THIS is The Future Of Basic Attention Token - Technical Analysis BAT/USD


Hello, fellow crypto-enthusiasts.
I would like to present you the short term future of #BAT.
One off the many tokens with a very bright future.

Because this token is widely traded, old-school TA works like a charm.
I make use off Fibonacci levels, Elliott Waves and Wykoff principles.

On this image, you see how BAT is consolidating and is currently in an accumulation area.
This means that traders are accumulating coins/buying.
So, if you haven't done that already, let me tell you why I bought.

I love price action trading, and Richard Wykoff loved it as well.

I studied this method, and for me, it is one of the best and most profitable methods you can use. 

351665157-5b9bb0715f015128576113dbc223834b471c247629c3dcf87e73d0edfd83821a.png

At the moment, price is trading in Phase C of the accumulation phase. Price just bounced at the support level of the trading channel. This was the SPRING. Now we will see a short period of consolidation before price enters Phase D. In this phase, price will flirt with the resistance and show some SOS (sign of strength) and will find support (LPS) before jumping over the area of resistance. Now a bull-flag will unveil itself before price goes in Phase E. 

In PHASE E, the price will continue to rise to the levels described below. 

PS—preliminary support
SC—selling climax
AR—automatic rally
ST—secondary test
Test/Spring
SOS—sign of strength
LPS—last point of support
BU—“back-up”

Following are the short-term targets. (2-months)

$0.18812
$0.21669
$0.28707
$0.33326

IF you want the full technical analysis, please comment in the section below. 

THANKS FOR THE TIP!

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Don Defi
Don Defi

Crypto-Trader Wyckoff Fetish Fibonacci Lover Elliott Believer Price Action Rules All In Defi


Technical Analysis Cryptoni
Technical Analysis Cryptoni

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