Read trading analysis here
Recent rumors are that BAT might get listed on Coinbase, as was mention in the Coinbase report. In the report, it was mentioned that some cryptocurrencies like Basic Attention Token,Stellar and Cardano might be considered for addition in the Coinbase listings.
On the 11 October, 0X has been added to the Coinbase and since then price is up by over 30% against the Bitcoin ( the link to our 0X idea is down below) While the BAT addition remains just rumors, market has already reacted and today price already went up by over 20%, hitting 3.8k satoshis high.
This week trade volume has remain at a steady high rate, as the price was producing higher highs and higher lows. Today it broke above the 38.2% Fibonacci retracement level, and seems BAT is heading towards the next Fibs near 4k satoshis area.
The resistance is confirmed by 50% Fibs along with the upper trendline of the extended descending channel . If broken there should be more upside potential, but upon rejection price should correct down. The correction could end either at 3.5k or 3.2k support levels.
Support:
- 0.00003500
- 0.00003200
Resistance:
- 0.00003940
- 0.00004380
- 0.00005015
Disclaimer: This report is originally posted on TradingView and is for educational and informational purpose only. This post does not constitute an endorsement, recommendation, or offer to sell. Please be guided accordingly.
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