Basic Attention Token (BAT) also needs to make a decisionWarning: our thoughts are ours; not financial advice.
Yet another project we love and we keeping a very close eye on.
BAT hits the top of its ascending channel. A decision needs to be made soon to either break the channel to the upside or we see a pullback way down, a possible guess would be 30 cents.
Whatever happens, a pullback signals more opportunities to stack up some more. A continuation means we get to keep some profits. So, it's all win-win.
Batusdt
BAT/USDT Looking to Launch Its Rocket to the 0.3395 Mark 🚀🚀🚀💡 Trade Idea
📈 Buy Limit BAT/USDT @ 0.2892
🎯 Target Profit 0.3395
🛑 Stop Loss 0.2701
❌ Do not risk more than 1 % of your account on each trade
🙂 Good Luck !
Description:
The price was ranging within a bearish channel before succeeding to break it from the higher end. We have a confluence zone between a 61.8% Fibonacci retracement and the daily support which might lead to a move upwards to the 0.3395 mark.
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$BAT - Breakout BeautyYes lads, posted this setup 2 days ago now and it did exactly what we were after,
Really nice technical setup, partnered with good press allowed it to break to the upside nicely and return good profits on longs
Where next?
Of course I would like to see it try and claim the 0.786 but the sell pressure just beneath indicated by bearish engulfing suggests to me that its most likely suitable to close positions
Im looking for it to start trading between these higher levels than the lower ones which we broke out from - fundamentally it is strong so would be good to see this reflect in the price, instead of it just dumping back down to where it came from
Quick side note: BTC does look ropes which will harm altcoins, as there is a higher level of panic in the market, and this is most likely the reason we haven't got to $0.37 yet!
Basic Attention Token (BAT) Trading SetupBasic Attention Token, or BAT, is the token that powers a new blockchain-based digital advertising platform designed to fairly reward users for their attention, while providing advertisers with a better return on their ad spend.
This experience is delivered through the Brave Browser, where users can watch privacy-preserving adverts and receive BAT rewards for doing so. On the other hand, advertisers can deliver targeted ads to maximize engagement and cut down losses due to ad fraud and abuse.
What Makes Basic Attention Token Unique?
The primary use case for the Basic Attention Token is as a payment token for running advertising campaigns through Brave Ads. As of November 2020, advertisers must commit to a minimum ad spend of $2,500 per month to be able to launch their campaign, but a self-serve platform with potentially lower limits is currently in the pipeline.
Currently, this advertising budget must be paid entirely in Basic Attention Tokens, which advertisers can acquire from a variety of third-party exchange platforms. Out of this, Brave takes a small commission, and the rest is distributed to publishers and users.
Setup & Reasons:
BAT is a strong fundamental coin & blockchain project that will have it's moment at a point in 2021.
Trading setup with entries on explained on chart, we are currently outside of long downtrend channel waiting for upside momentum.
For details comment at any time!
Don't forget to follow and like if you find this helpful!
Bullish $BAT - targets 37 cents?If BTC can hold strong this will do very well!
Bullish break of the wedge, successful retests, and pushes on
In addition, $BAT the token for Brave Browser has had very good fundamental news in the recent week:
- Added fundamental support for IFPS = peer - to - peer file sharing and further security protocols
- Google also threatening to charge users and firms in Australia due to mishaps with the Australian Government. Could see a rise in the userbase of the Brave Browser...
It is eyeing that first 0.618 fib - $0.317 and then above to the 0.786 at $0.37
Seems very likely if BTC isn't shakey - which it is - so be steady. Watching 4HR close around the 200MA, always been a very strong player in cypto, should gives us stronger indication of the forth-coming waves.
BATUSDTI think we have two way to up, red line and green line, it will depend to break the red box as strong resistance,
if you liked this idea or have your opinion on it, write in the comments and like it, I will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast Thank you for seeing idea . Have a nice day and Good luck.
IT'S TIME TO GET A BAG OF BATSDear Traders,
As you can see in the RSI BAT is oversold in the weekly time frame.
Looking at the chart we can identify that price structure has also formed a falling wedge.
If we look at fibbonaccis we can see that BAT could have found support @ 1.618 fib level.
If we look at BAT in the |DAILY TIMEFRAME|, MACD already signals a bullish cross.
I expect alts to try something while bitcoin rests for a while.
Targets:
TP1: 0.00001569 Satoshis
TP2: 0.00002000 Satoshis
Stop-Loss:
SL: 0.00000575
I know that SL is a bit extreme but at this levels it's better not to sell until we break previous minimum prices.
I wish you the best of luck!
BATUSDTPERPBAT is great for scalpers in lower than 10x for now in long position but if an of the minor supports breaks this forecast is failed but it most probably as we checked is the scenario of BATUSDTPERP for scalpers which can get a fortune due to your R/R
the green line is the most probable resistance has to be touched/tested just careful about it nothing else can hold this bullish trend that much