Basic Attention Token (BATBTC) has shown to be very resilient. This altcoin maintained its price better than most and its low after Dec/Jan's bull run, was hit on March. It didn't create a lower low on August nor September as most other altcoins did. BATBTC remained strong throughout the trip.
BATBTC didn't challenge its all time high on the last bull run. So if another bull run comes, we will be aiming at least for all time high or break above it. Here is the weekly chart:
Here we have the Doji candlestick at the end of the trendline. This Doji candlestick (with a #8 on top - at the far right on the chart above) signals an upcoming trend reversal.
Volume is still lacking, yet the volume that followed the candlestick next to the Doji is higher than average for several months.
On the daily time frame, the RSI is on an uptrend and moving to the bullish zone. The STOCH is bullish as well and we are now trading above EMA10.
We can open a long term trade for BATBTC with very low risk and really huge profits potential... let's take a look.
One last note: BAT is on the list of coins that can potentially be added to Coinbase, together with XLM, ZRX and ZEC. This adds to the potential as Coinbase is one of the biggest Bitcoin sellers in the world.
We also talked about simple wave cycles; wave up, wave down, wave up, wave down... We had our wave down, it is time for a wave up, take a look here:
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