BATUSD trade ideas
Interesting trend line and trading above the cloudHi All,
I see BAT still on a bullish trend, maintaining the trend line since the last March crash.
What do you think about this Crypto?
Does it have potential to grow?
Thnx
Jad
Basic Attention Token (BAT) - June 20Hello?
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We need to make sure we can continue to receive support from the uptrend line (4).
If it goes down, you should get support on the uptrend line (2).
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** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: A resistance point or section where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
Basic Attention Token BAT USD Daily/WeeklyHello Traders!
Let's keep it short and simple.
BAT was moving in consolidation, forming a symmetrical triangle. It seems that it already breakout from it, and the target price could be around 0.26 USD.
:::Daily Technical Analysis Facts:::
- 200MA still works as a strong support for the price.
- 200MA and 50MA about to cross forming the golden cross.
- MACD is pointing up now, and seems to confirm the trend.
:::Weekly Technical Analysis Facts:::
- BAT has been moving slowly but consistently on an upwards trend over more than 10 weeks now.
- MACD continues to be bullish.
:::Fundamentals:::
- The growing base of Brave, the browser where you can get tokens for seeing ads might increase its value as more companies will try to advertise with the browser.
- Brave has an encrypted video call service, that might grow its base even more.
:::Conclusion:::
- Indicators looks bullish on the Weekly and Daily analysis.
- Possible price of 0.26 USD next month.
As always, this is not financial advise, do your own research.
:::Please let me know what do you think, feedback is always appreciated:::
BATUSD Strong Supports and ResistancesBasic Attention Token cryptocurrency has seen some historically strong supports and resistances, and it's coming up on its .30 resistance, after which it should drop to about .15.
Basic Attention Token BAT BATUSD Weekly Analysis / BullishHello Traders!
Looking at the weekly BATUSD chart, there is a downtrend and an uptrend. The downtrend channel started in 2019 (RED), and we might finally broke out of this downtrend, to continue in the uptrend channel (GREEN).
BAT has been growing consistently each week since the crash in March, and has a strong uptrend.
The weekly MACD did a bullish zero crossing, and the price is above 20MA, 50MA, and 200MA on the daily chart, a very bullish indicators.
I expect BAT to continue growing, but first we have to pass resistance at 0.30 USD, an important level to watch, and afterwards, might be a good entry point.
On the fundamentals, the growing base of users of Brave, the web browser that gives you BAT tokens to watch ads, continues growing.
I believe there are good chances for BAT to reach $1 USD in the long term.
Please let me know what do you think, and like if you found this useful information.
As always, this is not financial advice, always do your own research.
Have a good start of the week.
Basic Attention Tokken (BAT) - June 6Hello?
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You need to make sure you can get support above the 0.24450884 point.
If it falls, you need to make sure you get support at 0.22723991.
If it falls further, I think it is possible to increase further if it must be supported by the uptrend line (2).
I think there is a possibility that a new wave will emerge if it can be supported by rising above the long-term downtrend line (3).
To do that, it is important to get support at 0.24450884.
------------------------------------------------
** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: A resistance point or section where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
BAT/USD- Continuation or retrace? Congrats to those that moved on the original break here.
We hit the probable resistance and have since retraced slightly.
(Well played to those that took the double digit gains and protected)
The bullish nature of this support does lend itself to further continuation of this uptrend being plausible. But....
Currently a bit overbought for my liking and also a long way from even small SMA's
I'd like to see a retrace of about 5-6% before this looks more grounded but a push through our previous top may also see a move towards the next targets here over the coming days.
(A quick push rather than consolidation over the next few days may put this in potential free-fall territory)
Protect profits accordingly and don't get wrecked chasing the pump.
As always, not financial advice, just my own thoughts and TA.
Thoughts and feedback welcomed.
All the best for some profitable trades as we move into the weekend.
Bingaz
Basic Attention Token (BAT) - June 1Hello?
Dear Traders, Nice to meet you.
"Like" is a great power for me.
By "following" you can always get new information quickly.
Thank you for always supporting.
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We need to make sure we can get support from the long-term uptrend line (2).
You should also check if you can get support at 50EMA on the 1W chart.
You need to check if there is a rise to touch the long-term downtrend line (3).
------------------------------------------------
** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: A resistance point or section where a response is needed to preserve revenue
S-L: Stop-Loss point or section
S: A point or section where purchase is possible to generate profits as a support point or section
BAT/USD- Tightening for potential breakout?One to keep an eye on here.
Tiny break previously rejected quickly so tight SL in mind if taking positions.
I'd rather be buying in on the support but potential here for some solid gains if it breaks free from current trend.
As always, not financial advice. Just my own TA.
Thoughts and feedback welcomed.
Bingaz.
Basic Attention Token (BAT) - May 27Hello?
Dear Traders, Nice to meet you.
"Like" is a great power for me.
By "following" you can always get new information quickly.
Thank you for always supporting.
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Trend line to be supported: Long-term uptrend line (2)
It should no longer fall below the uptrend line (2).
If you fall on the uptrend line (2), you are likely to touch the 0.17952350 point.
You must make sure that May 27 Close is created above the ascending trend line (2).
If you get support above 1W 50EMA (approximately 0.20729727), I think you are more likely to climb.
However, I think that BTC's movement is unstable, so we need to trade carefully.
------------------------------------------------
** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: A resistance point or section where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
Basic Attention Token BAT USD Weekly/Daily/4H analysisHello traders!
Let's keep it short and simple.
:::Weekly Technical Analysis Facts:::
- MACD -> uptrend.
- 10 consecutive weeks in an uptrend.
- Stochastic RSI -> uptrend
:::Daily Technical Analysis Facts:::
- 200MA working as a great support for price.
- 50MA and 200MA close to make the golden cross happen, maybe beginning of June.
- MACD - about to change direction upwards, still the weekly MACD is very bullish and is an stronger indicator..
:::4H Chart Technical Analysis:::
- MACD -> uptrend.
- Double bottom in progress with a 10% drop, and with a spike in volume after each bottom, still to confirm the breakout.
Overall : I would expect BAT to hold support above the 200 Daily Moving Average, and a breakout after the double bottom might happen.
Fundamentals : Basic Attention Token has a browser and seems to be building a healthy ecosystem around it.
As always this is technical analysis, not financial advice, do your own research.
:::Please let me know what you think in the comments below, having feedback is greatly appreciated:::
Basic Attention Token (BAT) - May 23Good morning?
Dear Traders, Nice to meet you.
"Like" is a great power for me.
By "following" you can always get new information quickly.
Thank you for always supporting.
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Trend lines or points to be supported: Long-term uptrend line (2), 0.19916000 points
MA to climb over to ascend: 1W 50EMA
Support points to expect further gains: 0.22723991
------------------------------------------------
** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: A resistance point or section where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
BATUSD - 61,80-%-Retracement is the obstacle at the upper side So far, the RSI (border 48.5) borderline has been defended and the upward trend has continued. Next, higher highs must come. A breach of the 61.80% Retracement level should further boost the trend.
