is no selling volume. The amount of distribution volume is very low, which means the downtrend is not supported by the volume. and we can expect BULLISH move. Reasons For Bearish (In case) 1. Bitcoin Dominance can cause all the ALTS to PUMP & DUMP. Always watch out the levels of bitcoin dominance. If Bitcoin Dominance Increase & Bitcoin Price Increase >>>> Then Alts BLEED/DUMP/BEARISH If Bitcoin Dominance Decrease & Bitcoin Price Increase or Sideways >>>> Then Alts PUMP/MOON/BULLISH If Bitcoin Dominance Increase & Bitcoin Price decrease >>>>> Then ALTS DUMP >>> Accumulate FIAT(USDT) in that situation. Thanks. Stay Tuned. Support needed just give me a thumbs UP if I deserve, otherwise, Thanks anyways. Stay Blessed.
Long
by SmartMaxi
2
Well THIS is rather ominous! BAT 6-7 cents by U.S. Election?!?!If the chart plays out, could be deep trouble for BAT HODLers! I see a reverse Cup and Handle pattern here in correlation with the broader crypto markets and Bitcoin. Also, crypto markets are in correlation with the broader markets (S&P, Nasdaq, DOW) which is currently seeing a Head and Shoulders pattern in full swing with more room to move down. I don't want to believe it but I have to set my emotions aside here and trust my charts. For me, the safest move to make right now is mostly CASH until after these U.S. elections are finalized. What a mess!!! Best of luck traders! Let me know in the comments what you are doing with your $$$.
Short
by stewdamus