BATUSD trade ideas
Basic Attention Token (BAT) - September 3Hello?
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You need to make sure you can get support in the range 0.31273891-0.31815930.
If you get support above the 0.31273891 point, I think you're likely to move up along the uptrend line (4).
If it falls at the uptrend line (4), it is a short-term Stop Loss.
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I think it is necessary to carefully check the BTC price flow around September 4 (September 3-5) as seen in the XBTUSD chart.
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** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for generating profit as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)
Basic Attention Token, now more than attention. BATUSDThis is a week of my Crypto review, and now I am looking at BAT. Check out Brave by the way. No, no one payed me for anything. Anyway, Pivot confirmed, multiple fractals, positive moementum. This one is a SpaceX flight, or we are going up. As always, target in green, invalidation in red. Let's roll. Don't be stupid, this is not financial advice.
BAT/USD breakoutHello, Traders!
BAT has recently seen two formations. The first is a descending wedge, with the second being a descending triangle formation. From the descending wedge, BAT broke out positively. However, this led to the formation of the descending triangle as BAT had not finished its consolidation period.
There was a period of major losses followed by the current consolidation. The losses were preceded by an extraordinary move from $0.24USD towards $0.42USD. This resulted in BAT seeing almost a 100% increase in price, over the course of half a month. Before this BAT had seen nothing spectacular in comparison to the rest of the market, trading within a parallel channel before a sideways period, then the breakout.
Since the 2020 peak of BAT (which took place mid-August), BAT has fallen over 50%. BAT losing 0.73% a day, stretching over a 61 day period.
BAT is coming close towards a potential breakout. When evaluating the recent triangle, BAT has had its 5th EW in the triangle, meaning that a breakout is imminent. The direction of the breakout will affect whether BAT can regain its bullish status from earlier this year, or whether BAT would appear destined to return towards the lows of March.
Out of the two options, the cryptocurrency market alongside BAT appears to be leaning towards the bullish option, following the green arrow in a positive breakout.
In conclusion, the indicators are bearish. However, as BTC headed towards the end of its symmetrical triangle the indicators were highly inaccurate. Therefore the overall conclusion of the indicators is that they are inaccurate due to the low volatility as BAT reaches the end of its descending triangle.
Watch out for the price movements and consider the potential stop-losses.
bat/usdt go to longHi, I hope this analysis is useful for you.
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Stop: 0.2000
BAT bats it out of the ballpark. BATUSDLOL. But yeah, all jokes aside BAT is looking rather appealing right now. Huge fractals volatility wise have sprung up, of which there are many. Momentum undoubtedly positive. I have been watching this one for a bit now, and have put a position down over a week ago. Goals are in gold, invalidation in red. NFA.