BATUSDT trade ideas
Long BAT but be mindful of risksBAT or Basic Attention Token has lost about 35% since last week’s high. Most of its upward price action since the beginning of the year came in just a handful of green double-digit days. So it looks like there aren’t any strong levels of support.
To check if the bottom is in already, we’ve posted the following question to Hybrid Intelligence:
“The cryptocurrency Basic Attention Token (BAT/USDT) settled at 1.0238 USDT at 10:05 AM UTC at the binance exchange on Friday, April 23. In your opinion, will BAT/USDT trade above 1.1774 USDT (+15.0%) at any time before April 30?”
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Assurance: 67%
That’s a mildly bullish sign. Typically, an indicator above 70% would be considered strong and this one is just below this threshold.
The price target was selected based on the recent volatility. You might want to adjust it based on your goals. Still, this looks like an attractive entry point.
BATUSDT Hello to you all. Mars Signals team wishes you high profits at all times.
The price is supported in the area we have specified for you. If the price breaks the upward triangle, the price may increase. If the support line is lost, there is a possibility of further fall.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
BATUSDT is testing the lower trendline 🦐The price is creating an ascending channel and the price tested the lower trendline on 0.382 Fibonacci level. IF the price will hold the channel we could see another breakout, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
BAT-USDT(Consolidation Breakout)Basic Attention Token, or BAT token powers a blockchain-based Brave Browser. Users can watch privacy-preserving adverts and receive BAT rewards in return. On the other hand, advertisers can deliver targeted ads to cut down losses due to ad fraud and abuse.
On the Daily Time Frame, BAT has been trading in a range for the past 7 days and a similar pattern can be witnessed in the second week of March, breakout from the range pumped the price by ~70%.
Key Points to watch out for-
The support to the lower side is present at ~$1.35 while it seems determined to travel to the level of ~$2 .