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Basicattentiontokenusd

BAT/USDT - Potential 64% SetupHello Traders! BAT is exiting a downtrend. The price has tested MA50 on the 12H timeframe, the RSI indicator is in the bullish zone. Buyers' base of support is in the range of $0.80 - $0.89. It is possible to look for buying in the range of $0.85 - $0.89 with a stop under the price level of $0.70. The targets for fixing of profits will be the Fibonacci correction levels: $1.31 (0.50) and $1.46 (0.618) Good luck and watch out for the market P.S. This is an educational analysis that shall not be considered financial advice
Long
by UnknownUnicorn10064030
BATUSDT completed Gartley move | Upto 35% move expectedOn daily chart, the price action of Basic Attention Token has formed Gartley pattern and reached in potential reversal zone. Buying And Sell Targets: The buying and sell targets as per Fibonacci sequence of Gartley pattern should be: Potential reversal or buying zone: $ 0.2184 to $ 0.1994 Fibonacci projection or sell zone: $0.2333 to $0.2694 Stop Loss: The potential reversal zone area that is up to $ 0.1994 can be used as stop loss in case of complete candlestick closes below this level. Possible profit and loss ratio: As per above targets this trade has a profit possibility of 35% and as per the above-mentioned stop loss, the loss possibility is 8.7%. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Long
by moon333
Why Basic Attention Token Is Getting More Bullish Than BitcoinHi friends hope you are doing well. Today will do technical analysis on the Basic attention token and we will also see the reasons why the BAT token is turning more bullish than Bitcoin. Today's article will also help us understand whether to invest in Bitcoin is more profitable or in BAT token is more beneficial. Harmonic move of BAT token: First of all I would like to recall the harmonic patterns that were formed by the BAT token and the Bitcoin on the long term charts. If we take a look at the Basic attention token then on 16th of March I published an article where I revealed that BAT token has formed a complete bullish Shark pattarn after the successful formation of BAT pattern. And as per Fibonacci sequence I predicted that the BAT token should move up between $0.193 to $0.28. And we have witnessed that price action took bullish divergence from the potential reversal zone and produced more than 124% profit. Harmonic move of Bitcoin: On the other hand I also posted an article on the Bitcoin as well where the Bitcoin had formed a very big bullish Gartley pattern on the monthly chart. And as per Fibnoacci sequence of Gartley I predicted that the BTC should move up between $8650 to $12000. And finally the price action took a powerful bullish divergence from the potential reversal zone and produced almost 50% profit. This profit ratio is almost less than have of the profit that the basic attention token has produced. Falling wedge pattern of BAT token: Now if we switch to the weekly chart then we can see that the Basic attention token has formed a falling wedge pattern. After hitting the support of the wedge it has taken a very powerful bounce and reached up to the resistance. Here I have also placed the volume profile on the complete price action moving within this wedge and we can see that below $0.17 there is very e weak interest of the traders therefore when the price action moved down than this level It moved up again. There is another positive indication that the bollinger bands is above the resistance of this wedge pattern, therefore it will be easy for the priceline to break out the resistance of the wedge. Down channel of Bitcoin: On the other hand the Bitcoin has also formed a down channel on the weekly chart. And when the basic attention token was getting bounced from the support of wedge at the same time the Bitcoin also got a strong bounce from the support of the channel and reached up to the resistance. I've also placed the volume profile on the complete price action within this channel and we can see that the traders interest is very low below $6800. Therefore when the price line moved below than this level it moved up again and reached at resistance. The bollinger bands on this chart is also above the channel resistance, therefore it will be easy for the priceline of Bitcoin to break out the resistance. SMAs of BAT token on daily chart: Now let's move to the daily chart and here 1st we will take a look at the basic attention token. Here I have paced the simple moving averages with the time period of 25, 50, 100 and 200 and we can see that the priceline has crossed up all these for simple moving averages. And now price action moving at the support of 200 SMA. The 50 simple moving average is moving up to form the golden cross with 100 then 200 SMAs. When the 50 SMA will form the golden cross with 200 simple moving average then many traders can be attracted to buy Basic attention. Because this golden cross between 50 and 200 SMAs is considered as a strong buying signal. Therefore after this golden cross we can expect more powerful bullish move. SMAs of bitcoin daily chart: On the other hand if we watch the Bitcoin daily chart then after crossing up all the simple moving averages the Bitcoin went at very far distance from simple moving averages. And at this time the price action of BTC has the support of 25 simple moving average. That is not as that much powerful support as the basic attention token has. Therefore there are chances that the BTC may breakdown the 25 simple moving average and drop at the 200 SMA support that is at $8000. However there is another possibility that the Bitcoin will turn bullish from the 25 SMA and move more up. But we can have an idea that the moving averages on the BTC chart has formed more golden crosses than Basic attention token, so when the moving averages on BAT token chart will form the due golden cross then it can turn more bullish than Bitcoin. The exponential moving averages: If we watch the exponential moving averages then the BAT token dropped between EMAs 10 and 21 and at this time it is likely to take it bounce and moving above the exponential moving average 10. On the other hand if we watch the BTC chart that the Bitcoin is still moving between EMA 10 and EMA 21 and facing the resistance EMA 10. This is a significant because if price action of BTC will be broken down then Bitcoin can start bearish move upto $8000 where we have 200 simple moving average support. But if the Bitcoin will continue its sideways move between these two EMAs then soon the BAT token will ignore the Bitcoin’s sideways move and it will turn more bullish as it is already getting bounced from EMA 10 and 21. Similar channels on daily chart: On the daily chart the BAT token and the Bitcoin both have formed a similar up channels. Both currencies started this channel in March 2020. But at this time we can see that the Basic attention token is moving up after hitting at the support of the channel, but on the other hand the Bitcoin is still moving sideways with the support of earth channel. And again there is a possibility that if the Bitcoin will continue to move sideways with the support of the channel then Basic attention token can ignore this sideways move of the BTC. And it can reach up to the resistance of the channel very soon. Let’s talk about the support and resistance of BAT token: Now I would like to show you different long-term support and resistance levels on the weekly chart. As have seen that after the recent strong bearish move the BAT token got bounced from the lowest support of 15 cents. Now the price action is stuck at the resistance of $0.20. This is not very powerful resistance as we can see that when in August 2019 the price action breakdown $0.20 support level then only 5 candlesticks moved sideways then the BAT broke out this resistance level very easily then we have also witnessed in the month of December only four candlesticks moved sideways and finally the price action broke out this resistance level again. And this is for the 3rd time we are having sideways candlesticks at this resistance level. Therefore I am expecting that the priceline can break out this resistance very soon as it has been doing in the past. Then Basic attention token has next resistance level at $0.28. That is not broken out since after it has broken down this level in the month of July 2019. Once this resistance level will be broken out then we will have a final key level resistance at 43 cents. And once this ki level resistance will be broken out then the Baton can try to achieve the highest price ever in the history of basic attention token that can be up to $2 or beyond on long term. Conclustion: Even though the Basic attention token is embracing the bullish and bearish signals of the Bitcoin. But after receiving the bullish signals it is turning more bullish than Bitcoin, even if the BTC moves sideways the BAT token is making upward moves. Therefore if the BTC will be not dropped then Basic attention token can produce more profit than Bitcoin on the short-term and on the midterm charts. Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
Long
by moon333
2
Basic Attention Token | Be Ready For A Roller Coaster MoveHead & Shoulder pattern: On daily chart the Basic attention token formed a Head and Shoulder pattern. This move was started on 18th December 2019 and now we can see that after the completion of this pattern the priceline has broken down the neckline and even dropped more down. A death cross can lead the priceline down: On the same daily chart 50 simple moving average formed a golden cross with the 200 simple moving average on 9th February 2020. After this golden cross the traders had expectations that the priceline of Basic attention token will start more powerful bullish rally. After this golden cross the BAT token has hit up to $0.3221 and after that the price line started dropping. Then after 14th of February up till so far we can see the priceline is bearish. Now the 50 simple moving average again started moving down to form the death cross with the 200 SMA. And today we can see that 50 simple moving average is touching the two hundred simple moving to cross down for the completion of this death cross. And this bear cross can lead the pipeline again more down. Bullish Shark formation can again lead the BAT token to drop again: There is another very strong indication being appeared signaling towards bearish move. And that is the priceline is likely to complete a bullish Shark pattern. We can observe that the initial leg was started on 13th March 2020 and after the completion of first leg on 20th March 2020 price action is retraced between 0.382 to 0.618 Fibonacci level and this is the 1st confirmation of Shark. Then the priceline is projected between 1.13 to 1.618 Fibonacci projection of A to B leg and this is the second confirmation of bullish Shark. Now we can expect that the final leg will be formed as required for the bullish Shark pattern and the priceline is expected to be retraced between 0.886 upto 1.13 Fibonacci level. In this case we can expect the drop upto $0.0888 to $0.07. This area would be the potential reversal zone of this bullish Shark. And from this area we can expect a bullish divergence that can help to end up the bearish move that was caused by the Head and Shoulder formation and the death cross of 50 simple moving average with 200 SMA on daily chart. On long term we are still bullish: But if we see on the long term then this bearish move on daily chart will not affect the expected long-term bullish move of Basic attention token. If we see on weekly chart the basic attention token has formed a falling wedge pattern and it has already hit at the support of this wedge on the candlestick that was opened and closed on 9th March 2020. In case of the completion of bullish Shark pattern that is being formed on daily chart we can have another touch at the support of this wedge even we can expect is a spike beyond the support like we had on 9th March 2020. But it will be not possible for the price line to breakdown the support of this falling wedge because if we see the volume profile of the complete price action moving within this falling wedge then it can be clearly observed that the traders are not interested to trade below $.135 and the point of control level of volume profile is at $0.19. Therefore the price action can move up at anytime at least up to the POC level of this volume profile. And we cannot expect the breakdown of the support unless the trader’s interest would not be developed below the support of this pattern. A very big bullish Shark is still in play to produce bullish divergence soon: And if we switch to 2 week chart then a very big bullish Shark pattern is still in play that I have already shared with you in my previous posts. According to this Shark pattern we are already moving in the potential reversal zone of is Shark pattern that has been formed on this 2 week chart. But if the price action will move upt $ 0.0888 to $ 0.07 for the completion of the smaller bullish Shark that is being formed on the daily chart then we can have only a spike beyond the potential reversal zone of this big shark that has been formed on the 2 week chart, Like we already have seen on the candlestick that was opened and closed on 2nd March 2020. Conclusion: On short term and midterm the Basic attention token can face bearish move upto $0.0888 to $0.07. But on long term the BAT token will be still bullish unless the priceline will not break down the support of falling wedge that has been formed on weekly chart.
Long
by moon333
4
BATUSDT formed bullish butterfly | Upto 35% move exptectedPreviously I have posted chart where the price action of Basic attention token formed a bullish shark pattern. And at that time the price action was moving in the potential reversal zone of this harmonic pattern. And at that time I was expecting up to 90% profit but the price action took a powerful bullish divergence and produced more than 102% profit. Another Harmonic Move Now this time the price action of Basic attention token has formed another bullish harmonic pattern and this time it is bullish Butterfly. And this is another awesome opportunity to earn more profit. This time the profit probability is up to 35%. Let's dig this pattern deeper to see how perfectly this pattern is driven: The first leg was started from 16th to 18th Feb 2020 and after that the next A to B leg is retraced between 0.618 to 0.786 Fibonacci levels, then B to C leg is moved up to the Fibonacci projection level between 0.382 to 0. 886 Fibonacci and that is the Fibonacci projection of A to B leg. Then C to D leg is retraced between 1.27 up to 1.618 Fibonacci levels and now the formation of bullish butterfly is completed here. At this time the priceline is entered in the buying zone and we can place our buying orders in this area. Buying And Sell Targets: The buying and sell targets according to harmonic Butterfly pattern should be: Buy between: $0.2205 to $0.1994 Sell between: $0.2340 to $0.2707 Stop Loss: The potential reversal zone area which is up to $0.1994 can be used as stop loss in case of complete candle sticks closes below this level. This idea is for short and mid term traders not a long term idea, I will be keep posting more trading ideas.
Long
by moon333
BATUSDT found resistance |all indicators,patterns are bullishOn day chart the price action of Basic Attention Token (BAT) has found $0.1959 and resistance at $0.1487 this support of 0.1487 dollar was found 29 Aug 2019 when the price action took drop more than 29% upto $0.1326 but since then the priceline could not break down this support. Sofar this support has been found very firm therefore we can expect a breakout form here or more sideways move at this level for some more time. Indicators and Oscillators: Price action is hitting the upper band of Bollinger bands and the mouth of bollinger bands is expanding and moving up. Relative Strength Index (RSI) was oversold up till 18 Dec and now bullish. Moving average convergence divergence (MACD) is strong bullish. And if we see the Directional movement the +DI has crossed up -DI and ADX is above 29 level and giving strong bullish signals. On 12hr chart the Ichimoku cloud is turned bullish and lagging span of ichimoku cloud has crossed up the priceline and the price action has also crossed up the bearish cloud on the other hand the chop zone has also given strong bullish signals by turning bullish. Moving Averages: If we see the simple moving averages with time period of 25 50 100 and 200 the we have the same position as we had in Sep 2019 the order of moving averages was as: 25MA was below all then we had 50MA then 100MA and then 200 simple moving average was above all then on 3rd Nov 2019 a complete alligator mouth was opened which was formed with 25MA , 50MA and 100 simple moving average but 200MA was not able to be the part of this alligator mouth and the price action turned bullish and hit the $0.2784 which was the highest point since Sep 2019 to the date of writing. The moving averages are likely to make the same move and 25MA has crossed down the price action and pushed the candles sticks up now the price line has hit the 50MA and 50MA is likely to cross down the price action soon and this will also lead to the golden cross between 25MA and 50MA then a strong bullish divergence can push the price action more to cross up the 100SMA and then the price action will hit the 200SMA and if the price action will be able to cross up the 200 simple moving average then we can see a complete alligator opened mouth between all these simple moving averages and the price action can hit the second resistance level at $0.2695 and if this resistance level will be broken then a strong bull run can be observed. The Harmonic Move: In my previous predicted that Basic Attention Token has formed the Shark pattern and it will hit the projection area of 0.382 to 0.786 Fibonacci of C to D leg of this Shark pattern and below was the article: Now you can see sofar the price action has taken the bullish divergence form the potential reversal zone of this Shark pattern and entered in this projection zone as I predicted Alhamdulillah and sofar it has produced more than 25% gains this is a very positive signal but we need a breakout the 0.786 Fibonacci projection level in order to start a real bull run and as we have see above all signals from moving averages and indicators are turning bullish so it is really possible So guys be ready I hope this prediction will be full filled soon as my previous article however if you have any suggestion and ideas you can share in comments section with me. Thanks and Regards, Atif Akbar (moon333)
Long
by moon333
There is a trading opportunity to buy in BATUSDTechnical analysis: . BasicAttentionToken/US Dollar is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 51. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.174 to 0.146). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.174) Ending of entry zone (0.146) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Take Profits: TP1= @ 0.2200 TP2= @ 0.2700 TP3= @ 0.3145 TP4= @ 0.3640 TP5= @ 0.4530 TP6= @ 0.5300 TP7= @ 0.6660 TP8= @ 0.8010 TP9= @ 1.2385 TP10= Free
BLong
by ForecastCity
4
There is a trading opportunity to buy in BATUSDTechnical analysis: . BasicAttentionToken/US Dollar is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 51. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.174 to 0.146). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.174) Ending of entry zone (0.146) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Take Profits: TP1= @ 0.2200 TP2= @ 0.2700 TP3= @ 0.3145 TP4= @ 0.3640 TP5= @ 0.4530 TP6= @ 0.5300 TP7= @ 0.6660 TP8= @ 0.8010 TP9= @ 1.2385 TP10= Free
BLong
by ForecastCity
3