Basic Attention Token - BAT - Analysis (232% POTENTIAL PROFIT)
Fundamentals + Technical Analysis= Major Gains
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This correction the past month has given me the opportunity to scout for new coins and educate myself in technical analysis. I've also been able to research coins that has strong fundamentals and that is certainly something that you shold consider when investing in coins. Having a portfolio of shitcoins will eventually lead to disaster and you should be careful to not getting caught up looking for the coins that gain 50-100% per day.
I've also taken the time to clean up my portfolio and get rid of coins that I don't see a long term value in. Always stay prepared for the next big correction and make sure you balance fundamentally strong coins and fiat.
Now on to BAT coin. I'm not gonna give you an explanation what the strenghts are with this coin. I'm simply gonna recommend you watching this video by DataDash on youtube. He's great at explaining different projects and has been able to grow a huge youtube channel because of his skills.
⭐⭐⭐⭐⭐ 5 out of 5 stars on this investment
Mid Term Target at 0.000145 BTC
Potential profit 196%!
Long Term Target at 0.000162BTC
Potential profit 232%!
DataDash Youtube Video:
Scenario 1
I see a bullish cup and handle and we're currently forming the handle. In this scenario, the ABC correction is not completely done. As soon as it's finished we can expect a powerful impulse and start of wave 3.
Scenario 2
We don't know for sure yet but we could be forming an ABCDE correction instead of an ABC. This means that we're probably not gonna see a lower low. ABCDE correction usually form beautiful bullish triangles. We don't know yet how the pattern will look like but a viable option is a bullish falling wedge pattern, which is common for cup and handle scenarios.
Bigger picture
Here's my big picture prediction. Both scenarios have the same targets, just different price pathways. Please check the buy zones if you need help with setting buy orders. The highs and lows can be find to the right in the blue price boxes.
Follow me on Twitter and turn on notifications to get instant updates at http://www.twitter.com/benkalashnikov
Disclaimer:
I'm not a financial advisor and these are only my opinions. I don't take any responsibility for any investments that you make based on my analysis.
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