BAT exits the consolidation range of $0.28-0.32, opening the way to new price levels.
At the moment, the asset is lagging far behind the market, despite the fact that it is a fundamentally strong project token.
Entry can be considered in the range of $0.30-0.32.
Place SL under the lower border of the range at $0.28
We got a possible bullflag about to come to completion on the 1 hour chart. Levels are clearly marked on the fib and a breakout level entry is well marked. Keep an eye on BTC at this time. If you agree throw me a like and follow me for more unique concepts, ideas, and setups that keep you in the gains.
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Basic attention token is bullish again! The basic attention token to bitcoin chart is approaching the height of the right shoulder on the recent head and shoulders pattern. If it breaks this, the new target will be 0.00002832 BTC. (Note my previous charts with the downward target had slightly overestimated the height of the head above the neckline. I use the more...
So my previous chart on BAT got invalidated due to lack of bearish momentum. So, i made a new analysis on BATBTC.
- As we see here, BAT broke out of the channel and flipped it to support.
- We can expect the price to go up to the 1.272-1.618 fibonacci extension. That would be our first take profit region.
- If the price extends beyond that point we can look...
The MOST important figure is 2093 -- AKA THE STOP LOSS.
If you're NOT new to my publications then you've seen me press on this point OVER and OVER again, and I apologize for sounding like a broken record: but those who are new need to hear it!
It breaks my heart to see so many new excited crypto enthusiasts transition into new adopters only to get CRUSHED by...
Previously I have posted chart where the price action of Basic attention token formed a bullish shark pattern. And at that time the price action was moving in the potential reversal zone of this harmonic pattern. And at that time I was expecting up to 90% profit but the price action took a powerful bullish divergence and produced more than 102%...
BAT/USDT may be forming a Dragon Formation , provided that the price breaks the downtrend line (red line) and fixes above it.
If the price cannot overcome the downtrend line, then the downtrend will start with the target zone being the local low.
The points of observation are showed on the graph.
1) Entrance on a breakthrough or pullback after...
On day chart the price action of Basic Attention Token (BAT) has found $0.1959 and resistance at $0.1487 this support of 0.1487 dollar was found 29 Aug 2019 when the price action took drop more than 29% upto $0.1326 but since then the priceline could not break down this support.
Sofar this support has been found very firm therefore we can expect a breakout form...
BAT is on a deep downfall for 25 days already without any minor upward price reaction. It is holding the 100 Day MA as support currently and within the area of 0.618 Fib.
RSI is reaching an overbought condition. I expect a minor pump is due for a lower high to be set during this short term down-trend.
Looking for a retest of the 0 fib line, very strong regression downtrend (0.92), double top has formed. Will this lead to a new oscillation trend as previously seen in bull runs of BAT? Feedback and areas to improve appreciated.