Basic Attention Token (BAT 1D) Round and round we goHi
After a good rally and the appropriate correction BAT seems once again on the right track to greatness. Meaning a new weekly uptrend.
On the daily time frame the coin has close above all daily EMA with a rising RSI and Stochastic.
The risk reward ratio is good. If the price remains above the 200 daily EMA (in blue) and the support line (0.214$) we can trade a retest off the resistance line (0.278$) for a quick scalp.
Disclaimer: This is not financial advice as I’m not a financial adviser. Everyone is wise to manage their own risk properly when considering any trading decision or activities.
BATUSDC trade ideas
BAT may continue his correction since last HighHi, my first try here.
I'm trying to see the BAT going to give us some highs but, my very little knowings about elliott waves is telling me that we'll MAYBE have to be patient, seeing some more lows.
A good thing to accumulate !!
Comments are welcome, I want to progress. Thanks !
BAT breaking key rangesSustained creator growth and usage as indicated by
brave.com
batgrowth.com
Coinbase adding multi-collateral DAI
blog.makerdao.com
"The Maker community is currently evaluating seven cryptocurrencies, including prediction market Augur’s REP token and digital advertising platform Brave’s BAT token. Of the seven tokens, the first two being evaluated by the interim risk team for inclusion in MCD are BAT and ETH. "
Brave overtaking Firefox in app store ranking
Brave Rewards released on iOS
Brave 1.0 released
brave.com
TAP network rollout planned for Q1/Q2 2020
brave.com
"allow Brave users to redeem Basic Attention Tokens (BAT) for real-world rewards offered by over 250,000 top brand partners in the TAP Network"
Bullish Bat on $BAT/USDC @Coinbase (Daily TF)Bullish Divergence on both oscillators on the daily time frame near critical support. You are closing in on the PCZ of the Bullish Bat. I will take a position if we can hit the PCZ. If we miss it and it rally's so be it, but I stick to my trading strategy and the most optimal position to take a position in is at the PCZ with Bullish Divergence and at critical support. Gains can be significant here in terms of targets. Does it have to play out? no, of course not but their is a higher probability of it playing out than there is of it not playing out. I think this is a very safe entry for BAT to the USDC on Coinbase. Other exchanges are showing very similar indicators as well for a potential price reversal on BAT. Too many overwhelming variables here for me not to take a position. I give credit to Mitch Ray for spotting this opportunity out. If you do not know Mitch Ray, I recommend looking him up on youtube as well as joining the discord. Its an amazing community with a bunch of people in it that all share the same passion and hobby as us and that is trading!
BAT-USDC Breaking DowntrendBAT-USDC has been in a downtrend since late April 2019 and has finally broken the downtrend with confirmation.
Buying at these price levels ($0.18 to $0.20) provides a great risk/reward ratio.
This trade is more of a multi week/month swing trade.
Stop loss should be placed at the recent low, which is around $0.165.
BAT Falling Wedge?With BAT currently on a 4 month downtrend since its spring highs, it appears to be forming a falling wedge formation. With a legit use case, a growing user base, this token isn't going to zero. In fact there seems to be tremendous pressure in trying to suppress the price to fill up on bags.
BAT @ Major Decision PointThis is for education purposes and learning.
It seems the BAT is attempting to break through the major resistance trendline in the midst of a rising wedge. If BAT can't make it back over the major resistance I see more downside, possibly drifting back down to bounce off the support line from December.
I trade BAT for fun. This is not financial advice.