Long term trend here shows a classic wedge pattern (as we have seen with BTC). Currently, BAT is testing long term resistance and it is unlikely to break out of it without some additional stimulus. For example, if BTC breaks out of its long term wedge this will likely spark a huge rally of alt coins. Additionally, Brave may announce a new feature of their browser...
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BATUSD 6D: BEST level BUY/HOLD for 100%+ gains (SL/TP)(NEW)...
Right now a crypto that is on the alternative coins list that interests me is the twenty seven cent Basic Attention Token. ADR is kind of flat, and even given the bull run retracement it had, I still think it has some ways to go in terms of a positive correlation continuation pattern. Right now I would say this is mid risk. Please keep in mind, this is on an...
BAT has recently incurred some steep buys w/ no follow through. Product is good, and more used now than ever.
w/ Elliot Wave Extension tool we can see that the 1:1 ratio does not exceed to lower lows. I believe we can now look at this as a 2nd wave and expect and Fib Extension to higher highs. time will tell.
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We need to make sure we can continue to receive support from the uptrend line (4).
If it goes down, you should get support on the uptrend line...