$BAT, Pushing above ~3k sats target...$BAT
Rejection after reaching ~3k sats target was not that strong & now volume seems to be flowing in again, crossing above EMA200 & Resistance level
If it manages to flip it into support (check lower TFs), then a new position to ~3.6k sats could be a good play..
#BAT
BATBTC trade ideas
BAT news effect ?BAT jumped after Binance news. "Binance Adds Margin Trading for BAT". BAT price action above EMA 21,50,100,200 Uptrend. Hold above green support trend line. Potential long target: 3150 sats 1.618 fibs level.
Price action inside uptrend channel between green support trend line and red resistance trend line.
Volume: confirm bullish price action.
Indicators: MACD bullish crossover above zero line. RSI above 50 points.
Pattern: Uptrend channel.
S/R: Support at 2490, Major Support 2350 EMA200, Resistance 2915, Major Resistance 3150.
Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the information shared here is for learning and entertainment purposes only.
BAT gaining widespread market adoption Basic Attention Token (BAT) has an innovative business model which protects the privacy of the users of its Brave browser by giving the option to the users to take part in its data collection program and at the same time rewards the publishers & advertisers fairly. With the rise in data privacy issues from the tech giants, more users are adopting the Brave browser to protect their data and privacy. The same goes for the publishers. The number of BAT users have been growing rapidly in the past few months.
BAT is one of the few projects which has great fundamentals. Moreover the advertising and data business is a multi-billion dollar industry. Even if BAT can take 5% of this, the revenues will be enormous and drive the price of the BAT token further.
More information can be found here
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Price action shows a reversal and turning bullish. 9 & 21 EMA have crossed the 100 EMA which in the past have always resulted in bull rallies similar to many other altcoins.
RSI has had higher lows and is moving to bullish territory. The Weekly MACD has also become positive.
Note: This is not financial advise. Please do your own research.
BATBTC - 1D Entering Resistance with mixed signalsBINANCE:BATBTC has been moving great over the last few weeks, although progress will be hard to come by soon I think.
Resistance is visible in the red box. Two times the areas circled in red in the red box held as support, but the price is now approaching from below meaning they could prove as points of resistance.
The 50 day SMA is forecasted to cross above the 100 day SMA in the coming days as shown by the forecasting in my Triple Many Moving Averages indicator.
My Smoothed RSI indicator is showing an extended period of time spent with an elevated RSI. This is usually a bearish sign.
MACD still trending upwards, bullish.
Stochastic RSI is at overbought levels and appears to be peaking at lower levels while the price is climbing. Also, this is a very high Stochastic RSI compared to its levels where the red box price area once acted as support, as pointed out by the red circles on the indicator.
This might be a good opportunity for me to take partial profits and buy the dip. I am targeting 3000 satoshis for this current move, but I think I would be interested in buying the dip.
I remain Neutral because I expect there to be more time to accumulate.
DISCLAIMER: For educational and entertainment purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment including all types of crypto. DYOR, TYOB.
$BAT - Trend in flow - 2 possible long targets set Basic Attention Token looking good. The platform is growing daily for BTC and will continue to do so, Big future ideas in the eyes of advertisers and publishers for a better internet. This token will be the heart of it and you can get it for free.
Trend is looking strong and has a lot of backers.
BAT/BTC - SWING TRADEHi, today we are going to talk about BAT/BTC
We observe a D1 , some important points. The details are highlighted above.
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Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should use it as financial advice
BAT bullish Continuation ?BAT bullish price action above support green trend line and EMA 21,50,100,200 periods. Next resistance level at 2950. Potential correction to 2400 sats level.
Volume Confirm bullish price action.
Indicators: Bullish crossover above zero line. RSI above 75 points. Bullish sing. Overbought level.
S/R Support green trend line at 2340, Major support 0.5 fibs level 2060. Major Resistance 3150, Resistance trend line 2950 sats.
Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the information shared here is for learning and entertainment purposes only.
BAT/BTC broke free of the falling wedge and bulls are taking oveBAT/BTC broke free of the falling wedge and bulls are taking over. First target is the 200MA on the daily and the previous resistance level just short of 3K sats. New bullish wedge is forming. BAT is always a strong first mover with a good FA.
Expecting a small correction towards previous high at 2630 sats today before the further move