• Cryptocurrencies: 3431
  • Markets: 20621
  • Market Cap: $280002928363.01
  • 24h Vol: $185628450958.98

BAT Daily Analysis: Return to former trading Range

Those unfamiliar with BAT or Basic Attention Token should take note that it is a utility token for BRAVE Browser. Individuals can tip advertisers or advertises can pay users for the use of their data. Following an 18 month period, they have 5 million users so far with a potential for a twitter partnership.

What do the charts say? 

Bullish

  • On the higher time frames, BAT using the MACD & RSI Indicators are illustrating that there is a lot of momentum ready once it sees a touch of the bottom of the trend line at $0.139.
  • Market sentiment has been increasing day on day matched by accumulation during the same duration.
  • An entry of the trend line for traders with a take profit of $0.162 could see a 22% increase over a 2 week period as BAT seeks to go back to its previous trading level.
  • Volume has increased, especially on the lower time frames becoming buy side behaviour, that we can see $0.146 over the day.

Bearish

  • A break of the trend line at $0.138 could see BAT fall to $0.127 – this is MORE THAN UNLIKELY to happen during the course of the day.

Nouvive Says: BAT at $0.139 would be an excellent entry point for investors and traders alike.

 

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