BATUSD trade ideas
Basic Attention TokenProbably one of the most underrated coins on the market. If you aren't following it you need to follow my updates going forward. Crypto has taken a huge hit and I expect that if it doesn't turn around this week then we will have some better buying opportunities in the future. This trend line break poses a possible long opening up with some other levels to add on to the position. BAT is one of the only coins with an actual use case so don't sleep on it.
when the market gets in to a bull run we will find out selves at .70 cent making this an easy 3x opportunity and even more so on leverage. Happy trading! stay tuned for me. Thanks for the support family!
BATUSDBINANCE:BATUSD
👉 The price has formed a potential head and shoulders reversal pattern after 3 months of consolidation.
👉 Fixing the price above 0.46 will make it possible to consider a potential buying trade idea with a take profit around 0.75.
👉 Cancellation of the trading scenario - fixing the price below 0.3466
Short on BATUSD (Leverage Trade)With the current crypto sell-off that we are going through and the overall crypto meltdown,with our team we have prepared another short trading idea which looks at capitalizing on the overall market trend:
🔹 Leverage 10x
🔹 Entry price: 0.30-0.31 (current price)
1) Target 🎯 : 0.295
2) Target 🎯 : 0.29
3) Target 🎯 : 0.27
⛔️ STOP: 0.331
BATUSD (1H) Bullish breakoutHi Traders
BATUSD (1H Timeframe)
The market is in an uptrend and we are waiting for an entry signal to go LONG above the 0.413 resistance level. Only the downward break of 0.389 would cancel the bullish scenario.
Trade details
Entry: 0.413
Stop loss: 0.389
Take profit 1: 0.427
Take profit 2: 0.442
Score: 7
Strategy: Bullish breakout
BAT - Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
WEEKLY: Right Chart
BAT is overall bullish trading inside the brown channel.
and now BAT is sitting around the lower brown trendline acting as non-horizontal support, so we will be looking for buy setups on lower timeframes.
DAILY: Left Chart
BAT broke above our blue wedge pattern and it is currently stuck inside a consolidation in the shape of an inverse head and shoulders pattern.
Trigger => For the bulls to take over, we need the right shoulder to form, then a momentum candle close above the gray neckline.(projection in purple)
Meanwhile, until the buy is activated, BAT can still trade lower until the horizontal green support. In this case, we will be looking for new buy setups on lower timeframes.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BATUSD (4H) Bearish reversalHi Traders
BATUSD (4H Timeframe)
Waiting for the downward break of 0.855 support level which will complete a bearish trend reversal pattern to go SHORT. Only the upward break of 0.937 would cancel the bearish scenario.
Trade details
Entry: 0.855
Stop loss: 0.937
Take profit 1: 0.806
Take profit 2: 0.725
Score: 4
Strategy: Bearish reversal
BATUSD (1H) Bearish reversalHi Traders
BATUSD (1H Timeframe)
Waiting for the downward break of 0.805 support level which will complete a bearish trend reversal pattern to go SHORT. Only the upward break of 0.882 would cancel the bearish scenario.
Trade details
Entry: 0.805
Stop loss: 0.882
Take profit 1: 0.760
Take profit 2: 0.685
Score: 4
Strategy: Bearish reversal
BAT AnalysisYesterday, BAT found strong support near $0.58. It bounced very quick in the same day and closed at its open price, formed a dragonfly doji candlestick. That’s an optimistic sign at least in the short term, because it seems that large traders entered the market.
Low volume (locally higher buy volume). Maybe the last weak hands are eventually out of the market.
The first bullish sign of strength came today, with a full green candle.
Conservative traders may wait the bearish trendline breakout, before placing their bids.
Aggressive traders may buy at the current price or wait a correction (if occur) at the trendline resistance.
The next crucial resistance is near $1.00 – psychological resistance.
If nothing happened in the world like a new war, we will see a new high in the next weeks or months.
Trading is a probability game. There is no perfection in that.
Market is unpredictable. Stay to your plan. Do not panic sell.
BAT USD Parabolic Growth HTF Buying OpportunityBAT USD is approaching the parabolic growth trendline which has traditionally been a very strong buying opportunity for all crypto assets on parabolic growth long-term (Ethereum, Dogecoin, Syscoin).
HTF is at a strong support, with a confluence of launch of native DEX on Brave Browser (with 50 million monthly active users, 20x higher than Uniswap $UNI).
Goldsworth called Dogecoin at $0.003 and Syscoin at $0.02