In this video I explain what I was taught in terms of a Harmonic pattern "working". In this example I initially look at a BAT pattern and I walk you through what it means for it to "work" and later on I show the same for a GARTLEY pattern.
In essence when price turns at D, you can consider the pattern having worked once price passes A. You can take profit or...
Technical analysis:
BASIC ATTENTION TOKEN/DOLLAR is in a Range bound and Beginning of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 49.
Trading suggestion:
There is possibility of temporary retracement to suggested support zone (0.25 to 0.13), if so, traders can set orders based on Price Action and...
As the proud user of the Brave browser I was looking for a place where it made sense to get some BAT. Then I saw a virtually perfect bearish BAT pattern... holeee shit :D
In the video i plot the pattern, discuss the pattern and then move on to what seems to be the beginnings of a Butterfly pattern.... what that essentially means is should this pattern work,...
Basic Attention Token has formed a bullish signal; falling wedge. The price is getting squeezed and has the potential to breakout on the E wave.
The grey rectangle is a safe buy spot.
Not every day that we can start fresh with an instrument, with not so much data and history.
So let's look at BAT (Basic Attention Token) based on Ethereum blockchain from the chart point of view.
Well, first it looks like there is plenty of room to the downside but we reached the 61.8%-78.4% extension zone of red label degree and while I know that equal leg...
SUPER SENSITIVE TO CHANGES IN BTC
BULL MARKET ON HOURLY CHART AS PRICE STAYS ABOVE THE 1X1 ON BOTH THE LOW AND HIGH POINTS
UNTIL CRYPTOS DECOUPLE FROM BTC OR BTC RISES, GAINS WILL BE DIFFICULT
DANIEL BRUNO, CMT
Basic Attention Token has established an all-time high at $1, followed by a strong correction down to $0.23 support. This is the level where previously was acting as a resistance and then the support, and yet again history repeats itself. The support is also confirmed by the uptrend trendline, that has been rejected cleanly.
In addition, Fibonacci applied to the...
DANIEL BRUNO, CHARTERED MARKET TECHNICIAN
INTERESTING HOW THE GANN LINED OVERLAP FROM THE BAT/BTC CHART, I DIDNT EVEN HAVE TO DRAW THEM
NOTE THAT THE CHANGES IN RESISTANCE ALIGN WITH GANN LINES
BAT IS GOING TO BREAK OUT IN BTC AND USD
Bull flag target matches the $.82. Don't expect this to happen without the rest of the markets rallying, as well, but the BAT is set up in a way that would allow the potentially higher upside, it appears.
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.
