Basic Attention Token BAT USD Weekly/Daily/4H analysis
Updated
Hello 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:::
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:::
Note
4H Chart, price just crossed the neckline, and is now testing it as a support. Volume when comming out of the 2nd bottom, and when crossing the neckline.
Expecting to reach 0.23 USD
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