BATUSD trade ideas
Is BAT breaking out?The price is trading around 2 fibb levels for some time now. Meanwhile the 100 MA and 26 EMA are coming near each other, so thats acting as time resistance.
Almost 2 months we've been inside this symmetrical triangle which is forming from an uptrend.
BTC will probably try to claim 9K and make it a supp, thats when I expect alts to do well.
We're above the 100 MA from feb and thats practically the 2nd time, BAT is performing quite well on coinbase in terms of Volume .
Thats why Im expecting the price to break out of this triangle and to test the blue trend line .
BAT about to explodeLooking at all the majors only one or two stick out. The biggest one is BAT. RSI is showing a breakout formation, but price has not confirmed yet. Normally RSI gives us an early indication of breakouts such as these. I am targeting a 35% move back to .268/.236 area.
BTC couldn't break 8250 convincingly and closed below horizontal support giving the alts a chance to re-consolidate and start running independent of BTC. BAT I believe will be one of the top performers with potentially ZRX over the coming days.
Basic Attention Token Price Analysis BAT / USD: Failing To SuppoBasic Attention Token / USD Short-term price analysis
Basic Attention Token has a bearish short-term trading bias, with the BAT / USD pair now trading below its 200-period moving average on the four-hour time frame.
The four-hour time frame is currently showing an inverted head and shoulders pattern, with BAT / USD sellers working hard to invalidate the bullish pattern.
Technical indicators on the four-hour time frame are bearish and continue to turn lower.
Pattern Watch
Traders should note that the BAT / USD pair will experience heavy technical selling if bears invalidate the inverted head and shoulders pattern on the daily time frame.
Relative Strength Index
The RSI indicator on the four-hour time frame is bearish and continues to track price lower.
MACD Indicator
The MACD indicator has a neutral bias on the four-hour time frame and is currently failing to generate a clear trading signal.
Basic Attention Token / USD Medium-term price analysis
Basic Attention Token has a bearish medium-term bias, with the BAT / USD pair falling back towards major technical support on the daily time frame.
The daily time frame is showing that a neutral triangle pattern has taken shape, with sellers now attempting to force price under critical trendline support.
Technical indicators remain bearish on the daily time frame and continue to issue a sell signal.
BAT / USD Daily Chart by TradingView
Pattern Watch
Traders should note that a large head and shoulders pattern will form on the daily time frame if a bearish breakdown below key technical support occurs.
Relative Strength Index
The RSI indicator has turned bearish on the daily time frame and shows scope for further downside.
MACD Indicator
The MACD indicator on the daily time frame is currently issuing a sell signal and continues to show bearish MACD divergence.
Conclusion
Basic Attention Token has an increasingly negative outlook across both time horizons, with the cryptocurrency edging closer to a major technical breakdown.
If sellers can force the BAT / USD pair below key trendline support, we may see a strong decline and the bearish MACD divergence on the daily time frame reversed.
BAT's Will Fly...Bullish News, MS Flips and Buyers Chomp Dips Just Watch This DEVELOP...it's all on the CHART for BINANCE:BATUSD Bigger the time frame, clearer the picture. Share your ideas and opinions, do you see what I see?
BAT batusdAnother update on these crypto terds, but this one had made me the most money in my portfolio, since this is basically like a penny stock any cent movement means big bucks for you. In which is in a tight triangle at the moment and wants move higher. REDs are resistances and green is support and yellow is the stop. Good luck everyone.
BATUSDI don't like BATBTC chart, that's why I watch for such a level on BATUSD. I know it looks low. But I think still possible.
BAT/USD - 1 Hour chart - Potential 100%possible 5th underway.
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BTC: 1LCayhGfdzsNP9M5227LyE28FKed4thEsB
LTC: LaPLQ6JoiqrxYED9FBNVphyApAhpW4Yw3R
ETH: 0x1Ec59747Ff307FaA71de070A3914e9afFbac7424
BATUSD hit targets and bounced, Now What? target Zones plottedBAT hit an expected support and bounced, see previous analysis below.
The bounce was exactly from a lower support to higher former support.
Close up looks like a clean 5-wave Impulse, calling for an ABC retrace.
3200-3230 bounce would be very bullish.
3050-3100 bounce would be 'normal' for early in move.
3160-3150 is a mid support (2.236) may well bounce it.
Ideally bulls are eager enough to step in BEFORE .30 round number.
Thus a break of the 3060 line would be of CONCERN or at least less bull.
But a break of the Impulse (fib 1) at 2960 would be DEVASTATING !!
The ABC plot is of course purely a GUESS so path is whatever.
The FIB zones are SOLID, reaction to them is worth observing.
Check out the Fib zone reactions in previous plot below .
Previous Analysis looking for the bounce:
BAT needs to rest it's wingsLike the BAT project. A long term buy, but seems overbought.
Not financial advice. Do you own research.
BAT Next Leg Up? BAT looks to be pulling into support and ready for the next leg to the upside. At the very least I expect a reset of $.50 however the $.60 level can be met with further upside.
Quick Look @ BATI have been keeping an eye out on BAT as I think the project has a bright future - Short term trade potential - if the red line bounces we will see an upward trend continue and if the price breaks below the red line we will see a downward trend.
