Batusdt
BATUSDT completed Gartley move | Upto 35% move expectedOn daily chart, the price action of Basic Attention Token has formed Gartley pattern and reached in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets as per Fibonacci sequence of Gartley pattern should be:
Potential reversal or buying zone: $ 0.2184 to $ 0.1994
Fibonacci projection or sell zone: $0.2333 to $0.2694
Stop Loss:
The potential reversal zone area that is up to $ 0.1994 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has a profit possibility of 35% and as per the above-mentioned stop loss, the loss possibility is 8.7%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
BAT/USDT Fundamental & technical AnalysisWhat Is a 🌟Basic Attention (BAT) 🌟Token?
BAT is short for Basic Attention Token; it is a digital advertising token which is built on the Ethereum blockchain. The purpose of the BAT token is to create an ad exchange marketplace which will connect the advertisers, publishers, and users in a decentralized manner.
The Basic Attention Token (BAT) was created by the co-founder of Mozilla and Firefox, Brendan Eich, in an effort to improve the security, fairness, and efficiency of digital advertising through the use of blockchain technology. It is the native token of the Brave web browser and is built on top of Ethereum. BAT's white paper is dated January 7, 2018. As of 2020, the project is still being developed, although a beta version of the Brave browser is available for download.
As blockchain and digital currencies continue to proliferate, companies have sought new ways to apply this innovative technology to older problems and issues, such as web browsing and web-based advertising.
BAT Token Value
According to its white paper, the Basic Attention Token launch aimed to raise a total of $24 million USD. According to Coincodex, "The Basic Attention Token reached its highest price on January 9, 2018, when it was trading at its all-time high of $ 0.999568. It has a circulating supply of 1.36 billion BAT with a total supply of 1.50 billion BAT."
The exchange rate for BAT is set at 6,400 BAT per ETH, meaning that as the price of Ethereum climbs or falls, the price of BAT will be adjusted proportionally as well.
-------------------------------------------------------------------------------------
❇️Quick Technical analysis
currently by rising of the ethereum marketcap , this coin also faced a sharp rise, and now we can consider this coin as a good investment opportunity technically,it's trading within bullish run and possibly looking to grow more by more . Looking on last weekly candle shows that ,it proceed the trend after a short breather.
And considering the volumes of Huge purchases that have been made in the price range of $ 0.18 to $ 0.27, the possibility of heavy correction is low.
-------------------------------------------------------------------------------------
👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades.
BAT close to ATLBAT is one of those coins with strong fundamentals and a qualitative working product that is yet to experience a pump in this bull run we are having in the general crypto market.
I'd rate this as a very interesting moment to take a postion in BAT. Perhaps we could see one more move down to the all time low around 1100 sats (not taking the long wick on the first candle into account) and form a double bottom or just start gradually moving up towards the first real resistance around 2100 sats.
I'm not saying this will be one straight move up, but I do believe BAT could reach that level that previously worked as a low of the blue range.
What do you believe could happen to BAT? How do you feel about the project itself.
BATUSDT Descending Channel BREAKOUTBAT/USDT currently trading at $0.221
LONG ENTRY LEVEL :$ 0.205 to 0.222
STOP LOSS ( support): Below $0.186
Resistance level 1(Target) : $0.275
Resistance Level 2(Target): $0.315
Resistance Level 3(Target): $0.435
Risk Reward Ratio: 1:6
Max Leverage: 5X
ALWAYS KEEP STOP LOSS...
Please Follow our Tradingview Account, Like, Share and Comment your thoughts
✳️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"
BAT USDT |HOW much it falls ?? | Best moveAfter some confirmation over 4H, 1D, and 1W charts, it's clear now that the price for BINANCE:BATUSDT will fall again till the next support level.
entry price : 0.1952
TP1 : 0.1558
What do you think about this strategy, share your comments below;
Make sure to subscribe!
If you enjoyed this Idea hit the Like button and support us!
bat/usdt go to longHi, I hope this analysis is useful for you.
I live in Iran and I intend to buy a Pro site account. But because our money is worthless against the dollar, it is very difficult for me to buy a trading account and I have to spend my 1 month salary to buy an account.
For this reason, thank you. If you used this analysis and benefited, give me some donate as a gift so that I can activate the final account.
Stop: 0.2000
Basic Attention BAT - Descending triangleNot looking good for BAT token, as there is a descending triangle. Also, bitcoin dominance is rising heavily, which is bad for all altcoins. You can profit from this move on any crypto futures market.
Please, hit the like button and follow me for more of these ideas!
Also, check my signature down below ↓