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?
- 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.
- 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.
Nouvive: Home of Crypto Beginners, Traders & Investors. Nouvive provides Cryptocurrency trading news, Analysis and indicators for beginners, traders and investors.
Information on these pages contain speculative statements that involves risks and uncertainties. Crypto-Assets profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell. Nouvive does not in any way guarantee that this information is free from mistakes, errors or material misstatements. It does also not guarantee that this information is of a timely nature. Crypto-Assets involve risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing or trading are your responsibility alone. For more information, please view the Risk Warning Below.