Basic Attention Token (BAT) - May 9Hello?
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Bitcoin Halving has about 4 days left.
It is expected that this week will be flown to decorate the finale of Bitcoin Halving.
There is not much left this week.
You have to watch what will happen over the weekend.
It broke above both the long-term uptrend line (2) and the uptrend line (1).
I think this shows that there is considerable power inherent.
I think it is possible to check whether it is supported by the upward trend line (1) whether it is a temporary rise or not due to circulation pumping.
You should also make sure you can get support above 0.22723991.
The long-term downtrend line (3) is passing within the 0.24450884 to 0.28206292 range.
We also need to check if we can rise above this downward trend line (3).
This is definitely a strength, as it rose above the point where the sharp drop on March 12 was.
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Rather than deciding to which point it will rise, I hope now that I can decide where to keep the profits and losses, and close the upward trend with good results.
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See support, resistance, and abbreviation points.
Support or resistance is based on the closing price on the 1D chart.
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 that can be purchased for profit generation as a support point or section
Batusdt
Basic Attention Token (BAT) Might Explode Like A BombProject Description: Basic Attention Token radically improves the efficiency of digital advertising by creating a new token that can be exchanged between publishers, advertisers, and users. It all happens on the Ethereum blockchain.
The token can be used to obtain a variety of advertising and attention-based services on the BAT platform. The utility of the token is based on user attention, which simply means a person’s focused mental engagement.
We see that the bat price is stuck in a long-term symmetrical triangle. I guess that wherever this long-term symmetrical triangle moves, it can move hard in that direction.
Red areas are trend areas. Green areas are the potential accumulation zone.
Let's see what the bat project will do in the future.
Yours ..
Basic Attention Token (BAT) - April 20Hello?
Dear Traders, Nice to meet you.
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Must be supported at 0.15494740.
Around May 3, we need to make sure that the uptrend line (1), the uptrend line (2), and the 0.19916000 points may be supported above the 0.19916000 point after the crossing.
Before that, we need to see if we can rise above the uptrend line (1).
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It's time to focus on selling rather than buying to preserve profits.
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Description of abbreviations shown in chart
R: Resistance point or section, where a counter 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 Is In a Downwards Channel, But Might Soon PumpBat is going down again here in this channel after seeing a significant upwards spike of 100%+.
Surprisingly, the coin didn't suffer much during the Corona crisis. However, you could argue it's already priced in as we're looking at the BTC pair here and not the USD pair.
I expect the price will continue to go downwards for a while until we reach a very important point: the confluence of the channel and the support zone.
I think this area could be a great buy opportunity as we've seen BAT does have the potential to spike when it's making lower lows. I will put it as a short for now with the expectation it will follow this channel, but I am bullish long term.
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Disclaimer!
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Basic Attention Token (BAT) - April 15Hello?
Dear Traders, Nice to meet you.
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It must be supported by the uptrend line (1).
In addition, it must be supported at the important point, 0.15494740.
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It's time to focus on selling rather than buying to preserve profits.
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Description of abbreviations shown in chart
R: Resistance point or section, where a counter 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
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"Like" is a great power for me.
We will try to reciprocate with better information.
Thank you for always supporting.
BAT Reached Support Zone with Confluence on Volume ProfileHey all, here’s another entry on my tradingview series called 'Quick Updates'.
We can witness this nice confluence on the support zone by price, but also by volume profile. This is clearly a very important area for BAT. That's why this could be a very interesting LONG position using a standard support and resistance trade setup.
--- What is The Quick Update Series All About? ---
I have started a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will contain a brief explanation with clear and clean charts in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.
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Basic Attention Token (BAT) - April 5Triangular convergence is reaching its peak.
You need to see if you can climb above the 0.15494740 point to get support.
Must be supported at 0.11939172.
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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.
Bearish Signal Based Off Descending Triangle for BAT BTCHi all,
The Trading Guru is back here with a bearish scenario on BAT. After the big pump 4 days ago, we have seen several attempts of bringing the price down. Each attempt resulted in a bounce off around the 0.00002180 zone. However, every subsequent bounce has been slightly weaker. This is a very bearish signal, and is called a descending triangle.
I expect the price to break through the support soon, as we can see the bears are clearly winning from the bulls at this point. Only once the price goes back to normal ranges as defined by the horizontal support, it will become more unpredictable about what will happen with the price. At this point we should leave the trade.
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BAT/BTC TA Update (must hold key support)BAT/BTC
BAT just barely closing below important support at 2200 sats level and currently holding it for 7 days already.
BAT is approaching immediate trend-line resistance which is located between 2300-2400 sats.
If the bulls can break this key trend-line, we may conclude that new support is built and we can expect a short-term rally up to 2700-3000.
If you are a conservative trader, waiting for the breakout confirmation is a must to add an extra layer of security.
BATUSDT Retesting inside the descending traingle( 1500 cents)Hi, BTC bounced from the april 1st fools date (below 4k) to 5kusd. Im thinking the alts will somewhat bounce based on their charts and one of them is BATUSDT. We might retest the lower side of the descending triangle that will shoot around 15cents(red bar).
Bullish Basic Attention Token ?I like $0,17 .
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Basic Attention Token Daily Setup BATUSDTDaily Chart with Fibonacci retracements on BATUSDT
As you can see we are sitting right at the .236 fib retracement level, which indicates we could see a bounce.
I like BAT as it has a working product, aka Brave Browser + BAT
Looking for a retrace up especially if BTC bounce up from these lower 8700 levels. Lets see what happens GLTA
(BAT) prices as of 2/28/20
$0.219139 USD (-2.82%)
0.00002508 BTC (-1.35%)
0.00095237 ETH (-2.14%)
Market Cap
$313,478,407 USD
35,883 BTC
1,362,359 ETH
Volume (24h)
$65,589,593 USD
7,508 BTC
285,049 ETH
Circulating Supply
1,430,500,738 BAT
Total Supply
1,500,000,000 BAT
#BAT is near a major resistance level, good bounce is expected#BAT is looking good and it seems that March will be a profitable month for holders.
The coin almost reach its major support which has been holding the price from falling since 2018 year. Expect to see a nice-bounce in mid-term.
My previous idea on #BAT:
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