Basic Attention Token BAT BATUSD Weekly Analysis / Bullish
Hello Traders!
Looking at the weekly BATUSD chart, there is a downtrend and an uptrend. The downtrend channel started in 2019 (RED), and we might finally broke out of this downtrend, to continue in the uptrend channel (GREEN).
BAT has been growing consistently each week since the crash in March, and has a strong uptrend.
The weekly MACD did a bullish zero crossing, and the price is above 20MA, 50MA, and 200MA on the daily chart, a very bullish indicators.
I expect BAT to continue growing, but first we have to pass resistance at 0.30 USD, an important level to watch, and afterwards, might be a good entry point.
On the fundamentals, the growing base of users of Brave, the web browser that gives you BAT tokens to watch ads, continues growing.
I believe there are good chances for BAT to reach $1 USD in the long term.
Please let me know what do you think, and like if you found this useful information.
As always, this is not financial advice, always do your own research.
Have a good start of the week.
Looking at the weekly BATUSD chart, there is a downtrend and an uptrend. The downtrend channel started in 2019 (RED), and we might finally broke out of this downtrend, to continue in the uptrend channel (GREEN).
BAT has been growing consistently each week since the crash in March, and has a strong uptrend.
The weekly MACD did a bullish zero crossing, and the price is above 20MA, 50MA, and 200MA on the daily chart, a very bullish indicators.
I expect BAT to continue growing, but first we have to pass resistance at 0.30 USD, an important level to watch, and afterwards, might be a good entry point.
On the fundamentals, the growing base of users of Brave, the web browser that gives you BAT tokens to watch ads, continues growing.
I believe there are good chances for BAT to reach $1 USD in the long term.
Please let me know what do you think, and like if you found this useful information.
As always, this is not financial advice, always do your own research.
Have a good start of the week.
