FUNDAMENTAL BRIEF: Basic Attention Token radically improves the efficiency of digital advertising by creating a new token that can be exchanged between publishers, advertisers, and users. It all happens on the Ethereum blockchain. The token can be used to obtain a variety of advertising and attention-based services on the Brave platform. The utility of the...
If you have been following me. You would know I am bullish on Basic Attention Token. We might get that big move we've been waiting for soon. I know I keep saying that, but this time I mean it. What are your thoughts? Trade with care.
Basic Attention Token has begun forming a bearish flag pattern which indicates an upcoming drop. However, this is not to say that a reversal cannot occur, in that case, we would break through the resistance to continue an uptrend. You should use the support and resistance lines in order to hedge your bets on where the price is heading next and whether the bearish...
As we can see from my last post the BAT chart has since peaked & declined at both my expected high/low points. I just wanted to update the chart as BAT is currently at a good buypoint & I'm expecting a good 25-30% in the coming week.
As we can see the Basic attention token is a rather volatile coin - fluctuating often over 20% through it's trading week. The BAT has been bleeding out for a while now & took a beating between the BCH/BTC civil war but despite this the 1970 resistance mark that held back the BAT recovery has now become it's support line. This last 20% rally we've seen in BAT...
Still cheap with lots of room to retrace, BAT next stop is .00005503 where the 2 recent high gann fan angles meet up (3-1 recent, 4-1 last). That they have a browser (BRAVE) as well with ex-Mozilla CEO Brendan Eich on board, is a fine augur of things to come in the blockchain and internet market, especially when discussing advertisements, the backbone of BAT and...
Looks like we're going back to trend. If you managed to sell at the peak of our breach, congratulations! Looks like we might get some FIB support during this correction and I'd recommend buying in along the bottom trend line to get some sweet, sweet ROI when Mercury comes through. A lot of the market has been blood red for the last few days but BAT is holding...
Looks like BAT might falter against these congested resistances. Get ready to buy back in at the congested supports and watch us sail above the previous, short term, high.
BAT looks good imo. A bigger correction is possible but not bad. Looking to 20k+
Follow the support and resistance lines accordingly when trading. We may see Bat have a slight decrease back to support before another upsurge.