Basic Attention BAT - Huge breakout soon! + Head and Shoulders
BAT successfully completed an ABC correction from the last impulse wave and is potentially prepared for another massive impulse wave to the upside!
The chart is printing a local inverse head and shoulders, bullish reversal pattern, and we are really close to a breakout.
This can be a good breakout trade above the head and shoulders + trendline (channel).
The first profit target is below the all-time high, because I think we will need more time for a possible consolidation here, and then we can go much higher.
The price is still below the key level of 0.444 USDT, so we still need a confirmation from the bulls.
I recommend buying a breakout at a new swing high (0.4595 USDT).
I expect tremendous gains for selected altcoins. You can find them in the related section down below.
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Batusdt
BATUSDTHello again
Currently, we are at the bottom of the long-term ascending channel, the channel has not broken down, the ranges have been maintained in the corrective trends.
As long as the price range of $0.2919 is maintained, there is a possibility of completing the head and shoulder pattern at the end of the downward trend.
Don't forget that in order to form an upward trend, the downward trend line must be broken upwards and the failure must be consolidated.
We would be happy to hear your comments(;
BATUSDT Analysis (LOCAL VISION)Hello friends.
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Everything on the chart.
Entry: market and lower
Target: 0.5 and ~0.6
after first target reached move ur stop to breakeven
Stop: ~0.35 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 5
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
BAT/USDT - Potential Short ScenarioHello Traders!
BAT moves within the descending trend, gradually completing the previous market cycle.
The price is near the resistance level of $0.43, which will serve as a trigger for the continuation of the local counter-trend movement.
We can assume that if the local trend breaks, the downward pricing on the asset will continue. We should expect the culmination of the sales in the price range of $0.18 - $0.274 after the price leaves under the support level of $0.274.
It is possible to look for medium-term purchases of the asset near the support level of $0.18 in the price range of $0.18 - $0.22.
The targets of such purchases will be the price levels of $0.43 and $0.59
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
BAT - time to trim the sheep🐑Reasons to take short:
⭐️ BTC bearish
⭐️ Formation is 24 days old
⭐️ In the end of formation
⭐️ Trendline is clean
⭐️ Price is squeezing to the trendline
⭐️ Had false breakout
⭐️ 5th touch
⭐️ 55 ATR
⭐️ Under VWAP
Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself
📊 BAT moved 10% up. Will this resistance reject us again?
Hello, dear TradingView members.
This idea is a BAT analysis.
BAT made a 10% ascending move today, and now it's facing the resistance level for the 4th. Time.
This resistance level is again rejecting the price, but it's not as powerful as the previous times.
Scenario One:
The price will pass the resistance level and, after confirmation, reach the potential target as shown in the chart.
Scenario Two:
The price will be rejected by the horizontal resistance level and fall on the support zone.
The Speedometer indicator shows Buy volumes on the market for BAT on a 1D interval.
Now have in mind: ANY news about this coin can cause a big pump or dump at this moment!
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.
ADAUSDT 6H TA: Important SupportWe are in an important support area where we expect buyers to support us again. If this range is supported and the upward trend line is broken, we expect the price to increase to the specified points, and if the important support range is broken downwards, the analysis will be updated.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
Basic Attention BATUSDT - ABC completed! + Falling wedge!- On the daily chart, we can spot a falling wedge and the price is currently above the wedge.
- Due to my Elliott Wave analysis, the ABC correction should be completed and we are ready for a new bull market!
- You can buy a breakout above the black tripple top resistance line.
- If we look at the volume indicator - we can see a huge bullish volume spike, which is definitely a great sign.
- Profit target: 0.618 FIB + Previous triangle POC.
- Look at my ideas about another interesting altcoins in the related section down below ↓
- For more content, please hit "Like" & "Follow"!
(BATUSDT) Update 📈📉HEY, what's going on ?!
Since Apr 09, 2021, when I posted the last analysis for Basic Attention Token, after hitting my first Tp ,then as other altcoins it has been declining so far . (more than 250%💰 (1x)long).
So now as you can see on the weekly timeframe for batusdt , after retesting the support zone ,rebounded and is aiming to fill the 'VG(volume gap) zone , so the as you can see it can reach the higher red resistance zones or the white VWAP line , then it'll more likely fall again , because at this current situation(bear market ) , I consider any rise as a pullback to higher key zones. anyway if it loses the support zone so then it can even see lower support levels.
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
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BAT couple of long options.Here's a couple of long options for BAT. There's a nice falling channel / bull flag kind of formation, that looks like it wants to breakout on the lower time frames.
There's like a messy inverse head and shoulders here; now looking for it to have another go at that neckline. I personally might set an alarm/alert for the break of that neckline and it might surprise me down the line.
Basic Attention Token Bullish Divergence To 120%The chart for Basic Attention Token vs Tether (BATUSDT) looks weak.
We have prices trading below EMA10, bearish.
A weak RSI and bearish MACD... But there is more.
We have a strong bullish divergence between BATUSDT, the MACD and RSI.
This divergence is strong and can signal that prices will grow.
Remember to build your own plan before trading.
Prices can drop just as they can go up.
Namaste.