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BAT USD Breakout for cup and handle formationBullish Technical Analysis of BAT Token to USD on Coinbase IntroductionThe Basic Attention Token (BAT) has shown promising signs of a bullish trend on the Coinbase exchange when charted against the US Dollar (USD). This document will delve into the technical indicators and chart patterns that suggest a strong upward trajectory for BAT. Price Action and Trend Analysis Recent Breakout: BAT has recently broken out of a descending triangle on the weekly timeframe, which is typically a bullish reversal pattern. After consolidating for months, the price has decisively moved above the resistance, signaling potential for an upward movement. Moving Averages: The BAT/USD pair has crossed above both its 50-day and 200-day moving averages, which is often seen as a golden cross, an indicator of strong bullish momentum. This crossover suggests that the short-term trend is now aligned with the long-term trend, supporting the bullish outlook. Support and Resistance Levels: The token has tested and broken through a significant resistance zone around $0.25, now potentially acting as a new support level. This shift could lead to a higher price target, with immediate resistance levels at $0.75, $1.56, and ambitiously, $2.80 in the near term. Technical Indicators Relative Strength Index (RSI): The RSI for BAT has moved out of the overbought territory and is currently hovering in a healthy range, suggesting there's room for further upward movement without being immediately overbought. This indicates sustained buyer interest. MACD (Moving Average Convergence Divergence): The MACD line has crossed above the signal line, and the histogram shows increasing positive momentum. This crossover is another confirmation of the bullish trend in BAT/USD. Volume: Accompanying the price breakout, there has been a noticeable increase in trading volume, reinforcing the validity of the breakout. High volume during uptrends often indicates strong market participation and commitment to the upward trend. Chart Patterns Cup and Handle: The BAT/USD chart shows elements of a cup and handle pattern on a longer timeframe, which is considered one of the most reliable bullish patterns. This pattern suggests that after a period of consolidation, there could be a significant move upwards. W Pattern: There's a forming "W" pattern, which is another bullish indicator, showing that BAT might be preparing for another leg up after testing its support. A close above the current resistance could confirm this pattern. Market Sentiment Social Sentiment: Posts on X (formerly Twitter) have shown a predominantly bullish sentiment towards BAT, with many traders and analysts discussing the potential for BAT to reach new highs based on recent chart patterns and breakouts. Conclusion Based on the technical analysis, BAT/USD on Coinbase exhibits multiple bullish signals. The breakout from the descending triangle, positive momentum indicators like MACD and RSI, along with supportive chart patterns such as the cup and handle and "W" pattern, all point towards a strong potential for price appreciation. While no investment is without risk, the current technical setup suggests that BAT could be poised for significant growth, potentially targeting levels at $0.75, $1.56, and beyond in the coming weeks or months. Traders and investors should, however, continue to monitor these levels and adjust their strategies according to market developments.
COINBASE:BATUSDLong
by Goldsworth
1
BAT: Privacy, Metaverse and Web 3.0 in oneGet in on the BAT, it's the next big thing Privacy on the web, a Metaverse king With Web 3.0 projects, it's correlated you see Native crypto wallet, just like Opera, but better believe me Created by Brendan Eich, the JavaScript king Don't miss out, let your profits take wing The Basic Attention Token, a new way to surf A browser built for the future, it's not just a turf The competition's weak, Opera's all alone But with BAT, you'll be navigating on your own It's not just a browser, it's a portal to more A gateway to the Metaverse, an open door A new era of the web, where privacy reigns With BAT, you'll be ahead of the chains So don't wait, don't hesitate Get in on the BAT, before it's too late Join the future of the web, be a part of the game Invest in the Basic Attention Token, and watch your wealth gain.
Long
by Majnoonu
3
Why I'm Watching Basic Attention Token (BAT)This idea is apart of the OKX ideas contest. They are giving away 13 ETH or USD $ 25,000 as well as TradingView Premium plans to people who share interesting trade ideas from the OKX: crypto feed. To enter, you only have to publish an idea like I am doing here ( Learn about the contest here ). So here's my idea: I have long liked Basic Attention Token OKX:BATBTC because I use the Brave Browser quite a bit. As crypto becomes a popular tool for products, their communities, and giving the average user a chance to be apart of the journey, the Brave Browser stands out to me most. BAT or Basic Attention Token is the underlying crypto that powers the Brave browser. By the way, the founder of Brave is also the co-founder of Mozilla and Firefox. His name is Brendan Eich. First of all, browser technology is gigantic. There are hundreds of millions of people who use the Chrome Browser each day. In addition, Google mines their data and sells it to advertisers. It's a strange business when you examine it deeply. As they say, if it's free, you are the product. My thesis is simple: more people will see value in moving off platforms like Google and toward ecosystems that are not only more privacy centered, but also have an underlying "currency" that can be used alongside the platform. This is a win-win for users, builders, and companies. For the first time, your use of a platform can be rewarded in a clear way. I personally find it beneficial that I can both use Brave, own my privacy, and with the tokens be apart of the success. The more I use Brave, the more I share it with friends, there's a chance for me to benefit alongside using their tokens. Now I should say there is a bearish story to all of this: 1. The chart is ugly 2. Bitcoin is outperforming alts like Brave massively 3. Some people say Brave is just a giant bot network 4. Brave's privacy tools have been scrutinized 5. Brave token holders only enjoy a small fraction of benefits currently 6. As always, a hack would render the entire thesis useless and this is always a risk in crypto Nonetheless, with so much doubt and bearishness, perhaps a bottom will be found. I've market that level on the chart. There's a saying that failed moves lead to fast moves. Let's see if this breakdown is a false drop and now a bull rally resumes. By the way, be sure to use the okxideas in the tags section when publishing your idea. This is a key way to be entered! Read the post I linked above for more. Good luck and thanks for reading!
BLong
by scheplick
4
BAT BTC Sun Rays Megastructure same as ETH at $220 in 2020 (22x)Background FA: BAT announced Fundamental Partnership with Solana and launched own DEX in Brave Browser (100m monthly users), making it a direct contender for Uniswap, $UNI (which has 3 million users and market cap 10x bigger than $BAT). Background TA: BATBTC Pair broke out of Long-Term Downtrend with highest ever volumes, sending the BATUSD pair into ATH and Price Discovery . Sun Rays Megastructure for BAT BTC is extremely similar to a similar megastructure that appeared with ETH USD pair in June 2020, when ETH was 220 USD. ETH went on to make a 22x run upwards after that. Two interesting TP levels to watch marked. Goldsworth. Org Technical Analysis ideas brought you $DOGE at 14 Sats , $LUNA at 10 cents, $SOL at 3 dollars.
Long
by Goldsworth
Basic Attention Token (BAT) for a move up to $2 before year end!Basic Attention Token (BAT) From a fundamental standpoint, BAT is one of the most exciting small-cap blockchain projects out there with a remarkable long-term growth potential. This comes from the fact that while many cryptocurrencies promise big things, the Basic Attention Token is one of the few and far between blockchain based businesses that actually have the tools they need to solve a real-world problem that we are facing today. The Basic Attention Token aims to disrupt and substantially improve the filled with controversies $330 billion digital advertising industry, which many believe that is currently failing its users, publishers and advertisers. BAT has already made meaningful steps towards resolving the large number of endemic inefficiencies and privacy violations hobbling the digital ad industry as it aims to make crypto and DeFi accessible and useable for everyone. BAT has seen stunning results since its integration into the Brave browser’s first global private ad platform: 30 million monthly active users, 10 million daily active users, 1 million verified creators accepting BAT, millions of wallets created, thousands of ad campaigns with leading brands, and growing utility in the most innovative names in blockchain gaming. The results make BAT one of the most, if not the most, successful alt–coin projects to date. Furthermore, we’ve received braking news today that the largest crypto asset managing company, Grayscale Investments, has decided to double down on its bet on altcoins and has purchased an additional 188,991 BAT over the past seven days; 1,141 LINK in the last week and 8,823 in the past 30 days; 2,416 FIL in the past week and 5,121 over the past 30 days. At the moment, Grayscale holds $39.634 billion worth of Bitcoin, $13.438 billion in Ether, $6 million in BAT, $9.4 million in LINK and $6.1 million worth of Filecoin. We believe that this is expected to be a huge catalyst for a major price appreciation moving forward, as it significantly strengthens the investment thesis for BAT. From a technical standpoint, after the most recent price surge where the price almost tripled in a matter of just few trading sessions, rallying from the $0.60 level all the way up to $1.53, we are now presented with an attractive buying opportunity for BAT at around $1.04 per coin. The recent more than 30% correction came as a no surprise due to the expected heavy profit taking that took place after that 300% rally. However, as you can see on the chart, the price structure looks very healthy as BAT is trading above all of its major moving averages 5, 20, 50, 200 EMAs. In addition to that, we must point out that the corrective movement stopped right at the upward sloping trendline support (blue line), which also coincided perfectly with the 61.8% Fibonacci Retracement on the 4H chart. Both the RSI and Stochastic oscillators have also retraced from overbought conditions and are turning higher as we speak. We are also seeing an ascending triangle forming on the 4H chart, with a neckline at around $1.25. We expect the price to push through the resistance lying at $1.25 in the next 3-5 daily trading sessions. Once the break is confirmed, BAT will take off towards its next major level of around $1.90-2.00 per coin. Since BAT, is still a small-cap cryptocurrency with a total market cap of only $1.5 billion, our long-term forecast for BAT shows that it has the potential of reaching the $4-6 per coin range. From a risk-management standpoint, we will look to place our Stop Losses immediately below the 50-period EMA on the 4H chart at around $0.84 in case of a sudden price failure. However, in an event where we see BAT moving sharply lower, we will be looking to buy more of BAT at a discount as we firmly believe in the long-term growth prospects for the Basic Attention Token.
COINBASE:BATUSDLong
by DowExperts
2
6 Months of BAT - An Increase in ValueThe Basic Attention Token can be seen to have visibly increased in value over a 6 month period. This may be due to: - The anticipated launch of the Brave search engine - The Brave Rewards Programme - An increase in the Brave Browser user base According to Brave, this token is a crypto asset for the "the new internet economy". This coin is relevant to the digital advertising industry. ---- Disclaimer: This does not constitute any form of advice including legal, financial or investment advice and should not be construed or relied on as such. Always seek advice from a qualified and registered legal practitioner or financial or investment adviser.
KRAKEN:BATUSD
by calculations
6
It's basic. Gets your attention. It's a token... MoonBAT recently got listed on Coinbase Pro & Bitstamp. Before that was added on Grayscale so institution now have full access. It is one of the coins newbies can relate to due to the browser. Definitely one of the hottest ones right now and is coming out of massive capitulation vs BTC and vs USD it has been going up nice and steady after being in accumulation forever. In my opinion everything has lined up perfectly for BAT as it is coming out of that accumulation both vs BTC and vs USD and has re-claimed some key support levels. Currently older coins are pumping and BAT is one of them. It could easily double from here over the next few days
BINANCE:BATUSDLong
by BitcoinMacro
BAT/BTC Rdy to Grow - Short-Mid-Long term Prevision 85% to 205%Hi , Cryptotraders BAT/BTC has done nice movements this last Days, today and yesterday we hae seen a little correction but i think it'll continue his growing tomorow. or a low chance to retest a new support. White Rectangle is Buying Range Placing order in the lower range cost nothignand it can make you big gain but also placing in the upper part of the rectange iuf yu want to be sure to be in when it'll grow again versus BTC (BTC is bearish short term correction and maybe consolidation (flat) for a few days after) So all of this is good for Altcoin. Red Rectangle is support range Vertical Blue Line = My Target where i place Sell order T1 = 2300 - 2350 (85%) T2 = 2736 - 2775 (120%) T3 = 3310 - 3400 (170%) T4 = around 3400 (205%) Like if you agree and/or comment if you disagree or have some correction or simply share your opinions
Long
by Ar3sCoin
BAT - Another perfect setup! Target 75 cents.Swing trade alert here. Time frame = 4-6 weeks. You can see a perfect Cup and Handle pattern is almost complete. The RED line measures the depth of the CUP. Clone that and estimate our exit from the handle and we'll come up with a fairly accurate target. I will post a picture of this in the comments section. Again, this is not a fast trade. Give it at least 4 weeks. It may happen faster but I'd rather under-promise and over-deliver on expectations here. Let me know in the comments if you are taking the trade. Follow this post and I will update along the way. When we reach the target I will close out. Happy Trading friends!
Long
by stewdamus
2
BAT/USDT- Potential to break long term resistanceWatching BAT closely for the next few days. Could be a pump not to be missed. Some positive press this week has highlighted this project again and with the long term resistance potentially about to break we could see some excellent gains over the coming days. Last time we broke this level we ran for about 50% gains but prior to that the .2830 has long been the resistance point. This market however is on more bullish. Prefer the lower entry but will personally consider the break entry if we see a 4hr candle close above- (don't trade the long wick only) As always, not financial advice, just my thoughts and TA- DYOR! Breakout entry's are always higher risk so trade within your means. Bingaz.
Long
by Bingaz