Batusdt
Bassic Attention TokenNeeds to retest trendline ?!
Ater that....🚀🚀🚀
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Time to make some coffeeBATUSDT seems to form a cup handle formation. Key resistance is 0.2345. If coin pass and close above 0.2345, than formation may work. After that, formation goal (long-term) is 0.3230 price level.
Alternate scenario; if coin can't pass the 0.2345, we can see downward prices to 0.1995 at short/mid term (EMA 89). Also we can follow the trendline for buy and sell points for short term.
BAT / USDT. Potentially Forming a Dragon Pattern. BAT/USDT may be forming a Dragon Formation , provided that the price breaks the downtrend line (red line) and fixes above it.
If the price cannot overcome the downtrend line, then the downtrend will start with the target zone being the local low.
The points of observation are showed on the graph.
ENTRANCE
1) Entrance on a breakthrough or pullback after breaking a trend resistance line (red resistance line).
2) Entry from the previous price lows when confirming support, if in this situation the price can not overcome the downtrend line.
TARGET
1) If the price overcomes the trend resistance line and fixes above it, then the Dragon Formation will be confirmed.
The entire length of the "Dragon's tail" is the target zone of this figure.
The potential is from +19% (hump level) to +128% (head level).
2) If the price does not overcome the downtrend line, then after the downtrend, the entrance is from support (around. 0.145-0.15) the first target being the downtrend line.
Stop Loss
Under key support levels during your entry into the market.
I learnt this formation from "SpartaBTC" so if it works out, he deserves the credit.
#Basic Attention Token | Prepare To Take OffEntry : 0.00002348 - 0.00002251
Target 1 : 0.00002505
Target 2 : 0.00002722
Target 3 : 0.00002863
Target 4 : 0.00003264
Target 5 : 0.00003455
Stop loss : 0.00002154
Risk/Reward : 5%/52%
Do not risk a large amount of your money
Do not hurry to buy, the price may go down to good places
Please share your opinion in the comments box and do not forget to press the like button
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BATUSDT formed bullish Shark | Upto 90% bullish move expectedPriceline of Basic Attention Token / US Dollar cryptocurrency has formed a bullish Shark pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy betwee: 0.1593 to 0.1291
Sell between: 0.1861 to 0.2458
Regards,
Atif Akbar (moon333)
BATUSDT found resistance |all indicators,patterns are bullishOn day chart the price action of Basic Attention Token (BAT) has found $0.1959 and resistance at $0.1487 this support of 0.1487 dollar was found 29 Aug 2019 when the price action took drop more than 29% upto $0.1326 but since then the priceline could not break down this support.
Sofar this support has been found very firm therefore we can expect a breakout form here or more sideways move at this level for some more time.
Indicators and Oscillators:
Price action is hitting the upper band of Bollinger bands and the mouth of bollinger bands is expanding and moving up.
Relative Strength Index (RSI) was oversold up till 18 Dec and now bullish.
Moving average convergence divergence (MACD) is strong bullish.
And if we see the Directional movement the +DI has crossed up -DI and ADX is above 29 level and giving strong bullish signals.
On 12hr chart the Ichimoku cloud is turned bullish and lagging span of ichimoku cloud has crossed up the priceline and the price action has also crossed up the bearish cloud on the other hand the chop zone has also given strong bullish signals by turning bullish.
Moving Averages:
If we see the simple moving averages with time period of 25 50 100 and 200 the we have the same position as we had in Sep 2019 the order of moving averages was as:
25MA was below all then we had 50MA then 100MA and then 200 simple moving average was above all then on 3rd Nov 2019 a complete alligator mouth was opened which was formed with 25MA , 50MA and 100 simple moving average but 200MA was not able to be the part of this alligator mouth and the price action turned bullish and hit the $0.2784 which was the highest point since Sep 2019 to the date of writing.
The moving averages are likely to make the same move and 25MA has crossed down the price action and pushed the candles sticks up now the price line has hit the 50MA and 50MA is likely to cross down the price action soon and this will also lead to the golden cross between 25MA and 50MA then a strong bullish divergence can push the price action more to cross up the 100SMA and then the price action will hit the 200SMA and if the price action will be able to cross up the 200 simple moving average then we can see a complete alligator opened mouth between all these simple moving averages and the price action can hit the second resistance level at $0.2695 and if this resistance level will be broken then a strong bull run can be observed.
The Harmonic Move:
In my previous predicted that Basic Attention Token has formed the Shark pattern and it will hit the projection area of 0.382 to 0.786 Fibonacci of C to D leg of this Shark pattern and below was the article:
Now you can see sofar the price action has taken the bullish divergence form the potential reversal zone of this Shark pattern and entered in this projection zone as I predicted Alhamdulillah and sofar it has produced more than 25% gains this is a very positive signal but we need a breakout the 0.786 Fibonacci projection level in order to start a real bull run and as we have see above all signals from moving averages and indicators are turning bullish so it is really possible
So guys be ready I hope this prediction will be full filled soon as my previous article however if you have any suggestion and ideas you can share in comments section with me.
Thanks and Regards,
Atif Akbar (moon333)
BAT/BTC TA Update (Bullish Bounce Off?)BAT/BTC
BAT bounces off right at the 0.618 golden Fib and currently fight the downward resistance coming from the previous Swing High at 3263 sats area. If BAT can break outside this trend-line,
I can see upside action up to the 3000 area before hitting another strong resistance. Priority is going Long and stop-loss below 2200 sats area.
$BAT broke out of the falling wedgeDaily MACD just crossed over, almost reached significant support level. In the next few weeks $BAT might be heading to 0.2332$.
On the chart BAT/BTC price is inside descending triangle just few days ago tested current support line and bounced out of it. And now might be heading to current resistance level 2880-2940 sats
Even though there a plenty things impaling bullish continuation i encourage you to trade carefully and consider current market situation on alt makret.
Do not forget about stop-losses.
Trade carefully and good luck!
BAT/BTC TA Update (Minor Pump on the way?)BAT/BTC
BAT is on a deep downfall for 25 days already without any minor upward price reaction. It is holding the 100 Day MA as support currently and within the area of 0.618 Fib.
RSI is reaching an overbought condition. I expect a minor pump is due for a lower high to be set during this short term down-trend.
I AM BUYING BATUSDT - MORE UPSIDE POTENTIALFirst, clear 5 wave to the downside is finished.
We saw $0.1327 as local low. It could finished its' longer term correction.
The other possibility is impulsive move to the downside and correction to the upside as ABC.
Whether red ABC correction finish or not, good buying opportunity for me. Either it can play like ABC (big scale) or 12345 impulsive move to the upside.
12H Time frame BATUSDT at good buying zone. I am buyer $0.19 area right now. My stop is at $0.13
I can take profit if i will see 3 wave to the upside (red B play). Then i can add more at red C.
If its going up impulsively i will try to hold my position until $0.5 levels.
If its play like impulsive ;
Entry; $0.19
Stop; $0.13
TP; $0.50
R:R 5.167 which is AMAZING
As a trader have to be nimble and don't forget that it could be ABC correction to the upside still on the table.
I will decide this in action. Follow, share and like for more. Thanks.