BATUSD formed shark pattern | Upto 33% profit potential tradePriceline of Basic Attention Token / US DOLLAR has formed a bullish shark and entered in potential reversal zone.
RSI is oversold and turning bullish.
Stochastic RSI has given bull cross.
As per Fibonacci sequence the targets are as below:
Buy between: 0.20762 to 0.1915
Sell between: 0.22310 to 0.25651
Regards,
Atif Akbar (moon333)
BATPERP trade ideas
Basic Attention Token (BATUSD) short.All description on the chart.
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Thank you.
BATUSD RISKY BET BUT NO REAL CRYPTO WINTER, SHORT & LONGIm not really trader so beware, Long term GOOD, SHORT RISKY. (Brave Brower get traction and adoption) See chart. Critic please.
Basic Attention Token Price Analysis BAT/USD: Small ImprovementBasic Attention Token / USD Short-term price analysis
Basic Attention Token has a bullish short-term trading bias, with the BAT / USD pair recovering back above its 200-period moving average on the four-hour time frame.
The four-hour time frame shows that the cryptocurrency is trapped within a rising price channel, with price now making bullish higher highs and lower lows.
Technical indicators on the four-hour time frame are bullish and continue to generate a buy signal.
Pattern Watch
Traders should note that rising price channels are typically considered to be bearish reversal patterns.
Relative Strength Index
The RSI Index on the four-hour time frame is bullish and continues to issue a solid buy signal.
MACD Indicator
The MACD indicator is bullish on the four-hour time frame, although it is currently issuing a weak buy signal.
Basic Attention Token / USD Medium-term price analysis
Basic Attention Token has a bearish medium-term bias, with the BAT / USD pair continuing to trade below trend defining its 200-day moving average.
The daily time frame is showing that the BAT / USD pair has now retraced back towards the neckline of a head and shoulders pattern, following a false bearish breakout.
Technical indicators on the daily time frame are mixed, with the mentioned time frame still showing substantial negative MACD price divergence.
BAT / USD Daily Chart by TradingView
Pattern Watch
Traders should note that the BAT / USD pair has yet to reach the full downside target of the bearish head and shoulders pattern on the daily time frame.
Relative Strength Index
The RSI Index is neutral on the daily time frame and is currently failing to provide a clear trading signal.
MACD Indicator
The MACD indicator on the daily time frame is bullish, although it continues to show the presence of substantial bearish MACD divergence.
Conclusion
Basic Attention Token has an improving short-term outlook, with the cryptocurrency remaining trapped within a rising price channel on the four-hour time frame.
Until we see buyers holding price above the BAT/USD pair’s 200-day moving average, we should expect the path of least resistance to remain to the downside.
Basic Attention Token Price Analysis BAT / USD: The Razor’s EdgeBasic Attention Token / USD Short-term price analysis
Basic Attention Token has a bearish short-term trading bias, with the BAT / USD pair trading under its 200-period moving average on the four-hour time frame.
The four-hour time frame shows that a bearish breakout is currently underway from a neutral triangle pattern. The breakout has yet to reach its overall downside target.
Technical indicators on the four-hour time frame are bullish and continue to generate a buy signal.
Pattern Watch
Traders should note that the 0.10000 level is overall full downside objective of the bearish triangle breakout.
Relative Strength Index
The RSI indicator on the four-hour time frame is also bullish and continues to issue a buy signal.
MACD Indicator
The MACD indicator has turned bullish on the four-hour time frame, with both the MACD signal line and histogram generating a buy signal.
Basic Attention Token / USD Medium-term price analysis
Basic Attention Token has a neutral medium-term bias, with the BAT / USD pair now testing back towards its 200-day moving average.
The daily time frame is showing that a bearish head and shoulders has been triggered, with the BAT / USD pair now testing back towards key neckline resistance.
Technical indicators on the daily time frame are turning lower and continue to issue sell signals. Bearish MACD price divergence is also present on the daily time frame.
BAT / USD Daily Chart by TradingView
Pattern Watch
Traders should note that the overall downside target of the bearish head and shoulders pattern would erode the presence of negative MACD price divergence on the daily time frame.
Relative Strength Index
The RSI indicator is bearish on the daily time frame, although it is currently correcting from oversold conditions.
MACD Indicator
The MACD indicator on the daily time frame is bearish and continues to show the presence of negative MACD price divergence.
Conclusion
Basic Attention Token is testing back towards the neckline of the bearish head and shoulders pattern on the daily time frame, as technical traders test the validity of the recent breakout.
Failure around current trading levels is likely to see sellers target the full downside projection of the head and shoulders pattern, which would also erode the presence of any negative MACD divergence on the daily time frame.
BATUSD at "a" support, maybe "the one"? Brave needs brave HodlBAT was an earlier flyer during the Alt Season.
Since then it has been consolidating until today.
Of course it crashed with the rest of the market.
But it has just hit a pretty good support zone.
Below is another perhaps stronger support zone.
Losing secondary support would be very bad news.
Chart Note:
Drag UP on the PRICE scale to reduce overlapping numbers.
.
See some of my other plots and trade calls below.
I also plot Forex and Stocks, take a look at my profile page .
Recent Achievements:
LINK re-entry (caught the spike)
LTC to $150 call (near perfect plot)
BTC bottom 3.1k (caught the EXACT bottom)
MATIC top Warning (caught the EXACT top)
NEO Rocket Launch (great entry, massive profits)
ETH breakout (instant Profits, no drawdown)
MATIC rocket (massive Profits, breakout entry)
ZRX breakout (massive Profits, short wait)
XLM breakout (massive Profits, instant Win)
ADA breakout (PERFECT targets, massive profits)
FET top warning (EXACTLY on time)
DASH top warning (EXACTLY on time)
Of course, I have had total FAILS on some ideas too, not going to pretend.
But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.
.
BAT vs USDToo many bearish indicators to take a position / increase your position, 0.25c and under would seem like a better opportunity.
BAT is finding strong support!Reversal may be in store for BAT if 0.618 and daily 200 MA is confirmed as support during the coming week
Wait for upside, breakin' the trendline.I already buy in this pair, waitin' for break.. waitin' an upside move. The horizontal line is from previous high.
BATUSD Ascending trendline to next parabolic move upBAT USD value holding steady at low 30c range without a bearish close even in the face of BTC ripping upwards. I think BTC shorts are getting exhausted and BTC will correct quite soon, lending to a nice jump vs BTC, fueling an alt rally. However, I expect the general trend of BTC to continue, holding a relatively high USD value and allowing alt values vs USD to jump quite nicely.
BAT is an alt and bows down to BTC but can sometimes be an outlier, and I think this will continue. BAT likes to follow patterns and I had set up these lines several weeks ago. It has finally come reached the decision point on my next trendline and I would expect the move soon. Top of trendline is the 50c resistance level. At that point all depends on king BTC but potential is there for the move up to the magical $1 mark if other market conditions are right.
Basic Attention Token Price Analysis BAT / USD: Looming BearsBasic Attention Token / USD Short-term price analysis
Basic Attention has a bearish short-term trading bias, with the BAT / USD pair trading under its 200-period moving average on the four-hour time frame.
The four-hour time frame is currently showing a valid head and shoulders pattern, with BAT / USD sellers attempting to break the neckline of the bearish pattern.
Technical indicators on the four-hour time frame are bearish and continue to generate a sell signal.
Pattern Watch
Traders should note that the BAT / USD pair will erode close to forty percent of its value if the bearish head and shoulders pattern reaches its full downside objective.
Relative Strength Index
The RSI indicator on the four-hour time frame is bearish and continues to highlight the growing short-term selling pressure.
MACD Indicator
The MACD indicator is bearish on the four-hour time frame and is currently generating a strong sell signal.
Basic Attention Token / USD Medium-term price analysis
Basic Attention has a bullish medium-term outlook, with the BAT / USD pair still holding price above major technical support on the daily time frame.
The daily time frame is showing that a triangle pattern has now taken shape, with BAT / USD sellers attempting to move price under the neutral pattern.
Technical indicators on the daily time frame are bearish and continue to issue a sell signal.
BAT / USD Daily Chart by TradingView
Pattern Watch
Traders should await multiple daily price closes above or below the triangle pattern for confirmation that a valid technical breakout has occurred.
Relative Strength Index
The RSI indicator has turned bearish on the daily time frame and continues to issue a sell signal.
MACD Indicator
The MACD indicator on the daily time frame is bearish and continues to show the presence of bearish MACD divergence.
Conclusion
Basic Attention is coming under downside pressure across both time frames, with a bearish head and shoulders pattern looming large over the BAT / USD pair on the four-hour time frame.
The presence of negative MACD divergence on the daily time frame may finally be reversed if sellers receive confirmation of a bearish breakout.
BATUSD critical Support was $0.3064 and Resistance at $0.3524Quick post to examine critical breakout zones.
.306x was major confluence of fibs, must hold.
.3524 is critical resistance for bears to defend.
Will post updated Idea upon break of either Line-in-Sand.
.
See some of my other plots and trade calls below.
I also plot Forex and Stocks, take a look at my profile page .
Currently in Play:
BTC retrace watch
BNB Re-Entry zones
MATIC Re-Entry zones
ONE Re-Entry played
LINK Re-Entry zones
Recent Achievements:
NEO Rocket Launch (great entry, massive profits)
BTC path to 10k (in Progress, perfect turns)
BTC bottom 3.1k (caught the EXACT bottom)
ETH breakout (instant Profits, no drawdown)
MATIC rocket (massive Profits, breakout entry)
ZRX breakout (massive Profits, short wait)
XLM breakout (massive Profits, instant Win)
ADA breakout (PERFECT targets, massive profits)
FET top warning (Top warning JUST in time)
DASH top (Top warning EXACTLY in time)
Of course, I have had total FAILS on some ideas too, not going to pretend.
But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.
.
descending wedge formation (possible upward movement)the price has formed a falling wedge of bullish purpose, which is supported by the volume since as it has formed the volume has contracted, in the MACD indicator we can see a bullish divergence of the MACD with respect to the price .
(el precio ha formado una cuña descendente de propósito alcista, la cual es apoyada por el volumen ya que a medida de que esta se ha formado el volumen se ha contraido, en el indicador del MACD podemos notar una divergencia alcista del MACD con respecto al precio.)
Is BAT breaking out?The price is trading around 2 fibb levels for some time now. Meanwhile the 100 MA and 26 EMA are coming near each other, so thats acting as time resistance.
Almost 2 months we've been inside this symmetrical triangle which is forming from an uptrend.
BTC will probably try to claim 9K and make it a supp, thats when I expect alts to do well.
We're above the 100 MA from feb and thats practically the 2nd time, BAT is performing quite well on coinbase in terms of Volume .
Thats why Im expecting the price to break out of this triangle and to test the blue trend line .
