BATUSDT trade ideas
BAT/USDT - Potential Short ScenarioHello Traders!
BAT moves within the descending trend, gradually completing the previous market cycle.
The price is near the resistance level of $0.43, which will serve as a trigger for the continuation of the local counter-trend movement.
We can assume that if the local trend breaks, the downward pricing on the asset will continue. We should expect the culmination of the sales in the price range of $0.18 - $0.274 after the price leaves under the support level of $0.274.
It is possible to look for medium-term purchases of the asset near the support level of $0.18 in the price range of $0.18 - $0.22.
The targets of such purchases will be the price levels of $0.43 and $0.59
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
BAT - time to trim the sheep🐑Reasons to take short:
⭐️ BTC bearish
⭐️ Formation is 24 days old
⭐️ In the end of formation
⭐️ Trendline is clean
⭐️ Price is squeezing to the trendline
⭐️ Had false breakout
⭐️ 5th touch
⭐️ 55 ATR
⭐️ Under VWAP
Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself
#BAT, If gains momentum (Volume) #BAT
Trying to break above the range where it has been trapped since April
While the UCTS indicator is bullish on multiple timeframes, a potential R/S flip is about to occur.
If gains momentum (Volume), I would anticipate a continuation in the direction of .54$
$BAT
BATUSDT SHARK IN PLAYBATUSDT SHARK IN PLAY
Shark
The Shark pattern is a distinct 5-point reversal structure that was discovered by Scott Carney in 2011. It is similar to the Bat Pattern, except for the C point exceeding the BC leg. It can point to a strong counter-trend move. The potential Reversal Zone (PRZ) is defined by the following harmonic levels: the 0.886 retracement of initial leg and the 1.13 reciprocal ratio of the initial leg. Targets can be various retracements of the CD leg, all the way up to C itself. There are different methods of determining where the stop would go. Some put it beyond the next structure level after the D point, others choose the 1.41 extension of XA.
Conservative traders look for additional confirmation before entering a trade based on an indicator value, a specific candlestick pointing at a reversal or confluence with other methods. The Shark pattern can be either bullish or bearish. It is as effective as other harmonic patterns and a common variation on trading this pattern is to trade the last leg to completion. TradingView has a smart drawing tool that allows users to visually identify this price pattern on a chart.
BATUSDT got a Monthly rejectionthe price got a rejection from the monthly level at 0.43$ as I told you in my previous idea. now the price is testing the previous resistance as new support on 0.4$
How to approach it?
if the price is going to lose the support and retest as new resistance, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
BAT - My thoughts!Hey Guys, daily downtrend from BAT is already broken! I think we will see a nice leg up, if we get above the resistance. BTC will give it hopefully a chance :)
DYOR | NO FINANCIAL ADVICE | HAPPY TRADING
📊 BAT moved 10% up. Will this resistance reject us again?
Hello, dear TradingView members.
This idea is a BAT analysis.
BAT made a 10% ascending move today, and now it's facing the resistance level for the 4th. Time.
This resistance level is again rejecting the price, but it's not as powerful as the previous times.
Scenario One:
The price will pass the resistance level and, after confirmation, reach the potential target as shown in the chart.
Scenario Two:
The price will be rejected by the horizontal resistance level and fall on the support zone.
The Speedometer indicator shows Buy volumes on the market for BAT on a 1D interval.
Now have in mind: ANY news about this coin can cause a big pump or dump at this moment!
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.
Basic Attention BATUSDT - ABC completed! + Falling wedge!- On the daily chart, we can spot a falling wedge and the price is currently above the wedge.
- Due to my Elliott Wave analysis, the ABC correction should be completed and we are ready for a new bull market!
- You can buy a breakout above the black tripple top resistance line.
- If we look at the volume indicator - we can see a huge bullish volume spike, which is definitely a great sign.
- Profit target: 0.618 FIB + Previous triangle POC.
- Look at my ideas about another interesting altcoins in the related section down below ↓
- For more content, please hit "Like" & "Follow"!
BAT - Short Term TradeBAT is making higher highs ad price is above all EMAs on 4hr Time Frame, it looks bullish and perfect trade opportunity to take long. Note: Keep a tight stop loss of 3.7% and target profit is 40%, so risk to reward ratio is good.
BATUSDT GARTLEY FORMATIONGartley
The Gartley Pattern is one of the most traded harmonic patterns and can be applied to many markets and timeframes. It is a 5-point retracement structure that was originally outlined by H.M. Gartley and detailed further by Scott Carney. It has specific Fibonacci measurements for each point within its structure and it is important to note that D is not a point, but rather a zone in which price is likely to reverse, called the Potential Reversal Zone (PRZ). The B point retracement of the primary XA leg lies at 0.618 and the PRZ consists of 3 converging harmonic levels: 1) 0.786 retracement of the primary XA leg, 2) AB=CD pattern and 3) the BC projection is either 1.27 or 1.618.
The first target would be the 382 retracement of AD and the second target the 618 retracement of AD. A common stop level would be behind the X-point. Conservative traders may look for additional confirmation. Gartley Patterns can be bearish and bullish. TradingView has a smart XABCD Pattern drawing tool that allows users to visually identify 5-point reversal structures on a chart.
(BATUSDT) Update 📈📉HEY, what's going on ?!
Since Apr 09, 2021, when I posted the last analysis for Basic Attention Token, after hitting my first Tp ,then as other altcoins it has been declining so far . (more than 250%💰 (1x)long).
So now as you can see on the weekly timeframe for batusdt , after retesting the support zone ,rebounded and is aiming to fill the 'VG(volume gap) zone , so the as you can see it can reach the higher red resistance zones or the white VWAP line , then it'll more likely fall again , because at this current situation(bear market ) , I consider any rise as a pullback to higher key zones. anyway if it loses the support zone so then it can even see lower support levels.
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
BAT couple of long options.Here's a couple of long options for BAT. There's a nice falling channel / bull flag kind of formation, that looks like it wants to breakout on the lower time frames.
There's like a messy inverse head and shoulders here; now looking for it to have another go at that neckline. I personally might set an alarm/alert for the break of that neckline and it might surprise me down the line.
Short term stability in BATThe current market of BAT seem to be very profitable of time frames of 15 minutes or less using a momentum in the current timeframe with a RSI on the 4 hour for trend direction. Both momentum and RSI are set to 200 periods to identify and catch potential strong upwards movement is the market.
Overall, the market looks very good with proper dollar cost averaging (DCA) using a simple take profit. I'm using 1% in this chart to keep exposure to a minimum while increasing the probability of a relatively quick exit. Even with the rather deep bearish trend we have had, this approach still does quite well with minimum risks.
One of the nicest features of this approach is that accumulation is limited, but very opportunistic. This approach should perform very well as it avoids downtrends fairly consistently, but still very responsive to DCA opportunities.
BATUSDT LongBAT has long confirmation . After consolidation price goes back to uptrend, Next target $0.546
BAT readyat the same time we approached a strong level and the upper border of the figure, we look at the price reaction, fixing above the level - there will be an excellent entry if you are not in the asset
💡Don't miss the great buy opportunity in BATUSD @AttentionTokenTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.3475).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BATUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 68.
Take Profits:
TP1= @ 0.4117
TP2= @ 0.4483
TP3= @ 0.4983
TP4= @ 0.5567
TP5= @ 0.6016
SL= Break below S2
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