BAT / BTC
Basic Attention Token Maintains interesting movements on our 4-hour chart we can see how the price had a significant drop in the hot level of 0.5% in the fibonacci retracement. Bulls halted bearish decline. The bulls are riding something important at the 0.0000250 sat level as of today they are using it as a support. Yesterday the price approached the support that I mentioned before but they did not expect that comeback by the bulls since at the time of writing this 10:16 UTC a large 4-hour bullish volume candle has appeared, you can see it in the BAT chart it has gone from 0.0000250 sat to 0.0000270 at this moment in 8 hours
It is also important to add that in new research from Xangle he suggested that the Japan Financial Services Agency is more likely to approve crypto projects that are not involved in casino dapps. Cryptocurrencies, such as Brave's Basic Attention Token (BAT) and Huobi Token (HT), listed in GMO Coin and Huobi Japan, respectively, were still named as whitelisted projects by regulators who had "demonstrated their stability financial and met national standards. " The Xangle report stated that BAT, HT, and QTUM had achieved financial transparency, compliance with regulatory requests, and technical stability despite being Centralized Tokens.
Without a doubt, BAT is demonstrating its financial stability, which is why there is a high probability that the value of BAT against BTC will increase to 0.0000290 sat
Points that we must take into account:
* TEMA 20 is well above DEMA 60 this indicates that the movement would continue to be bullish
* It is important to re-emphasize that the 0.5% level of the Fibonacci retracement is serving as a great support.
Without a doubt, BAT continues to have important movements
BAT / USD
As far as BAT / USD is concerned (I am sorry I must include that while writing this a strong earthquake of magnitude 7.5 in my country Mexico with an epicenter in OAXACA had repercussions in #CDMX #CHILPANCINGO #ACAPULCO #OAXACA #MORELIA #PUEBLA, I am from Puebla but let's continue with this FAMILY to hell the earthquakes first the commitment)
Ok while all this was happening I wanted to tell you that in 4 days BAT increased its value by 19% after coming from a pullback, the price is returning to the uptrend after that pullback the bullish momentum will continue, since the level 0.38% of the Fibonacci retracement fulfilled the function of support, in addition a large bullish volume candle has been presented in our 4-hour chart, so at the time of writing this the price of BAT is around 0.257960 USD and the bulls are approaching with a great Willpower at the resistance level of 0.260697
* TEMA 20 is above DEMA 60 and the price is returning to the old trend line
Great opportunities are presented to all of us
thanks for reading have a great day 🤗
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