SUMMARY
The micro waves of Basic Attention Token (BAT/USD) shows that a full set of an upward impulse has taken place (blue waves). The current price action is the requisite correction and very likely an ABC zigzag sequence of 5,3,5. Red Wave A has not completed and as you can see, wave 5 still remains. However, if the first down sequence is in fives; then it's most likely for an ABC Zig Zag.
The the sequence of five waves at a higher degree of trend is shown below. It takes place well within the broadeing pattern. Price has nicely bounced from the lower blue trend line. So, what's happening right now? A wave 2 correction (white).
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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Ah BAT - my first altcoin investment and still my favorite
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If they can accomplish what they set out to do, then it's proof the giants can be taken down. Not such a small task. Microsoft has lost their browser dominance so getting an adoption plan in motion is key. If they truly start rewarding people for using the browser, this new business model that cuts out the platform companies... would be AMAZING!
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looks fun
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Bat to the moooon 😊😊
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BAT progression look more professional.
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AST update plz
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There is a great idea behind the coin. It will skyrocket.
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$1.54 seems a bit much, but would love to see it go there !
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I am a BAT believer. BAT has a nice team and they are doing good. Thanks for the analysis.
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좋은분석 감사합니다.
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Greetings, thanks for the information,
Is it possible to know the effect that external variables affect this behavior?
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