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BAT/USDC: BAT & Twitter partnership, Watch for breakout Fundamentals: The Brave team just released the ability to tip BAT to verified Twitter users. This alone may change the entire Twitter business model and bring attention to BAT. Price Action: Watch for a breakout above $0.40. We saw an attempt this weekend for a breakout that was quickly sold down just shy of the resistance. Action above the resistance line will be quickly bought up with low volumes on most exchanges. BAT is expected to break into the previous peak of $0.50 and within a day of two blast past it into the 0.70s and 0.80s like the price action we saw a few months ago. Still on pace for $1.00 in a few months. Good luck
Long
by cryptocrude
BAT/USDC: Consolidation before big moveWith Bitcoin, Ethereum, and Litecoin all rallying the last few hours, BAT has been maintaining a strong consolidation trend. It looks like the first week of June will be the moment of truth for BAT/USDC. Since bulls have taken over the market we've seen a return of a raging bull market. A realistic outcome would be for BAT/USDC to have a violent move up somewhere around June 5, similar to what we saw a few weeks ago. A conservative target would be $0.60 by middle of July, possibly touching $0.75 for a moment before backtracking. My previous prediction of consolidation in this range is turning out to be accurate, and my target of $1.00 by end of summer is still on track. If the market does go bananas like 2017, we could even see more upside but I want to remain realistic. BAT/BTC ratio remains suppressed more than I would have thought. However, that's not entirely surprising now that bitcoin has taken the lead role in this bull market. Keep an eye on breakouts this weekend. It feels like social media is buzzing right now and all of the trading groups are expecting big moves this weekend, most likely to the upside. If BAT breaks out of its triangle before June 5 all bets are off and we could see $1.00 even earlier.
by cryptocrude
1
BAT/BTC: Ready, Aim.... Yesterday's volatility brought some reality into the markets. (We can't just go straight up forever?). Even with a 20% retracement we are in a healthy bull market and now is the time to start poking around the alt ratios and finding some deals. Well, take a look at the chart above for the BAT/BTC ratio. Everything indicator is telling me that BAT is about to run 2x versus BTC. The last few times BAT was this low against BTC we went about 2x and I don't see why today would be different.
by cryptocrude
BAT/BTC: Something's Gotta GiveAs shown (predicted?) in one of my previous charts, BAT price against USDC appears to be stabilizing. However, the last few days and weeks BAT has been getting crushed against BTC and traders are no doubt feeling the pain emotionally and financially. "Should I dump BAT for BTC or ETH?" has crossed my own mind, so no doubt it's crossed yours. Should I FOMO from a consolidating asset into an overextended, overheated blue chip? Well, I guess when I put it that way it seems obvious, and looking at the ratio it appears BAT may be heading into oversold versus BTC. Take a look at the highlighted areas in Price, RSI, and MACD. This is not the best time to would flip BAT for BTC, in fact if anything I think these indicators are flashing a red hot stinking Sell BTC for BAT. With BTC appearing overheated we should see a rotation into alts like BAT, but the big question is whether the USD/USDC price will follow?
by cryptocrude
BAT/USDC Profit Taking and ConsolidationOvernight, savvy traders saw the opportunity for a quick flip with BAT hovering at highly oversold territory. A big bounce off 0.27 burst through the Correction Channel convincingly and those who made a quick 20% in the span of a few hours will be locking in profits. Look for a brief selloff in the near term followed by some consolidation. Watch the price action for confirmation of strength to the upside. BAT has declined roughly 50% from its recent highs. As a result, the probability of further sell-off is declining and risk/reward is tipping toward the bull case. BTC continues its grind upwards as traders watch in disbelief. As the bear-clouds clear from the horizon and bulls take control, BAT will be the beneficiary of the Bitcoin tide rising all boats. TLDR: Consolidation in near term through the weekend, followed by growing probability of more strength.
by cryptocrude
BAT/USDC: Consolidation then move up, price target $1.00+ by AugAs predicted, BAT has been consolidating against the USDC (Coinbase) for the last few days. The blue chip rally will likely continue into this week, but there is a sense that traders are likely taking profits on BTC and rotating into ALTs. BAT will likely be the beneficiary of the rotation as investors continue to buy up the coin with expectations of a return of at least 2x-3x in the next few months. Price is slowly trending toward $1.00 which could be realized by August. End of the year is anyone's guess, but if the rally continues it's conceivable BAT would end the year in the $2.00-$3.75 range strictly on a technical viewpoint.
by cryptocrude
May I have Your Attention, please!Hello dear crypto friends! Basic Attention Token is close to breaking 35 cents important Weekly resistance in USD. We changed the Weekly trend already by breaking 16,5 cents lower highs. First TP zone in that scenario would be 40 cents: 16% profit Second TP zone would be 50 cents: 40% profit Accompanied should the move in USD be also by relative strength towards grandpa Bitcoin: Here we have already broken the important Weekly Equilibrium at .55 and successfully retested the breakout. Currently we have a nice Cup & Handle on the 4H. Good luck & happy trading! ;) If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :) Edgy is providing online education & tools only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
by Edgy_
7