Basic Attention Token (BAT): Target was Exceeded and Currently in a Healthy Correction
SUMMARY
Basic Attention Token (BAT) was covered 29 days ago and the target was well exceeded. The below chart was used:
I've updated the wave 1 by raising it and added the abc correction as well as the blue impulse waves of red C wave. Of course, the exact pathway could morph to a more complex direction as it is the propensity of Altcoins. The top line of the triangle is expected to be a good support line. The previous double round bottoms represent strong price basing and often provide support for a sustainable rally. So, current retrace is a healthy correction.
Little change on the BAT/BTC pair except that the wave 2 could be complete and as expected still lagging the BAT/USD pair. The 12,482 Satoshi target remains solid.
Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
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thanks for the updates
Could you please help with LUN and LRC? Thank you..
@haejin: What are your thought on the tether and bitfinex situation that's coming to light?
I don't use Tether. I guess a very temporary hold would be ok. I like bitUSD
BAT is a great project. What is your long term projection?
I'd like to see the bottom and upturn first before the longer term projection. Many mistakenly think that projection will come tomorrow and then get upset.
BATS use case makes it very interesting...maybe long term hold...I mean long like pass to kids!
I do not understand what is Basic Attention Token (BAT) Can you tell me. Iam from Indonesia. Thank you @heejin.
COSS was waaaay exceeded to and in a correction, but you didn't post an update to that. Are you going to?
It's an unusual correction by the look of it.
@adityabhat. It's an abc correction.
Hmmmm dono about this one!! Dont like the project behind this coin! Seems strange but... im gonna do my more research!
I got lucky on my purchase of BAT... I read about it and happened to catch it at the last dip, so I've seen it going up ever since. Exodus wallet allows easy token-for-token exchanges, so as BAT has gone up, I've managed to diversify into the others already in the wallet.
Thanks for doing an update on BAT!
Very good on the diversification. It's the most effective way to de-risk your portfolio.