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.
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BATUSDT trade ideas
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.
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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.
💡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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💡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
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Basic Attention Token Bullish Divergence To 120%The chart for Basic Attention Token vs Tether (BATUSDT) looks weak.
We have prices trading below EMA10, bearish.
A weak RSI and bearish MACD... But there is more.
We have a strong bullish divergence between BATUSDT, the MACD and RSI.
This divergence is strong and can signal that prices will grow.
Remember to build your own plan before trading.
Prices can drop just as they can go up.
Namaste.
BAT has grown by more than 30%Hello to all members of TradingView and my followers.
BAT has grown by more than 30% in the last 24 hours. The currency, which is on a downward trend, has reacted well after hitting significant support from the $ 0.25 to $ 0.28. A downtrend line has been drawn as a resistance on the currency chart, and if the market conditions do not fall, a continued upward trend can be expected due to the high volume of buying transactions. The BAT trend in the 1-hour timeframe is currently out of the downtrend, and if the support signs are seen at the level of 0.3130 to $ 0.3340, there is a possibility of further growth of the price up to the resistance level of $ 0.43.
If it is helpful to you, please like it. If you have a comment, I'll be happy to know. Respectfully.
BATUSDT ABC pattern making a desicionWe observe the completion of the triangle - wave B, cancellation pivot - 0.368, confirmation pivot 0.414. The target for wave C is 0.465-0.475. From there we will consider the possibility of opening short positions since our 3-wave pattern was correction in relation to the highest order of the waves
BAT LONG SUPER SOLIDBAT /usdt is at a multi year support.
it's a longer term play.
BUY below 0.375
Stop your losses only if WEEKLY candle breaks the white trendline.
Sell at targets,depending on your timeframe.
but if this support holds again,you should never see it a lower price
Great risk reward ratio here
BAT - selling timingBYBIT:BATUSDT
4H time frame
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BAT forms a double top on 4H time frame chart, it breaks out the neckline of the pattern now.
We can short it here, and trading strategy as below.
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Profit Targets:
a) 0.3376~0.3291-----Fib(1.272~1.382)
b) 0.3110-----Fib(1.618)
Stop losses:
a) 0.406
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