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Batusdt

BAT/BTC UpdateSo my previous chart on BAT got invalidated due to lack of bearish momentum. So, i made a new analysis on BATBTC. - As we see here, BAT broke out of the channel and flipped it to support. - We can expect the price to go up to the 1.272-1.618 fibonacci extension. That would be our first take profit region. - If the price extends beyond that point we can look to tak our next profit at 2.24 extension. All of which is marked in the chart. Will update when required. Follow me for regular content on Crypto and Equity based charts. -Kautilya.K
Long
by kautilya_k
Basic Attention Tokken (BAT) - June 6Hello? Dear Traders, Nice to meet you. "Like" is a great power for me. By "following" you can always get new information quickly. Thank you for always supporting. I am a person who does not speak English well. So, it's very likely that you're using the wrong word. Please understand this. We will try to improve it in the future. -------------------------------------- You need to make sure you can get support above the 0.24450884 point. If it falls, you need to make sure you get support at 0.22723991. If it falls further, I think it is possible to increase further if it must be supported by the uptrend line (2). I think there is a possibility that a new wave will emerge if it can be supported by rising above the long-term downtrend line (3). To do that, it is important to get support at 0.24450884. ------------------------------------------------ ** Check support, resistance and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee profit or loss on investment. Description of abbreviations shown in chart R: A resistance point or section where a countermeasure is needed to preserve revenue. S-L: Stop-Loss point or section S: A point or section that can be purchased for profit generation as a support point or section
BINANCE:BATUSD
by readCrypto
Basic Attention Token (BAT) - June 1Hello? Dear Traders, Nice to meet you. "Like" is a great power for me. By "following" you can always get new information quickly. Thank you for always supporting. -------------------------------------- We need to make sure we can get support from the long-term uptrend line (2). You should also check if you can get support at 50EMA on the 1W chart. You need to check if there is a rise to touch the long-term downtrend line (3). ------------------------------------------------ ** Check support, resistance and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee profit or loss on investment. Description of abbreviations shown in chart R: A resistance point or section where a response is needed to preserve revenue S-L: Stop-Loss point or section S: A point or section where purchase is possible to generate profits as a support point or section
BINANCE:BATUSD
by readCrypto
Basic Attention Token (BAT) - May 27Hello? Dear Traders, Nice to meet you. "Like" is a great power for me. By "following" you can always get new information quickly. Thank you for always supporting. -------------------------------------- Trend line to be supported: Long-term uptrend line (2) It should no longer fall below the uptrend line (2). If you fall on the uptrend line (2), you are likely to touch the 0.17952350 point. You must make sure that May 27 Close is created above the ascending trend line (2). If you get support above 1W 50EMA (approximately 0.20729727), I think you are more likely to climb. However, I think that BTC's movement is unstable, so we need to trade carefully. ------------------------------------------------ ** Check support, resistance and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee profit or loss on investment. Description of abbreviations shown in chart R: A resistance point or section where a countermeasure is needed to preserve revenue. S-L: Stop-Loss point or section S: A point or section that can be purchased for profit generation as a support point or section
BINANCE:BATUSD
by readCrypto
Basic Attention Token BAT USD Weekly/Daily/4H analysisHello traders! Let's keep it short and simple. :::Weekly Technical Analysis Facts::: - MACD -> uptrend. - 10 consecutive weeks in an uptrend. - Stochastic RSI -> uptrend :::Daily Technical Analysis Facts::: - 200MA working as a great support for price. - 50MA and 200MA close to make the golden cross happen, maybe beginning of June. - MACD - about to change direction upwards, still the weekly MACD is very bullish and is an stronger indicator.. :::4H Chart Technical Analysis::: - MACD -> uptrend. - Double bottom in progress with a 10% drop, and with a spike in volume after each bottom, still to confirm the breakout. Overall : I would expect BAT to hold support above the 200 Daily Moving Average, and a breakout after the double bottom might happen. Fundamentals : Basic Attention Token has a browser and seems to be building a healthy ecosystem around it. As always this is technical analysis, not financial advice, do your own research. :::Please let me know what you think in the comments below, having feedback is greatly appreciated:::
BINANCE:BATUSDLong
by sirfreakthemighty
2
Why Basic Attention Token Is Getting More Bullish Than BitcoinHi friends hope you are doing well. Today will do technical analysis on the Basic attention token and we will also see the reasons why the BAT token is turning more bullish than Bitcoin. Today's article will also help us understand whether to invest in Bitcoin is more profitable or in BAT token is more beneficial. Harmonic move of BAT token: First of all I would like to recall the harmonic patterns that were formed by the BAT token and the Bitcoin on the long term charts. If we take a look at the Basic attention token then on 16th of March I published an article where I revealed that BAT token has formed a complete bullish Shark pattarn after the successful formation of BAT pattern. And as per Fibonacci sequence I predicted that the BAT token should move up between $0.193 to $0.28. And we have witnessed that price action took bullish divergence from the potential reversal zone and produced more than 124% profit. Harmonic move of Bitcoin: On the other hand I also posted an article on the Bitcoin as well where the Bitcoin had formed a very big bullish Gartley pattern on the monthly chart. And as per Fibnoacci sequence of Gartley I predicted that the BTC should move up between $8650 to $12000. And finally the price action took a powerful bullish divergence from the potential reversal zone and produced almost 50% profit. This profit ratio is almost less than have of the profit that the basic attention token has produced. Falling wedge pattern of BAT token: Now if we switch to the weekly chart then we can see that the Basic attention token has formed a falling wedge pattern. After hitting the support of the wedge it has taken a very powerful bounce and reached up to the resistance. Here I have also placed the volume profile on the complete price action moving within this wedge and we can see that below $0.17 there is very e weak interest of the traders therefore when the price action moved down than this level It moved up again. There is another positive indication that the bollinger bands is above the resistance of this wedge pattern, therefore it will be easy for the priceline to break out the resistance of the wedge. Down channel of Bitcoin: On the other hand the Bitcoin has also formed a down channel on the weekly chart. And when the basic attention token was getting bounced from the support of wedge at the same time the Bitcoin also got a strong bounce from the support of the channel and reached up to the resistance. I've also placed the volume profile on the complete price action within this channel and we can see that the traders interest is very low below $6800. Therefore when the price line moved below than this level it moved up again and reached at resistance. The bollinger bands on this chart is also above the channel resistance, therefore it will be easy for the priceline of Bitcoin to break out the resistance. SMAs of BAT token on daily chart: Now let's move to the daily chart and here 1st we will take a look at the basic attention token. Here I have paced the simple moving averages with the time period of 25, 50, 100 and 200 and we can see that the priceline has crossed up all these for simple moving averages. And now price action moving at the support of 200 SMA. The 50 simple moving average is moving up to form the golden cross with 100 then 200 SMAs. When the 50 SMA will form the golden cross with 200 simple moving average then many traders can be attracted to buy Basic attention. Because this golden cross between 50 and 200 SMAs is considered as a strong buying signal. Therefore after this golden cross we can expect more powerful bullish move. SMAs of bitcoin daily chart: On the other hand if we watch the Bitcoin daily chart then after crossing up all the simple moving averages the Bitcoin went at very far distance from simple moving averages. And at this time the price action of BTC has the support of 25 simple moving average. That is not as that much powerful support as the basic attention token has. Therefore there are chances that the BTC may breakdown the 25 simple moving average and drop at the 200 SMA support that is at $8000. However there is another possibility that the Bitcoin will turn bullish from the 25 SMA and move more up. But we can have an idea that the moving averages on the BTC chart has formed more golden crosses than Basic attention token, so when the moving averages on BAT token chart will form the due golden cross then it can turn more bullish than Bitcoin. The exponential moving averages: If we watch the exponential moving averages then the BAT token dropped between EMAs 10 and 21 and at this time it is likely to take it bounce and moving above the exponential moving average 10. On the other hand if we watch the BTC chart that the Bitcoin is still moving between EMA 10 and EMA 21 and facing the resistance EMA 10. This is a significant because if price action of BTC will be broken down then Bitcoin can start bearish move upto $8000 where we have 200 simple moving average support. But if the Bitcoin will continue its sideways move between these two EMAs then soon the BAT token will ignore the Bitcoin’s sideways move and it will turn more bullish as it is already getting bounced from EMA 10 and 21. Similar channels on daily chart: On the daily chart the BAT token and the Bitcoin both have formed a similar up channels. Both currencies started this channel in March 2020. But at this time we can see that the Basic attention token is moving up after hitting at the support of the channel, but on the other hand the Bitcoin is still moving sideways with the support of earth channel. And again there is a possibility that if the Bitcoin will continue to move sideways with the support of the channel then Basic attention token can ignore this sideways move of the BTC. And it can reach up to the resistance of the channel very soon. Let’s talk about the support and resistance of BAT token: Now I would like to show you different long-term support and resistance levels on the weekly chart. As have seen that after the recent strong bearish move the BAT token got bounced from the lowest support of 15 cents. Now the price action is stuck at the resistance of $0.20. This is not very powerful resistance as we can see that when in August 2019 the price action breakdown $0.20 support level then only 5 candlesticks moved sideways then the BAT broke out this resistance level very easily then we have also witnessed in the month of December only four candlesticks moved sideways and finally the price action broke out this resistance level again. And this is for the 3rd time we are having sideways candlesticks at this resistance level. Therefore I am expecting that the priceline can break out this resistance very soon as it has been doing in the past. Then Basic attention token has next resistance level at $0.28. That is not broken out since after it has broken down this level in the month of July 2019. Once this resistance level will be broken out then we will have a final key level resistance at 43 cents. And once this ki level resistance will be broken out then the Baton can try to achieve the highest price ever in the history of basic attention token that can be up to $2 or beyond on long term. Conclustion: Even though the Basic attention token is embracing the bullish and bearish signals of the Bitcoin. But after receiving the bullish signals it is turning more bullish than Bitcoin, even if the BTC moves sideways the BAT token is making upward moves. Therefore if the BTC will be not dropped then Basic attention token can produce more profit than Bitcoin on the short-term and on the midterm charts. Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
Long
by moon333
2
Basic Attention Token (BAT) - May 23Good morning? Dear Traders, Nice to meet you. "Like" is a great power for me. By "following" you can always get new information quickly. Thank you for always supporting. -------------------------------------- Trend lines or points to be supported: Long-term uptrend line (2), 0.19916000 points MA to climb over to ascend: 1W 50EMA Support points to expect further gains: 0.22723991 ------------------------------------------------ ** Check support, resistance and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee profit or loss on investment. Description of abbreviations shown in chart R: A resistance point or section where a countermeasure is needed to preserve revenue. S-L: Stop-Loss point or section S: A point or section that can be purchased for profit generation as a support point or section
BINANCE:BATUSD
by readCrypto
BATUSDT formed big bullish Shark | Upto 144% move expectedHi fox hope you are well, here I have found another big profit potential trading idea and this time on long term 2 week chart after successful formation of bullish BAT battern the Basic attention token (BAT) has formed another bullish Shark pattern and entered in potential reversal zone to move up. The Pattern: Let’s dig the pattern deeper to see how perfect it has been formed. After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 1.13 to 1.618 of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.886 to 1.13 Fibonacci and now entered in potential reversal zone. Even though the priceline has hit the spike beyong the PRZ level but now retraced back and entered in PRZ area again. Buying And Sell Targets: The buying and sell targets according to harmonic Shark pattern should be: Buy between: $0.1492 to $0.1136 Sell between: $0.1931 to $0.2778 So this trade can produce upto 144% big profit. Stop Loss: The potential reversal zone area which is up to to $0.1136 can be used as stop loss in case of complete candle stick closes below this level.
Long
by moon333
Basic Attention Token (BAT) - May 17Hello? Dear Traders, Nice to meet you. "Like" is a great power for me ("Like" gives me the power to post charts). By "following" you can always get new information quickly. Thank you for always supporting. -------------------------------------- We need to make sure we can get support at the critical point of 0.19916000 and the long-term uptrend line (2). You should also see if you can rise above 50 EMA on the 1W chart. I think it is in an important position for further gains. I hope you will be able to ascend with support. However, I think that trading should be done according to the flow of market conditions. Therefore, we believe that careful trading is necessary. ------------------------------------------------ ** Check support, resistance and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee profit or loss on investment. Description of abbreviations shown in chart R: A resistance point or section where a countermeasure is needed to preserve revenue. S-L: Stop-Loss point or section S: A point or section where purchase is possible to generate profits as a support point or section
BINANCE:BATUSD
by readCrypto
Basic Attention Token (BAT) - May 12Hello? Dear Traders, Nice to meet you. "Like" is a great power for me. We will try to reciprocate with better information. By "following" you can always get new information quickly. Thank you for always supporting. -------------------------------------- I need to make sure I can get support at the 0.17952350 point. You should also check if you can get support by rising above the 0.19916000 point, which is an important point in the vicinity of Low. In order to switch to an upward trend, you need to rise above the 0.19916000 point and be supported. If you fall below the 0.17952350 point, you are likely to touch the 0.15494740 point or the 0.11939172 point. If I can get support at 50 EMA or higher, I think there is a possibility that it will rise again. ---------------------------------------- See support, resistance, and abbreviation points. Support or resistance is based on the closing price on the 1D chart. Description of abbreviations shown in chart R: A resistance point or section where a countermeasure is needed to preserve revenue. S-L: Stop-Loss point or section S: A point or section that can be purchased for profit generation as a support point or section
BINANCE:BATUSD
by readCrypto
Basic Attention Token (BAT) - May 9Hello? Dear Traders, Nice to meet you. "Like" is a great power for me. We will try to reciprocate with better information. By "following" you can always get new information quickly. Thank you for always supporting. -------------------------------------- Bitcoin Halving has about 4 days left. It is expected that this week will be flown to decorate the finale of Bitcoin Halving. There is not much left this week. You have to watch what will happen over the weekend. It broke above both the long-term uptrend line (2) and the uptrend line (1). I think this shows that there is considerable power inherent. I think it is possible to check whether it is supported by the upward trend line (1) whether it is a temporary rise or not due to circulation pumping. You should also make sure you can get support above 0.22723991. The long-term downtrend line (3) is passing within the 0.24450884 to 0.28206292 range. We also need to check if we can rise above this downward trend line (3). This is definitely a strength, as it rose above the point where the sharp drop on March 12 was. ---------------------------------------- Rather than deciding to which point it will rise, I hope now that I can decide where to keep the profits and losses, and close the upward trend with good results. ---------------------------------------- See support, resistance, and abbreviation points. Support or resistance is based on the closing price on the 1D chart. Description of abbreviations shown in chart R: A resistance point or section where a response is needed to preserve revenue S-L: Stop-Loss point or section S: A point or section that can be purchased for profit generation as a support point or section
BINANCE:BATUSD
by readCrypto