BATUSD trade ideas
batusd tradeBroke 2 year range and right now is retesting the range, I bought a bag and planning to buy a little more on range high
Let's see what market gives us.
BAT: short term correction, long term growth. BAT seeing some air.
Could see a retracement before the next jump up.
General current events regarding the browser that this token is used on seem positive. (Positive social sentiment)
Even without that it seems to be on its way in a uptrend in its larger cyclical lifecycle.
BAT needs a breather...looking at BAT we can see major bearish divergence. after a strong rally we appear to be creating a rising wedge candlestick pattern which indicates a reversal. This however is still bullish long term. it would only be a small correction in comparison to the monthly run.
however if we do break to the upside we will moon & continue the run (on other coins e.g. eth and btc i have seen these patterns break bullish repeatedly so this is not invalid)
BAT/USD - Ready for ATH at $1 🚀🚀🚀BAT is quickly moving for a retest of its old ATH at $1. Nice.
Where are we now?
We seem to have reached resistance at $0.87 cents. I'd be surprised to push higher from here as this resistance should push us lower before BAT has another shot at ATH / $1.
Possible path on the chart. This cooldown could provide a good re-load opportunity to ride the wave towards ATH once that new push starts.
The indicators are all very bullish:
1. Increasing volume on this move up - bullish
2. MACD very bullish with a positive cross on daily
3. RSI pushing higher still
This train won't stop, so $1 is pretty certain at this point, just a matter of time, beyond that we will have to revisit the chart.
Best to see if you can catch a wick down before another push up.
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BAT BREAKOUT IMMINENT --> $1.08 PTTHIS IS NOT FINANCIAL ADVICE
BLACK LINES are support.
RED LINES are resistance.
BLUE LINES are trends.
TRADE IDEA:
BAT token is breaking resistance. If it can break .65 it can go straight to $1.08
FUNDAMENTALLY
The next reasons I like BAT and went big on it TODAY are more fundamental reasons. It is on Coinbase and on Voyager Digital brokerage , which are 2 of the highest exposure markets for crypto. This creates longevity in liquidity and accessibility for the token.
BAT token is a token designed for the advertisement industry. It is dispersed through the Brave browser , which is a growingly used privacy browser. I personally use Brave on my phone and on my laptop and yes I have earned about $10.00 in BAT there this past year from just using there privacy browser and blocking spammy ads and data collections from 3rd party sites.
Characteristics of Brave ::
-Use of a web browser to control your ads.
-Fair distribution of advertising revenues among advertisers, publishers and users.
-Creation of a transparent and efficient digital advertising market.
-Move from a quantitative to a qualitative advertising model: fewer ads but better quality ads.
-Advertisers receive better data on their highlighted products.
-A Blockchain-based payment system with the Basic Attention Token (BAT) at the centre of the system.
-Prevention of the manipulation of the number of clicks by robots.
-Avoid the misuse of users’ personal and mobile data by trackers when displaying advertisements.
Past BAT Ideas:
Short term looks great This is my idea for the short term supported by mr. ABCD . I'm thinking more by the end of 2021.
There's a Huge Fight ATM BTW TIGER & BAT!Hello Traders,
We once again have a Tiger Salamander crawling its way back onto our Charts!
Very Rare, almost as rare as the species itself!
All systems a go!
BAT's hate Tiger Salamanders and it will fly as high away from it as possible, maybe to the moon...
You can check out the last time we were visited by the Tiger Salamanders cousin the Salamander Dragon here:
Good luck!
Bat Target ProfitHi I am sharing with you my technical analysis on BAT Target profit on this specified region.
BAT- Impending breakout opportunityBreakout or not, continue to accumulate inside the demand zone and reduce the positional size if the price falls below the POC.
BAT - In the sell zoneLooks like crypto BAT has clearly gone into the lower BBand, and indication that lower prices could be in the near future.
The Stoch and the MACD agree.
Going to keep an eye out on this one.
$BAT daily chart Trendline LessonWonderful Wonderful trendline still dominating and owning $BAT ... because of it's strength, once this resistance is legitimately broken - it should become and hold as support and create a great foundation for $BAT to climb away from!
BAT/USD 4h So Many Ways To GoHoping for a bullish scenario, but thinking of negative ones as well.
Previous forecasts here were not that precise, but some of the expected levels worked.
My nearest take profit goal is $0.75 and then will see
What's your take on this? Please let me know in comments.
This is not an investment advice as I'm not a financial advisor.
Make your investment decisions at your own risk and perform your own researches.
And REMEMBER: Likes and comments make your trades much more successful :)
