BAT Weekly LongMACD, RSI, Stochastic RSI and Squeeze Momentum all suggest that Basic Attention Token has upwards momentum and is about to move higher.
The brave browser is gaining users by the day while the BAT token is seeing increased adoption across a variety of platforms at an alarming rate.
I believe in the product behind Brave and the solution it provides for advertisers. Given the resurgent bullish momentum across the crypto market in recent weeks, I believe anything from .22-.26 is a buy.
Batusd
BATUSD: Reversal Watch - 2-3x Potential on Positive GrowthAnalysis:
-Lots of action in a relatively tight range for several weeks now, roughly the $0.20 - $0.16 region.
-Alt run in action
-Band hits for default KC 1.25 have been a good indicator for reversal (either way).
-Volume lulls frequently lead to high volatility periods, and has shown on this chart.
-21w ROC has a well-validated buying level at roughly -65%.
-A higher low here, especially with 0.236 acting successfully as support, would likely imply a higher high with 0.786 being a likely scenario. This may hint at a long-term reversal for BAT, as it may finally make the switch from LH,LL,LH.... to HH,HL,HH.... Could the growth of Brave browser users and publishers be the impetus for this reversal?
With the alt season already running at full steam, it's tough to choose which alt will have the best returns. LINK, BAT, XRP, and several others will be fierce competitors for money pouring out of BTC. Interesting times indeed.
BATUSDWe expect the BTC's inflection date to begin on November 10th at 11:00 UTC.
This is expected to affect the price of BAT.
The next inflection date for BAT is around November 14.
If you succeed in keeping the price above the 0.24450884 point around November 14, you are likely to challenge the 700MA and 200MA.
If it fails to hold the price down, it should maintain the price above 500MA, leaving room for another major coin to rise.
It is important to stay out of the historical downtrend line and maintain price above 0.24450884.
It is likely to rise above 0.30073596 point.
If you climb above 0.37662744, it's surprising.
I think it is good not to expect too much rise this year.
(An inflection day is a day when price changes are severe or the flow can reverse or rebound.)
BATUSDBAT is rising above the critical point of 0.24450884 and touches the historical downtrend line above the 0.24858192 point and is now in position.
The inflection date for BAT is from around November 9 to around November 14.
If you stay above the downtrend line and keep the price above 0.24858192, you are likely to touch 0.30073596 again.
There are 200MA and 700MA in the middle, which are expected to limit the rise.
If the price falls, we expect to touch 500MA.
If the flow of BTC moves rapidly, it is expected to move along in that direction.
(An inflection day is a day when price changes are severe or the flow can reverse or rebound.)
BAT pump soonHistory doesn't always repeat itself, but it usually rhymes. Last time we had a run up after a downtrend, BAT formed a bull flag. Then, it had a massive 150% pump. We just had a run up after a downtrend, and now the bull flag is almost done forming. If it plays out similarly, we should be expecting a huge pump if we break out of the bull flag to the upside.
BAT is at the bottom of its former channel Potential + 140% BAT is at the bottom of its former channel. The potential is up to the upper boundary of the horizontal channel + 140%. I have shown all the turning points and important support / resistance levels on the chart. The channel itself with a step of + 160% I’ve been trading it for more than a year.
Inside the channel, we see the formation of a “Cup with a handle” reversal pattern, which at the moment has become a reversal pattern after a downtrend. Now rollback after growth of + 111% which I predicted in past trading ideas for this coin in updates
Double bottom and entrance to the former accumulation channel.
And the result after 1 month
BAT There is a "Cup" Coin in the channel Option "Cup with handle
The result is two days later.
Impulse + 23%
A total profit of 111%.
All important areas if this pattern will work out I showed on the chart. The potential is from + 20% to + 111%. In more detail, I described everything on a large scale in this trading idea:
BAT Cup with handle Pivot points from +20 to 111% Channel bottom
A very important point (indicated in red) is the bottom of the horizontal channel. Breaking it and fixing under it will mean a bearish trend. _____________________________________________________________
Channel development potential + 140% The risk is minimal, as the price is almost at the bottom of the channel.
The potential for working out the “Cup with Handle” figure itself is from + 20% to + 111%, depending on which scenario we will go.
+ 20% -to the resistance of the cup, if we do not break through, then the figure is not confirmed.
+ 48% - still local high
+ 111% - full working out of the figure’s potential, as in the book.
Stop loss under the red zone. The lower boundary of the global horizontal channel. Or depending on the trading strategy that you use ______________________________________________________________
It does not matter if you are right or wrong. The only important thing is how much money you earn when you're right, and how much money you lose when you're wrong.
George Soros.
BAT Cup with handle Pivot points from +20 to 111% Channel bottom BAT Figure "Cup with handle." Now "handle" is being drawn. Pivot points on which the confirmation of the figure depends, I depicted on the chart. After this growth, the coin is now at the very bottom of the previous horizontal channel. Very important red zone. This is the lower boundary of the channel. The movement of the coin for several months depends on this zone. Either the coin will go on a bullish path and will be traded in a horizontal channel with a step of + 160% as before , or it will go on a bearish path. I adhere to the first option more.
The development potential of the “Cup with Handle” figure itself is from + 20% to + 111%.
+ 20% - until the resistance of the "cup", if we do not break through, then the formation is not confirmed.
+ 48% - previous local high
+ 111% - full development of the figure’s potential, as in a book.
Stop loss - under the red zone. The lower boundary of the global horizontal channel.
_____________________________________
The "Cup with handle" ("Mug") figure is a figure of the continuation of the trend. It is very reminiscent of the Saucer reversal pattern, but without the handle. One of the main features of this figure is that it is a continuation figure precisely on an uptrend. There is also a variant of this figure in mirror image on a downtrend: "Inverted cup with a handle."
The name of the figure was due to the external similarity with the shape of the cup.
The "Cup with handle" figure (Mug) consists of two parts:
1) Bowls.
2) handle.
____________________________________
The stages of the formation of the figure and the Take Profit
1) The very first condition for the formation of this figure model is an uptrend. How is it a pattern of continuing the uptrend. Ideally, the trend should be strong enough and long enough, but not too "old". Otherwise, the potential for further growth and confirmation of the figure is sharply reduced.
2) "Bowl" - should have a smooth concave bottom. In an ideal "Cup with a handle" ("Mug"), the maximums of the glass (edges on the sides) will be at the same level (general resistance), but this is not a requirement. But, the more "ideal" the form of the "Bowl", the stronger the signal. More rounded shape of the figure "guarantee" a fairly good consolidation and is a more reliable sign with strong levels of support and resistance.
3) After the formation of the "Bowl", the second obligatory component of the figure is formed - this is the "handle". After the maximum is formed on the right side of the "Cup", a small rollback occurs, which is formed to the right of it and which forms the "Handle". It may look different and take different shapes and shapes: flag, pennant, triangle ... Also, these shapes meet with the “Pen” without tilt, but with horizontal movement. Usually, the handle in height does not occupy more than 1/3 of the height of the glass.
It is believed that the smaller the “handle”, the stronger the breakthrough and further movement will be. The edges of the handle are approximately flush with the edges of the glass, which once again confirms the resistance of the figure. "handle" is the last step before the final formation of the figure and the subsequent breakthrough of resistance. The breakout level of the figure is located at the level of the edges of the "cup" or slightly lower if the "Handle" is tilted down (at the level of resistance of the "Handle").
4) The timeframe is of great importance. The longer the formation takes, the more reliable the signal is considered. The larger the time frame, the more reliable the signal.
5) As a rule, at the bottom of the "Cup" the volumes have a minimum value. Then, the volume indicators during the formation of the second part of the "Cup" should gradually increase. On the rollback, prices during the formation of the "Handle" should go down. At the breakout of the resistance of the "Handle" have a maximum value. When the resistance of the figure breaks through.
6) The goal of working out the figure is the distance between the minimum and maximum of the figure (resistance). Overlaid is the distance from the resistance breakout zone. But when setting goals, you need to consider global and local levels. They greatly depend on how the goals in the figure work out.
Alt Coins - Binance Margin Trading Pairs Live ~ IOST, VETGreat news! Our enTHUZed TradingView channel has been selected to take part in beta testing for the next video feature - live video streaming on TradingView. This feature will allow us to broadcast in real time and the audience will be able to engage live via chat. Think of it as Twitch for traders. I am told we will be one of the first channels going live next week!!
I focus on providing live education and support to those interested in trading, Cryptocurrencies, and Blockchain technology. You will learn charting techniques, technical analysis, and the most popular cryptocurrencies for trading. My content is ideally suited for beginner to intermediate level traders.
BAT There is a "Cup" Coin in the channel Option "Cup with handleAfter the breakdown of the horizontal channel, the figure "double bottom" appeared on the chart of the coin. This was in the previous trading idea for this coin in the update. Profit amounted to + 76%
The situation is now.
At the moment, we have the shape of a cup (saucer, rounded bottom) which, at the 4th stage (breaking through the resistance of the "bowl"), can go up to the indicated resistance. Another option - a downward channel can be drawn, which will act as the "Handle" of the "Cup with handle" figure . It is very important that if we follow the second scenario, the red zone is important, which will act as a support for the global channel. Roughly speaking, a successful retest of it will give a signal in growth over the entire width of the channel, and this is + 160%. But if support breaks through, then in the near future it will be better to forget about trading this coin. This is a very unlikely scenario. But this must always be remembered.
At the expense of the coin, the coin is very strong fundamentally , this is one of those coins that I constantly trade and increase my position. I’ve been trading for almost a year and a half BAT.
For example, this trading idea for trading BAT / BTC in a horizontal channel for November 2018.
I showed all three options on the chart. The most likely is the "Cup with handle."
______________________________________
A bit about the figures on the charts
Saucer shape (Bowl, Rounded bottom).
The Saucer shape, or as it is often called the Chalice, the Rounded bottom is a long-term figure that predicts long-term growth that looks like a concave arc. The figure is found on large timeframes. In most cases, on weeks, but on instruments that quickly go through their cycle (cryptocurrency), they can occur on a daily timeframe.
The rounded bottom is quite rare, but very reliable bullish pattern. Typically, a pattern is formed at the end of a long-term “bearish trend” and usually gives a signal of a market reversal.
It should be noted that the ideal symmetry of the figure is not a prerequisite. The main thing is the presence of its key components: the descent of the price, the bottom, the rise in price and the breaking of resistance.
Ideally, the formation of the “Saucer” pattern usually occurs in a narrow price range, in a calm market with the least volatility, when a trend reversal occurs smoothly, without strong price spikes. If, however, price spikes occur, then very soon the price will return to its usual range. The figure signals the long-term nature of the formation of a trend movement. The longer the figure forms in time, the stronger the signal is considered. The most reliable are the figures formed on weekly charts for at least several months. The older the time frame, the more reliable the signal. The rounded bottom is a long-term figure, and can stretch on the chart for a long period.
_________________________________________
Stages of the formation of the figure.
The Saucer figure consists of the following steps:
1) The descent of the price is the first phase of the figure. Price fall trend with a gradual slowdown. In the classical case, it should be a smooth arc, but in practice its shape can be flat or contain, on the contrary, correction minima and maxima. The main condition in this case is the gradually decelerating pace of price reduction.
2) The bottom is the lowest point of prices. It is the geometric center of the figure. It should be located on a gentle bottom (smooth bottom, without peaks). Although sometimes such a formation as the "Thorn" down or closed squeezes comes across at the bottom. The main thing is that these local formations do not violate the overall picture of the figure and movement in the global. If the lower point of the price forms the so-called platform on the chart, then the trading volumes gradually decrease, and at the moment of the price jump up sharply increase. Another surge in prices may be a signal to buy if the maximum of current prices is higher than the previous maximum.
3) Ascent of the price - after the minimum follows the ascent, which should ideally be symmetrical to the descent, and should last as long as the first phase (the descent of the price). There is a tendency to increase prices with a gradual acceleration.
4) The intersection of the resistance formed by the upper boundary of the whole figure (passes through the maximum point of the figure at the beginning of the period of its formation) is an additional confirmation of the rounded bottom and the final phase of the formation of the figure. After breaking through and fixing the price, the resistance level turns into a support level. When crossing the resistance, the volume rises as a rule.
______________________________________
The figure "Cup with handle" (Mug).
The "Cup with handle" ("Mug") figure is a figure of the continuation of the trend. It is very reminiscent of the Saucer reversal pattern, but without the handle. One of the main features of this figure is that it is a continuation figure precisely on an uptrend.
The figure got its interesting name because of the external similarity with the shape of the cup.
The "Cup with handle" figure (Mug) consists of two parts:
1) Bowls.
2) Pens.
This pattern appears on an uptrend. A pattern begins to form when a bottom forms in a concave arc on an uptrend. This is the first part of the figure - "Bowl". Upon completion, another bottom is formed, much smaller than the first. The edges of the "Bowl" and "Handle" are at approximately the same level (form resistance). Upon completion of the formation of the "Handle", the price breaks the resistance line from the bottom up and the figure is successfully confirmed.
________________________________________
Shape shaping and volume change.
As a rule, the volume at the bottom of the "Cup" has a minimum value. "Cups" should gradually increase. The prices of pens should be reduced during formation. On the breakthrough of resistance, “Pens” are of high importance. When the resistance of the figure breaks through.
_________________________________________
You need not only to know the rules of technical analysis, but also to understand what and how and why it works.
All successful bidding.
BATUSDBAT is a bit higher while other coins are falling, and then it is lowered by this drop of BTC.
BAT is expected to touch the 0.37662744 point if it rises above the "symmetrical trendline of the actual downtrend line" and maintains price above 0.24450884.
However, as the trend of the BTC is falling, it is better to watch the situation.
"Key indicator says Year End Could be Positive for Bitcoin" LOL I just said that literally 2-3 days ago... love being ahead of the headlines!
BAT - Looking Sexy - 25% Gain Target AheadLooking at BAT's daily chart, it is looking very bullish. It has a bullish MACD and bullish RSI as it is approaching a key level of significance. This area around .000024 acted a strong support level all throughout the bear market until it was broken in August. Since then, BAT formed a inverse head and shoulders pattern which shot the price back up to this key level. With all the bullishness in the chart, I see no reason why the price cannot hit out .00003 target if it can break resistance at .000024. Look at the price action each time the MACD has crossed over the zero line. It is almost always a strong buy signal. But it will need some serious volume to get passed this resistance area. Have your buy orders ready on a strong break out. This has the potential to be a very nice quick gain.
Did my idea help you make a successful trade?
Donations are always welcome and much appreciated!
BTC : 136dZZ2XyUirYUX1nUXwrU6sGgaBNPiFnU
ETH : 0x2fda8b3ebf9f03078d2e4657ebca5c41ed020bf6
XRP : rPVMhWBsfF9iMXYj3aAzJVkPDTFNSyWdKy Tag: 395032582