Easy BAT Scalp of +30% on the next leg up. Just be patient.The Bull Flag Pattern on Bat
The last two flag poles have been +32% profit
If you set your sell point at 32% profit it should be an
easy automatic set and forget trade from here.
BATUSD trade ideas
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BAT moves closer to colossal breakout eyeing $2.1
Basic Attention Token is looking forward to a possible upswing from a bull flag pattern.
Support above $1 is critical to the upswing, likely to be validated by price action beyond the 50 SMA.
Losses will come into play if the descending parallel channel support is broken.
Basic Attention Token is trading is dealing with a retreat following a majestic upswing in mid-March. The digital asset hit a wall at $1.38, cutting short the massive liftoff. At the time of writing, BAT is exchanging hands at $1.08. If a technical pattern on the 4-hour chart matures as expected, this token will assume the trajectory toward $2.1.
Meanwhile, the least resistance path is downwards, as observed with the Moving Average Convergence Divergence (MACD). This indicator tracks an asset's trend and measures its momentum. The MACD can be used to identify buy the bottom and sell the top levels.
For now, BAT is in the bear's hands, a situation that has been reinforced by the MACD line (blue) sliding under the signal line. The downtrend may continue if the indicator remains with the negative gradient.
However, it is essential to realize that Basic Attention Token seeks support at the descending parallel channel that may mature into a bull flag pattern. This pattern is bullish and may see BAT resume the uptrend, targeting an 84% upswing to $2.1. The length of the flag pole measures the breakout target from the bull flag.
It is worth mentioning that BAT has a bearish impulse according to the Moving Average Convergence Divergence (MACD). If the indicator's downtrend remains intact, the flag pattern will fail to confirm.
Note that a break under the descending channel may extend the bearish leg to the 100 Simple Moving Average (SMA), currently at $0.9. Extended losses will stretch out toward $0.75, support illustrated by the 200 SMA.
Basic Attention Token intraday levels
Spot rate: $1.04
Relative change: -0.05
Percentage change: -4.7%
Trend: Bearish
Volatility: High
BAT expectationAccording to the chart, looks like it moving into a positive direction...there will be small drops but new higher highs will be set. Lots of force and power pushing BAT
a usual suspect $2 tagged BAT is not an astronomical but an expected by the followers of the project so I've drawn my prediction for the path to that goal. Being supported by the 0.618fib, BAT might climb all the way to $2 which makes %100 gain. I'll be watching this very closely next week.
bat usd short then buy?potential short then upward movement,
i would like to see us fall to my support for a buy,
so sell to buy,
i dont trade when it moves sideways tho
BATUSD - LOOKS BULLISH!!! 🚀Previously completed the Falling wedge and jumped from there. Now we clearly can see an ascending forming-up.
Momentum is at its lowest though.. IF we won't gain any momentum in the upcoming days, the triangle can be broken with a bearish run.
Good news:
The operator of the Grayscale Bitcoin Trust (GBTC), Ethereum Trust (OTCQX: ETHE), and Litecoin Trust (OTCQX: LTCN), among others, announces the launch of trusts into five more cryptocurrencies. The new funds will hold tokens for Chainlink (LINK-USD), Filecoin (FIL-USD), Livepeer, Basic Attention (BAT-USD), and Decentraland (MANA-USD). All are surging higher in morning action.
BAT Weekly , Breakout?It seems that there is no resistance on the bat anymore and the price can increase...
like if you agree , GoodLucK...
BAT update - diligently building a falling wedgeIn the very short term, I think it will keep retracing.
But then I'm very bullish on the breakout of the falling wedge to the upside.
The support and resistances on the chart or BTC will determine when it breaks out.
I wouldn't short this right now. Too much upside potential
BAT building a new falling wedge LOLThings are playing out just as we expected.
Two new potential areas to touch.
Falling Wedge forming again. I expect it to come down
BAT loves the falling wedge haha.
More info is written on the chart.
BAT loves the Falling WedgeWe just had a nice breakout in BAT after a falling wedge.
Volume seems to be slowing down. Let's see how this plays out. Next Target upper channel before All Time High
Things about to get BATish crazyHolding true to this gann fan. DEX. $5 bat this year wouldn't surprise me one bit. They are launching a DEX aggregator built in to their browser, where you save on fees by using BAT. So, maybe people will start locking in their gas prices? Just a thought.
