BATUSDT trade ideas
BAT, Imminent Price Growth after weekly breakout!BAT recorded significant net buying / accumulation this past few days warranting a +40% surge on its recent low from 0.15 to the current range at 0.21.
On weekly data histogram, the coin registered higher lows -- where the gap between the last histogram "shift" and the last one was 6 months (last January 2023). This is a huge hint of a reversal. A weekly descending trendline has been broken conveying a turnaround season for the coin.
Pricewise, it is sitting at a 1.0 FIB level, this is beyond bargain / discount already. The range is currently hovering around a 3-year long standing strong support. Expect some significant price growth from here on.
Spotted at 0.20
TAYOR.
Safeguard capital always.
Short
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Range-bound Price with Impending BreakoutThe current price exhibits a consolidated trading pattern, confined within a narrow range, indicating an imminent breakout on the horizon. As we delve into the technical aspects, it becomes evident that the market's primary support rests at the $0.200 level. A breach below this crucial threshold would herald a distinctly bearish sentiment, triggering an atmosphere of pessimism and potentially paving the way for further downward movement.
Conversely, the formidable resistance level at $0.230 presents a significant barrier for the price to overcome. A successful breakthrough beyond this resistance would signify a notable bullish momentum, propelling the price towards the promising territory of the $0.260 range. It is prudent for market participants to exercise patience and vigilance, closely observing developments at the support zone and monitoring any potential breakthrough above the $0.230 level.
Adding to our analysis, the Relative Strength Index (RSI) currently registers at 47, indicating a moderate level of momentum in the market. With RSI serving as a valuable tool for assessing price strength and speed, this reading suggests a balanced market sentiment without significant overbought or oversold conditions prevailing.
Considering all these factors, it is crucial to adopt a comprehensive approach to decision-making, integrating the analysis of price action, support and resistance levels, as well as the RSI. By harmonizing these indicators, traders can gain a more holistic understanding of market dynamics, allowing for well-informed entry and exit strategies.
BATUSDT SHORTBATUSDT SHORT
My first idea in tradingview.
Random:
Users can optionally enable "Historical Polarity Changes" labels within the settings menu to see where breaker blocks might have provided an effective trade setup previously.
The "Historical Polarity Changes" setting is disabled by default & is most effective using replay mode as the labels are backpainted.
The order blocks & breaker blocks themselves can be used in real-time as they are detected based on the swing length & previous breaker blocks being mitigated.
BATUSDT - Parabolic Fractal +740%🦇Hi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
For the longer term , Basic Attention Token is another altcoin I am extremely bullish on - and it's currently trading in an ideal accumulation zone ! What I expect for BATUSDT is similar to a scenario that played out in November 2020 - April 2021. Notice that this occurs over a longer period, where the price of BAT went from $0.16c parabolic to $1.64 at its highest point. Therefore, the price must first fall lower towards the bottom of the support zone where there is a large demand zone . In other words, DOWN first, then UP.
Interested in Litecoin / LTCUSD ? Check out this idea, which is currently playing out 👀
Why LTCUSDT Can Increase Another +50% 📈
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CryptoCheck
BINANCE: BAT/USDT (a clean break out)Hi Bitchargians,
The Basic Attention Token (BAT) was created by the co-founder of Mozilla and Firefox, Brendan Eich, to improve the security, fairness, and efficiency of digital advertising through blockchain technology. It is the native token of the Brave web browser built on top of Ethereum (ETH). we already know this project is growing good but despite all the positive vibes around it chart looks amazing too.
Price successfully reclaimed MA20,50,100 and 200 in daily timeframe and successfully broke above local resistance at 0.26$. a successful retest of this area will be a good sign for next impulse wave.
🛒 Pair: BAT/USDT 🛒
== SPOT==
⏰ 1402/01/12 ⏰
🕰 01.04.2023 🕰
Duration:
📈 SHORT - MID 📈
Ex: Binance
#112
🛒 Buy : 0.26 - 0.27 🛒
👉Sell Targets👈
🎯TP1: 0.285 🥉
🎯TP2: *** 🥈
🎯TP3: *** 🥇
🎯TP4: *** 🚁
🎯TP5: *** ✈️
🎯TP6: *** 🚀
⛔️ SL: 0.224 ⛔️
BATUSDT is creating a pennantBATUSDT had a significant upward impulse from the $0.20 area and is now forming a pennant pattern. A pennant is a technical analysis pattern that occurs when the price of an asset is consolidating within a symmetrical triangle pattern after experiencing a significant price move.
The pennant is characterized by two converging trend lines that form a triangle shape, with the upper trend line representing the resistance level and the lower trend line representing the support level. This pattern often indicates a period of consolidation before the price moves in the direction of the previous trend.
If the price loses the support level of the pennant, according to Plancton's strategy, traders may consider setting a short order. This would be based on the assumption that the price may continue to move lower, potentially breaking through additional support levels.
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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 -> <= 1h structure.
Follow the Shrimp 🦐