BAT has been under accumulation for over 5 years now. When the ICO was held for BAT in 2017, Brave got 1/3 of the circulating supply to use for growth purposes such as the referral program. As of now, Brave has used nearly all of their ICO funds and the supply is now fully circulating. The browser now has tons of users and the search engine traffic is growing...
BATUSD looks like it's ready to capitulate together with other altcoins.
Support already failed (check on daily or lower timeframes). We expect a follow through in the next days and weeks.
There are multiple support levels (red lines) where you can take profit if you're shorting.
If we see 50 % capitulation, it may a great buying opportunity, however BAT is a...
Probably one of the most underrated coins on the market. If you aren't following it you need to follow my updates going forward. Crypto has taken a huge hit and I expect that if it doesn't turn around this week then we will have some better buying opportunities in the future. This trend line break poses a possible long opening up with some other levels to add on...
👉 The price has formed a potential head and shoulders reversal pattern after 3 months of consolidation.
👉 Fixing the price above 0.46 will make it possible to consider a potential buying trade idea with a take profit around 0.75.
👉 Cancellation of the trading scenario - fixing the price below 0.3466
BAT/USD is showing bullish bias. Roughly 25% gain to the 1.618% Fibonacci if Bitcoin doesn't drive the trajectory back down through the channel. Right now it's all hands on deck with clear predominance of demand in the volume.