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Basic Attention Token Perpetual Futures

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BATPERP trade ideas

BAT to reach $2.27-$2.41 on the 12 Hour?Hello everyone! Today what I have shown is BAT on the 12 hour time frame, pretty close to a symmetrical triangle. With the triangle in orange, we have had four touch points on the support, and now 3 on the resistance. I already have a buy order set for $1.18, and will have a stop loss set at $1.113, as this is where we had previous support. This places the SL below the triangle, which would help in the case of a break down. By copying the support of the triangle and pasting it at the high of the triangle formation, price could reach $2.27 if it were to break above the triangle. Otherwise, you can take the height of the triangle, and with an underestimated breakout of $1.25, price could go up to $2.41. This would provide me with over a 16:1 risk to reward ratio, with a maximum loss of 5.68%. By having a conservative sell at the $2.27 mark, that gives for a nice 92.37% gain. Otherwise, selling at the more risky area of $2.41 would yield a 104.24% gain. I am aiming to buy in at $1.18, because, even though that would be before a decisive breakout, it allows me to have a very good and comfortable stop loss and I would be in at a very good price if it were to break above. Obviously, the most conservative thing to do would be to wait for a candle close and confirmation outside of the triangle before placing any positions. I hope you enjoyed my little analysis and that it works! As always, have an awesome day and be sure to always do your own due diligence.
COINBASE:BATUSDLong
by Vanlife1
7
BAT Broke Above Symmetrical Triangle AND Temporary Trend ChannelHello Everyone! Tonight I want to share a coin I was eyeing up for a little bit. A couple of days ago, I saw that BAT was in a symmetrical triangle depicted in orange. Last night it was able to break above the triangle. With the height of the triangle and where BAT broke out, price should eventually get up to $1.65. Throughout this trade, we are looking for confirmation and signals of confluence that will keep providing us insight that BAT will have what it takes to finish this move. After breaking out of the triangle at $1.15, price was able to confirm support on R4 and eventually R5, giving us a secure entry point, with a secure place to put our stop loss. Some things I've been looking at are also the Stochastic RSI. Throughout the span of the triangle, we were having bearish divergence as shown with the dotted white line. Today, we were able to break above it, showing good signs of strength. Compounded with this, BAT was also beginning to form a trend channel in blue. Just recently, price action was able to break above this channel, and is now looking to confirm it for support. I'm thinking that it will likely hold the top of the blue channel as support, and the stochastic will stay horizontal before rising upward. Price action may then find some temporary resistance and then support at $1.40, but after that, there isn't much else stopping it from completing the move. I've got my TP in for $1.60, even though the height of the triangle should bring it to $1.65. Throughout the trade, we can bring up our stop loss to ensure profits, but it is up to personal digression. For now, I'm hoping that this trade can complete in a couple more days, while other coins that have broken above wedges, triangles, and pennants like SUPER, DOT, and MKR can still be trade-able. I hope you guys enjoyed this little analysis. If you did, be sure to give it a like and subscribe. The other coins I mentioned should be a possible hint of what I've got coming next :) (as long as they dont rise too much before I can get my hands on them). Have a great night, and as always, be sure to do your own due diligence.
COINBASE:BATUSDLong
by Vanlife1
BAT PERSONAL ANALYSIS IN THE LONG TERMChart shows common supports and resistances based on the Fibonacci and price action. The total evaluation for the BAT token is neutral-bullish. The token has a very stable audience interest upon established each higher lows, but the RSI is not even near oversold which means that there will be a slight overdue in its retracement to really test buyer interest. The bearish divergences found on each higher high are very normal as buyers struggle to keep the price above, as long as it stays above the red zone even being oversold at the Relative Strength Index, it will be a confident long term investment. The recommended strategy for this coin is to short it when it is near strong resistances especially during a bear trend/market and long it at respectable buy order levels once there is confirmation of a bull trend/market.
COINBASE:BATUSD
by Wamses
Another GREAT entry point on BAT for a move up to the $3 level!Basic Attention Token (BAT) Prior analysis We published our initial BULLISH analysis on BAT on Nov. 2nd when the price was sitting at $1.04 per coin. We made the call that BAT will be moving towards the $2 level before the end of the year and surely enough BAT hit its new all time high at $1.98 on November 28th less than a month later. Our followers managed to generate nearly 100% return on the trade and we received quite a lot of positive messages from them, thanking us for our insightful market analyses. Now, after the recent correction BAT is presenting another bullish price pattern, thus signaling that more gains could be expected ahead. Since our initial Take Profit levels have already been hit and the framework and narrative around the Basic Attention Token continues to improve we have raised our year-end targets for BAT as we are now targeting the $3-4 range. Fundamental Analysis From a fundamental standpoint, BAT is one of the most exciting small-cap blockchain projects out there with a remarkable long-term growth potential. This comes from the fact that while many cryptocurrencies promise big things, the Basic Attention Token is one of the few and far between blockchain based businesses that actually have the tools they need to solve a real-world problem that we are facing today. The Basic Attention Token aims to disrupt and substantially improve the filled with controversies $330 billion digital advertising industry, which many believe that is currently failing its users, publishers and advertisers. BAT has already made meaningful steps towards resolving the large number of endemic inefficiencies and privacy violations hobbling the digital ad industry as it aims to make crypto and DeFi accessible and useable for everyone. BAT has seen stunning results since its integration into the Brave browser’s first global private ad platform: 30 million monthly active users, 10 million daily active users, 1 million verified creators accepting BAT, millions of wallets created, thousands of ad campaigns with leading brands, and growing utility in the most innovative names in blockchain gaming. The results make BAT one of the most, if not the most, successful alt–coin projects to date. Furthermore, last month we received news that the largest crypto asset managing company, Grayscale Investments, has decided to double down on its bet on altcoins and has purchased additional 188,991 BAT; 8,823 LINK; and 5,121 FIL in the last 45 days. At the moment, Grayscale holds $39.634 billion worth of Bitcoin, $13.438 billion in Ether, $6 million in BAT, $9.4 million in LINK and $6.1 million worth of Filecoin. We believe that this is a great confirmation for the positive market sentiment among institutional investors, showing their confidence in the strong growth potential of the space. We see this as a huge catalyst for a major price appreciation moving forward, as it significantly strengthens the investment thesis for BAT. Technical Analysis From a technical standpoint, after the most recent price surge where the price almost doubled in a matter of just few trading sessions, rallying from the $1 level all the way up to $1.93, we are now presented with an attractive buying opportunity for BAT at around $1.59 per coin. The recent more than 18% correction came as a no surprise due to the expected heavy profit taking that took place after that near 100% rally. However, as you can see on the chart, the price structure looks very healthy as BAT is trading above all of its major moving averages 5, 20, 50 and 200 EMAs. In addition to that, we must point out that the corrective movement stopped right at the upward sloping trendline support on the 4H chart (blue line), which also coincided perfectly with the 38.2% Fibonacci Retracement on the daily chart. Both the RSI and Stochastic oscillators have also retraced from overbought conditions and are turning higher as we speak. We are also seeing another ascending triangle forming on the 4H chart, with a neckline at around $1.75. We expect the price to push through the resistance lying at $1.75 in the next 3-5 daily trading sessions. Once the break is confirmed, BAT will take off towards its next major level of around $2.50-2.75 per coin. Since BAT, is still a small-cap cryptocurrency with a total market cap of only $2.3 billion, our long-term forecast for BAT shows that it has the potential of reaching the $4-6 per coin range. From a risk-management standpoint, we will look to place our Stop Losses immediately below the 50-period EMA on the 4H chart at around $1.28 in case of a sudden price failure. However, in an event where we see BAT moving sharply lower, we will be looking to buy more of BAT at a discount as we firmly believe in the long-term growth prospects for the Basic Attention Token. Follow us on eToro for more detailed market analyses, profitable trading ideas and a consistent portfolio performance! Sincerely, Dow Experts Finance
COINBASE:BATUSDLong
by DowExperts
4
MY MINIMALIST CHART ANALYSIS FOR BASIC ATTENTION TOKEN$BAT 11.26.21 1912H +8 SINGAPORE ALERT: LOOKING FOR BEST TOP-UP ENTRY BEFORE the end of the SWING CYCLE. We are now looking at an ENTRY that we can TOP-UP for our Investment FIB 0.618 or LOWER. A little more till we finish this swing and move to the next swing cycle. VITAL SIGNS: RSI, STOCH are all looking good. We will just wait for the oversold. While the VOLUME shows SUPPLY building up for DEMAND (FUD). The Market has amazingly moved along the TOPS and BOTTOMS of our BOXES, signifying TURNING POINTS of PRICE ACTION. Volatility for this market is healthy. and we have gone a long way from the bottom of the SWING. Happy Trading! Disclaimer: The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice. INSTRUCTIONS: HOW TO USE THIS MINIMALIST CHART "FOLLOW THE WHITE RABBIT!" Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE where the MARKET will take you. Created on a MONTHLY, WEEKLY & DAILY Analysis of a MARKET'S CHARACTER. It is designed for SWING TRADES at the BOTTOM. I do not SHORT, though, you can still use it. TARGET ZONE IDENTIFICATION The LARGE BOXES (Tops and Bottoms) are MAJOR turning points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR turning points. These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS, as well as Support and resistance levels Also includes MAXIMUM TARGET EXIT AREA OF VALUE - CONSERVATIVE (If price action conditions are right at that given moment.) At times I include WAY BEYOND PARABOLIC Price TARGETS depending on The Character of the Market (CRYPTOS ONLY). DYOR for your Volume, Chart Patterns, Candlestick Math, FIB COILS ( ABC ), Price Action, FIB LEVELS, Market Dynamics, especially institutional and retailer trading psychology. Wishing you all The Best Trades and Thank you all for your Appreciation and Support of My Work. Much thanks to My 3 Mentors. They are so much of a Blessing that I also wish to Share. Vive Le Autist! Vive Le Egalitarianism!
COINBASE:BATUSDLong
by The_Crypto_Samurai