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Batusdt

BAT can breakdown the support to complete the BAT patternA Recap: In my previous post we have see that the Basic Attention Token had found the resistance at: $0.1959 and support at : $0.1487 and this support was not broken since 29 Aug 2019 when the price action took drop more than 29% upto $0.1326 but failed to breakdown this support. And after finding this firm support the price action was moving sideways above this support level since Aug 2019 to Dec 2019 and in the meanwhile the price action was hitting the upper band of Bollinger bands and the mouth of bollinger bands was expanding and moving up and Relative Strength Index ( RSI ) was oversold up till 18 Dec and was turned bullish and Moving average convergence divergence ( MACD ) was turned strong bullish. The Directional movement the +DI has crossed up -DI and ADX is above 29 level and giving strong bullish signals. And upto 12hr chart the Ichimoku cloud was turned bullish and lagging span of ichimoku cloud had crossed up the priceline and the price action also crossed up the bearish cloud on the other hand the chop zone had also given strong bullish signals by turning bullish. On daily chart simple moving averages were also expected to form an open Alligator’s mouth and with all these bullish signals the price action also formed a bullish Shark pattern and entered in potential reversal zone. Based on all above indicators I predicted that the priceline of BAT token will now breakout the $0.1959 resistance and it will hit the next resistance at: $0.2695 Now What Next? : Retesting The Previous Resistance As Support: Now we can see that the price action not even broke out the $0.1959 resistance but also has broken out the $0.2695. From this level the Basic attention token was expected to retest the recent broken resistance as support and move up to next resistance level at $0.4067 as the BAT token did after breaking out the previous resistance level of $0.1959. But this time while retesting the recent broken resistance as support the candle sticks are likely to cross down this support or retesting is being failed. This candle stick is the make or break for Basic attention token because if this support will be broken down than the price action may move more down to retest the previous resistance level at $0.1959, in this situation the coin will loss 39% of its value from the recent high of $0.3221. But in case the sell will be stopped here and price line will not breakdown this support then we may see the price action to move to next resistance level at $0.4067 and after this resistance level will have only one and final resistance at $0.4493 and if this final resistance will be broken out then the Basic attention token can start a very powerful rally to make new high that will be highest price ever in the history of BAT token. A Formation Of Bullish Harmonic Pattern: If we see the short term 4 hour time period chart then the price action is forming a bullish BAT pattern and at this time the final leg C to D is being formed the dimensions of this pattern is as below: After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is almost projected between 0.382 to 0.886 of A to B leg's Fibonacci projection (here I have ignored extra spike coz all other legs are perfectly driven) now the final (C to D) leg should be retraced between 0.786 to 0.886 Fibonacci for a perfect bullish BAT pattern and then the price action will be entered in potential reversal zone of this bullish BAT pattern. As per above pattern we can see that the situation Is still in favor of bears unless the previous support of $0.1959 won’t be retested because the potential reversal zone goes very close to this support however the formation of this pattern is also a hope that the price action may not break down the previous support. Long Term Perspective: As on 26th Oct 2019 I posted an article where I revealed that the price action of Basic attention token has formed a big bullish BAT pattern on long term week chart and at that time the price action was in potential reversal zone of this big bullish BAT: Based on this pattern and some other bullish signals I predicted that the price action may hit the price level between: $0.28328 to $0.42727. Then from Dec 2019 to Feb 2020 the price action started a bull rally and gained more than 110% value. Here if we see the 0.786 Fibonacci projection of this pattern then it is at $0.42727 which is very close to its final resistance and at this time the priceline has already hit the 0.50 Fibonacci projection if the price action moves more up from here to breakout the 0.786 Fibonacci level then the Basic attention token will definitely breakout the final resistance as well to make all time high.
by moon333
Bassic Attention TokenNeeds to retest trendline ?! Ater that....🚀🚀🚀 Disclaimer: We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
by CryptoTrend-Alerts
3
BAT / USDT. Potentially Forming a Dragon Pattern. BAT/USDT may be forming a Dragon Formation , provided that the price breaks the downtrend line (red line) and fixes above it. If the price cannot overcome the downtrend line, then the downtrend will start with the target zone being the local low. The points of observation are showed on the graph. ENTRANCE 1) Entrance on a breakthrough or pullback after breaking a trend resistance line (red resistance line). 2) Entry from the previous price lows when confirming support, if in this situation the price can not overcome the downtrend line. TARGET 1) If the price overcomes the trend resistance line and fixes above it, then the Dragon Formation will be confirmed. The entire length of the "Dragon's tail" is the target zone of this figure. The potential is from +19% (hump level) to +128% (head level). 2) If the price does not overcome the downtrend line, then after the downtrend, the entrance is from support (around. 0.145-0.15) the first target being the downtrend line. Stop Loss Under key support levels during your entry into the market. I learnt this formation from "SpartaBTC" so if it works out, he deserves the credit.
by TravelingAndTrading
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
$BAT broke out of the falling wedgeDaily MACD just crossed over, almost reached significant support level. In the next few weeks $BAT might be heading to 0.2332$. On the chart BAT/BTC price is inside descending triangle just few days ago tested current support line and bounced out of it. And now might be heading to current resistance level 2880-2940 sats Even though there a plenty things impaling bullish continuation i encourage you to trade carefully and consider current market situation on alt makret. Do not forget about stop-losses. Trade carefully and good luck!
Long
by elefante