With BAT currently on a 4 month downtrend since its spring highs, it appears to be forming a falling wedge formation. With a legit use case, a growing user base, this token isn't going to zero. In fact there seems to be tremendous pressure in trying to suppress the price to fill up on bags.
This is for education purposes and learning.
It seems the BAT is attempting to break through the major resistance trendline in the midst of a rising wedge. If BAT can't make it back over the major resistance I see more downside, possibly drifting back down to bounce off the support line from December.
I trade BAT for fun. This is not financial advice.
BAT shows promising potential as it has now pierced the the tip of the triangle. From here, a rally up to around 0.45 is expected. Once this target it hit, it is likely that a strong pullback towards around 0.37 will occur. Beyond this, BAT will explode higher up beyond 0.6.
Start - 0.32 (buy)
Target 1 - 0.45 (sell)
Target 2 - 0.37 (buy)
Target 3 - 0.6+
Approaching apex on this symmetrical triangle!
Im expecting a breakout upwards due to BTC bullish momentum. Also price is taking support at 100 MA, breakout in the upward direction with volume and RSI above 50 could send us to the .50 levels!
Fundamentals: The Brave team just released the ability to tip BAT to verified Twitter users. This alone may change the entire Twitter business model and bring attention to BAT.
Price Action: Watch for a breakout above $0.40. We saw an attempt this weekend for a breakout that was quickly sold down just shy of the resistance. Action above the resistance line...
With Bitcoin, Ethereum, and Litecoin all rallying the last few hours, BAT has been maintaining a strong consolidation trend. It looks like the first week of June will be the moment of truth for BAT/USDC. Since bulls have taken over the market we've seen a return of a raging bull market. A realistic outcome would be for BAT/USDC to have a violent move up...
took the entire buy from almost 20 days back and sold all 33,300 for just over 10k after buying at 9100 so not to bad but was aiming a little higher and quicker as my chart shows but I am doing this as an experience for everyone to see how my trades play out in real time, was a little late on this one its been a crazy busy bull blast couple of weeks! we are making...
As predicted, BAT has been consolidating against the USDC (Coinbase) for the last few days. The blue chip rally will likely continue into this week, but there is a sense that traders are likely taking profits on BTC and rotating into ALTs. BAT will likely be the beneficiary of the rotation as investors continue to buy up the coin with expectations of a return of...