BATPERP trade ideas
Great opportunity to buy BAT coins Even though the story of this crypto currency is short, the BAT or Basic Attention Token came to stay in the game. You might be asking yourself. What makes this currency so special? Well let me explain it to you.
According to professional reports:
Very recently, there has been news that basic attention token (BAT) has teamed up with TAP Network, Starbucks, Amazon, Apple, and another brand partner, wherein the users will be able to redeem their BAT tokens within the TAP ecosystem. Basic Attention Token (BAT) makes use of the Ethereum blockchain technology and a Brave browser platform, wherein they want the user to be paid for the advertisements they watch. There are mainly three kinds of people who benefit from BAT token: the advertisers (who complete the transactions in BAT in order to acquire the user attention and advertising room), the publishers or content creators (who receives user contributions and ad revenue in BAT) and the users (who are just rewarded for their attention).
The BAT has it's own platform, called Brave browser platform. This platform caused a big impact on the market after the introduction of the reward system that most likely brought a lot of hype to the currency.
At the time of this report, BAT sits on $0.17 per BAT. It is predicted to go up to $0.9139 in 5 years or even sooner since the project carried by it's developers it's very ambitious and they keep coming up with new events.
BATUSD still following my previous countMy previous count is still in the play, but with update now on the symmetry of the corrective move, expecting a bounce form .786 and then the wave C down, yes even now im still expecting much lower prices.
It always helps to take a birds eye view of this coin and look for simplicity in the larger moves. If you're aware of what it's doing in the large picture you wont panic. But correction is not over.
Just my analysis not a financial advice.
There is a possibility for the beginning of an uptrend in BATUSDTechnical analysis:
. BasicAttentionToken/US Dollar is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 33.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.17400 to 0.14600). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.17400)
Ending of entry zone (0.14600)
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
There is a possibility for the beginning of an uptrend in BATUSDTechnical analysis:
. BasicAttentionToken/US Dollar is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 33.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.17400 to 0.14600). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.17400)
Ending of entry zone (0.14600)
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
BAT heading upBAT may have just broken out of the downward trend, here a possible targets heading up
BAT.USD approaching crucial Supports, needs to Avoid the VoidBAT is at one of two supports before another substantial leg down.
Has been falling for a while and should be about ready for a bounce.
Bulls need to at least slow the bleeding before next support is reached.
$ 0.183-193 (green 1.236) is current support and often bounces strong.
$ 0.177-179 (Impulse Top) is where bulls launched this run, must hold.
$ 0.161-164 (Impulse Core) is bulls last stand, risking lower lows if broken.
BAT going to $0.28 then 1$?The Basic Attention Token is severely under valued, will the next breakout see $0.28 or possibly back up to $1
*Ethereum platform is scheduled for some explosive growth
Keep watching this closely
Basic Attention TokenI will see it in the short term.
-BATBTC-
It is located near the 0.00002459 point.
It fell from the short-term uptrend line.
If you hold on well, you'll expect a big rise as before.
-BATUSD-
It fell to mid / long-term investment territory.
We look forward to gaining support from the upward trend line.
Basic Attention TokenI will see it in the short term.
You should check if you can get support at 0.00002459.
You should also check if you are moving along a weak upward trend line.
It fell below the critical point of 0.19916000.
Check if you can rise again.
If it continues to fall, there is a possibility that you may touch the upward trend line and the 0.15494740 point.
Bassic Attention Token Historical ChartBATUSD Weekly Chart with Fibonacci Levels, and potential EWT Count.
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.
Basic Attention TokenI'll take a mid to long term perspective.
BATBTC chart was added.
BAT also forms a box section.
It is between 0.00003277 and 0.00005161.
The current position is supported by the 0.00002459 branch that separates the long-term investment area.
We think that we face new opportunity.
We don't know whether it will rise to 0.00003277 ~ 0.00004175, the lower section of the box section, or 0.00004175 ~ 0.00005161, the upper section, but we believe it is worth investing in the medium to long term.
It is supported by the 0.19916000 branch and should be checked to see if it will completely move out of the downtrend line by around December 30th.
As long as we are on the uptrend line, we believe that buying is best done between the uptrend line and 0.19916000.
The primary target point is 0.37662744.
Bullish cypher and up channel can lead the BAT to $2After the drop since Nov 2019 the bear leg is completed coz this is the point where the Cypher pattern is completed and now we are in the potential reversal zone of this pattern.
On 27 of Nov we had a very long bear spike which has hit the bottom of potential reversal zone but the power of Cypher did not let the priceline to breakdown this support.
At this point we have four different supports whom did not let the price action move more down and now they are pushing the price action up.
1. Simple moving average with time period of 50
2. Bollinger bands support where the price action has hit after Sep 2019
3. The Ichimoku cloud support
4. And the most powerful support above all is the potential reversal support of bullish Cypher pattern
The channel has been changed:
Since April 2019 the priceline of Basic Attention Token was moving within a down channel but after hitting the lowest price $0.14660 in Sep 2019 now the priceline has changed its channel and now it is forming an up channel and at the moment the price action is getting bounced from the support of this channel.
If we keep hold the token then this channel can lead the price action to $0.50 between 3 to 6 months, but crossing the 50 cents resistance can lead the price action to $2 before the end of 2020.
However for short term trade we can buy within PRZ area of this bullish cypher pattern and sell between 0.382 to 0.786 Fibonacci projection of C to D leg of this Cypher pattern as below:
Buy between: $0.21094 to $0.18625
Sell between: $0.23047 to $0.27724
Regards,
Atif Akbar (moon333)
BATUSD has completed bullish setup | The BAT may hit beyond $2Despite the Basic Attention Token has very strong fundamentals and real use cases on different platforms we will only see the pure technical analysis in this post.
1st breakout and setup of initial leg:
The price action was moving within a pennant since Mar 2018 and its last hit the support of pennant was On Feb 2019, this was the initial setup of X to A leg of BAT pattern and the price action broke out the pennant resistance on Mar 2019 exactly after a year of the date of entrance in the pennant .
Formation of bullish BAT pattern:
After hitting $0.50 the price correction period started and the priceline dropped down to retest the resistance of the pennant as support but the bulls took over again did not let the price action hit the pennant resistance again in the meanwhile the priceline formed a complete bullish BAT pattern as A to B leg was retrace upto 0.50 Fibonacci then B to C leg projected between 0.382 to 0.886 Fibonacci and then C to D leg retraced up to 0.886 Fibonacci, this movement of the price action was perfect as required for BAT pattern .
Now the price action was supposed to take bullish divergence from this potential reversal zone which it has almost taken and now it is moving up.
The indicators and oscillators:
Stochastic has given bull cross from oversold zone and strong bullish .
MACD is turned weak bearish form strong bearish and now turning strong bullish soon just wait for bull cross from the MACD its mean that MACD is clearly indicating that the real game is not started yet, it will begin after when the MACD will be turned strong bullish .
Volume oscillator is moving up and this time it is assigned to bulls.
Price action went very close to lower bands of Bollinger bands but did not hit at the support ever, but this time in Aug 2019 price action has hit lower bands 1st time ever in the life of Basic Attention Token and bounced form this support.
The moving averages:
In above figure you can see in Mar 2019 the exponential moving averages EMA 10 and EMA 20 both moving averages crossed down the priceline one after another and lifted the price action up and formed a golden cross which produced a powerful bullish divergence same as like that now again EMA 10 and EMA 20 crossing down the price action and expected to form a golden cross soon which will again produce a powerful bullish move.
On day chart in Mar and April 2019 the golden crosses between simple moving averages MA 25 , MA 50 , MA 100 and MA 200 completely formed, and alligator mouth was opened which produced massive bull move same as like that again these simple moving averages are opening an alligator mouth you can see in above figure.
The trade volume:
The volume profile of complete pattern is showing traders interest is very weak at potential reversal zone level and after consolidation the priceline is now moving up and priceline can easily hit the POC level of volume profile .
Volume indicator is also showing that trading volume is also very low during consolidation period.
After getting confirmed from all indicators, moving averages , oscillators and patterns if we place the Fibonacci sequence method to confirm the buying and sell targets then technically the price action should move between below price range:
Buying zone: $0.14712 to $0.23280
sell zone: $0.28328 to $0.42727
But the real bullish setup is just completed on Basic Attention Token with Bitcoin pair's chart which can take the priceline above $2:
On July 28th I shared the chart of Basic Attention Token / Bitcoin where the price action has completed a big bullish Cypher pattern on 2 month chart and entered in potential reversal zone.
If you see above chart then the game is not started yet, it has just formed its setup and ready to produce upto 287% profit.
On this chart the volume profile is showing very weak interest of traders at PRZ or potential reversal zone level and we have a very strong support at 0.00002125 sats which is not broken since Mar 2018.
So when on this chart the price action will start bull move then it can be very powerful bull run coz this is the pattern on 2 month chart, but going above the $2 price is subjected to the BTC price if the Bitcoin will move above the $20K then definitely the Basic Attention will move beyond 2 dollars.
Regards,
Atif Akbar (moon333)
BAT Parked on SupportBAT Is needing to stay here. This candle tells a story. Opened up @ .2210 , Bulls pushed as high as .2322 , Bears tried to break it down a took it as low as .1904 but could not keep it there. If this candle closes the day looking like this than its signaling a possible trend reversal.
BATUSDBAT is rising above 700MA on the daily chart and 100MA on the weekly chart.
If you can form a box segment from 0.28206292 to 0.30073596, you might be able to challenge 0.37662744.
However, it is expected to be difficult to form a box segment, and it will not be too late to trade if we can see if we can keep the price above the 0.24858192 point.
It would be better not to approach too hastily.
BAT believes that those who buy below the 0.24450884 point are more likely to start selling slowly if prices rise above 0.28206292.
