All ICOICO statsRatingReviewsBlogNews Wallets Mining Exchanges Chart Events
Join

Basic Attention Token Price: BAT -12%. Failed At Key Resistance Level. Friday, November 9th

09 november 2018, 10:45 by Gene Cotillo

Basic Attention Token at Key Resistance Level

Basic Attention Token has been one of the few cryptocurrencies lately that showed green yesterday, when what looks like a correction started to happen within most of the top cryptocurrencies. And it was not simply green, but high percentage gains, compared to the rest of the major cryptocurrencies. Yesterday, Basic Attention Token enjoyed gains of nearly 9%, and it seems that taking a long, daily position whil trading is the best route to success and profits.

Looking back over the past few weeks, had you been in the long for BAT since the long setup triggered on 13 October at $.18 USD, you would have realized a total gain of roughly 64%. 

The $0.3811 resistance level turned out to be the top BAT could achieve and many investors monitored the gains closely. Watching the overextension signal, looking for any extreme red could very well indicate that reversal candles which follow soon after. This is a pivotal point in the short-term pricing of Basic Attention Token over the short term. 

On the reversal, we can expect prices to fall, obviously, While a breakthrough would signify further gains, it is not likely that these gains will come in any faster or more drastic of a fashion than we have seen in the past few weeks. Challenging and breaking through the resistance level will allow Basic Attention Token to enjoy more of the same positive gains that it has been experiencing until it flirts with the new resistance levels. Those levels would allow Basic Attention Token to have clear sailing to right around $0.53 USD.

Currently, BAT needs to focus on surviving the current correction without any significant losses.

BAT/USD Price Chart, Friday November 9th:

Basic Attention Token BAT Price Chart, November 9th

There is a medium overextension signal at the current resistance level, so be cautious and watch closely for a breakthrough and conformation or for failure and confirmation in order to make your best decisions.

Follow TokenTops on Twitter and Join Our Telegram Group to stay notified about new articles, cryptocurrency news, ICO announcements and price predictions and analysis.

Legal Disclaimer: Please remember that trading, buying or any other type of investing in cryptocurrencies should be consider risky and may lead to the loss of all of the invested money. For further information visit Terms and Conditions section on TokenTops. We do not encourage our readers to any kind of financial decisions. Neither tokentops.com nor its parent companies accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to, from tokentops.com. We believe that everyone should make their own and in depth research on the particular topic in various sources before making any financial decision and this person should be the only one responsible for the outcome. Our writers do their best to remain unbiased and don't actively support any project. The research is done with various sources, the predictions are based on own believes, analytical skills, experts and community discussions and is intended to convey general information only. 

You may also like

Comments

Write comment 0 comments

You need to login to create comments.

Get the week’s best ICO right in your inbox