Today we're looking at one of my favourite tokens and one I've used for a long time (yes a crypto with a working use case!).
The Basic Attention Token (BAT)
Weekly Analysis
We are in a long term downtrend still, however since the crash in March, BAT has started this upward channel which is great news. As more and more users of the Brave Browser are starting...
Diamond formation - bullish pattern.
Mind the potential trap though so set a healthy stop loss.
I expect to see a continuation of the bulls quite soon. (as indicated).
Technical analysis:
. BasicAttentionToken/US Dollar is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.174 to 0.146). if so, traders can set orders based on...
Technical analysis:
. BasicAttentionToken/US Dollar is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 33.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.17400 to 0.14600). if so, traders can set orders...
MACD, RSI, Stochastic RSI and Squeeze Momentum all suggest that Basic Attention Token has upwards momentum and is about to move higher.
The brave browser is gaining users by the day while the BAT token is seeing increased adoption across a variety of platforms at an alarming rate.
I believe in the product behind Brave and the solution it provides for...
Trade Idea
Trading within a Bullish Channel formation.
The sequence for trading is higher highs and lows.
Bespoke support is located at 0.2240.
Preferred trade is to buy on dips.
Further upside is expected although we prefer to buy into dips close to the 0.2240 level.
Expect trading to remain mixed and volatile.
Buy at 0.2240
Stop: 0.20925
Target 1:...
Technical analysis:
. BasicAttentionToken/Ethereum is in a down trend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 42.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.000963 to 0.000859). if so, traders can set orders...
BINANCE:BATBTC is currently hovering above critical trendline support, while forming a falling wedge pattern and a clear bullish divergence on the RSI. All this stuff makes me think that a bounce is very likely.
possible 5th underway.
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BTC: 1LCayhGfdzsNP9M5227LyE28FKed4thEsB
LTC: LaPLQ6JoiqrxYED9FBNVphyApAhpW4Yw3R
ETH: 0x1Ec59747Ff307FaA71de070A3914e9afFbac7424
WEEKLY:
BAT/USD looks like it may have broken out of a falling wedge.
I'm looking for the price to test the kijun, then pullback into my by zone before going higher.
Technical analysis:
. BasicAttentionToken/Dollar is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
. The price downtrend and the RSI downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading...
Technical analysis:
. Basic Attention Token/Binance Coin is in a range bound and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 50.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.01470 to 0.01270). if so, traders can set orders...
Technical analysis:
. BasicAttentionToken/Bitcoin is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 42.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a...
Technical analysis:
. BasicAttentionToken/Dollar is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 42.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is still a...
Technical analysis:
. BasicAttentionToken/Bitcoin is in a Down Trend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 37.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
New Trading suggestion:
. There is a...
New trading suggestion:
*The price is in a range bound and we forecast the uptrend would resume.
*There is still a possibility of temporary retracement to suggested support line (0.00003). if so, traders can set orders based on Price Action and expect to reach short-term targets.
* If you missed our first HUNT, you have a second chance to buy above the...
BasicAttentionToken/Dollar
New trading suggestion:
*The price is in a range bound and we forecast the uptrend would resume.
* If you missed our first HUNT, you have a second chance to buy above suggested support line (0.33).
Entry signal:
Signal to enter the market occurs when the price comes to "Support line" then forms one of the reversal patterns,...
