Basic Attention Token finally breaking above the descending channel as well as the downtrend trendline after rejecting the $0.123 support several times. BAT/USD shows higher highs and higher lows pattern, which is also suggesting the beginning of an uptrend.
Although the trend has been established it is not necessary that BAT will start moving higher straight...
This coin made by the creator of mozilla firefox is looking bullish.
You can check the EW count, the channeling and the next major resistance.
Good luck.
As we can see from my last post the BAT chart has since peaked & declined at both my expected high/low points.
I just wanted to update the chart as BAT is currently at a good buypoint & I'm expecting a good 25-30% in the coming week.
There are so many opportunities going on in the market at the moment. BAT have recently broken out of the a diverging downtrend channel. We are currently hovering above new support area, this can potentially be a big winner in the coming weeks. What are your thoughts?
As we can see the Basic attention token is a rather volatile coin - fluctuating often over 20% through it's trading week.
The BAT has been bleeding out for a while now & took a beating between the BCH/BTC civil war but despite this the 1970 resistance mark that held back the BAT recovery has now become it's support line.
This last 20% rally we've seen in BAT...
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 reached a major resistance level (check 30min-1h chart). If the price gets rejected there's a good trading opportunity to go short and take profits at indicated fibonacci levels.
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.
