There is an inverted head and shoulder, a break out of the neckline and the downtrend line can send this token higher. For trading purposes, the target for this trade is a small 23%. However, I am higher. What are your thoughts? Trade with care.
We seem to have hit a floor for BAT, unless the currency continues to drop below the support line. It has recently seen a large sell-off due to Bitcoin's parabolic movement, however, I suspect money will flood back into alt-currencies once Bitcoin has finished hard-forking. Orange - Resistance. Purple - Support. Trade the lines accordingly.
BAT 4 HOUR TIMEFRAME. Los Angeles 11:54pm. Before I go into BAT I want to explain why I think this is an important investment for the long term strategy. Before I got into the crypto space I noticed there were a lot of speculative hype behind coins that drove the price beyond logical understanding. All it took for a coin to gain demand was two things. A pretty...
BAT 4 HOUR Chart Los Angeles 7:06PM BAT has shown some bullish divergence but it has missed two trend reversals. The price action broke the 100 and found support at 1.618. Lets hope that it won't fall further after 1.618 and that there will be buys coming in from the oversold RSI. I would like to see RSI at the 50 or 60 to feel confident about an uptrend.
Here is a detailed trading plan for BAT. If everything goes as expected, an easy 63% profit could be made this week. OCTOBER 6: A "Mercury" preview is scheduled to release sometime today. This could trigger a quick 10-15% profit potential. BUY: 5400 SELL AT TARGET PROFIT 1: 5900-6400 SATS (~12% Profit) The price is expected to dump down to the 1st support line...
Heading into the last week before there Mercury release we should see a steady rise in the coins value, even the charts seem aligned for it.
Basic attention token Support and resistance, follow the lines and trade accordingly. Apparently, the project also has updates coming up, which may lead to a further increase.
Looking into the technical analysis of BAT, The next 2 weeks would be a good time to buy at a low price. BAT has a huge potential and is a great long term investment. It hasn't had much movement yet but this should change, once more news and updates are released. I will be keeping a close on BAT, currently $1000 would buy you roughly 5,230 shares. Key Team...
Hey everybody, I think BAT will pump soon after this double bottom. Just hit the breakout. more and more volume, confirmation with the MACD and RSI!!! Thank you, Cryptoz