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Weekly forecast Basic Attention Token technical chart
Symbol BATUSD
Trade Setup

#BATUSD
Total Profit: -9432 point (-264%)
Closed trade(s): 0 point Profit
Open trade(s): -9432 point Profit

Trade Setup:
We opened 12 BUY trades @ 0.3541 based on 'Valley' entry method at 2022-09-09.

Open Profit:
Profit for one BUY trade is 0.2755(current price) - 0.3541(open price) = -786 point (-22%)
12 trade(s) still open, therefore total profit for open trade(s) is -786 (-22%) x 12 = -9432 point (-264%)

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
DateOctober 23, 2022 - 10:45
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.2580, beginning of uptrend is expected.
  • We make sure when the resistance at 0.4800 breaks.
  • If the support at 0.2580 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 0.3066 on 2022-09-07 and the trough at 0.2637 on 2022-10-21, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 0.3200 on 09/23/2022, so more losses minimum to Major Support (0.2580) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 39.

Take Profits:

  1. 0.3795
  2. 0.4200
  3. 0.4800
  4. 0.5505
  5. 0.6640
  6. 0.8000
  7. 0.9800
  8. 1.1499
  9. 1.3800
  10. 1.6480
  11. 1.9290
Click on the level to view price action history.
Symbol Released Current Forecast
Basic Attention Token (BATUSD) Sun, 14 Apr 2024
Basic Attention Token (BATUSD) free Sun, 7 Apr 2024
Basic Attention Token (BATUSD) free Sun, 31 Mar 2024
Basic Attention Token (BATUSD) free Sun, 24 Mar 2024
Basic Attention Token (BATUSD) Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on BATUSD.