Long retracement could continue, but a token to watch and potentially accumulate. The Gann Fan overlaying the RSI shows several bounces as it works past various resistances, and these are getting higher. Following the downchannels and bouncing off of Fib retracement levels. If BTC goes on a tear in the next few days the next Fib retracement level down for BAT is 0.0000235 BTC, this path would potentially carry that price point to mid-April but the VPVR shows there's more buying than selling happening down here so probably not. If the BAT price holds around 0.00003 BTC through mid-March BAT should pop up a bit, and if it doesn't crater thereafter continuing growth is possible.
This review/synopsis was neither solicited nor compensated for; I'm just enthusiastic about this project.
Basic Attention Token (BAT) is the token for the Brave browser economy. If you haven't heard of Brave, do yourself a favor and look it up. Whether or not you buy any BAT I've been using the browser since October and it's been great. (MetaMask works on it perfectly)
The premise of value for this token is that consumers directly and voluntarily pay the sites and content producers they frequent. The browser inherently blocks ads and trackers, leading to a competitive edge against other browsers because of increased loading speeds and privacy overall for the user. Because blocking ads and trackers removes a source of revenue for the sites from users visiting through Brave, the lost ad revenue can be supplanted by Brave users supplying periodic installments in the form of BAT payments. The browser keeps track of visited sites (when not in private mode) for users to review and allocate their allowance to different sites they pick - INCLUDING YOUTUBE PERFORMERS. The token giveaways they have done provide users with funds to try out this method of voluntary payment in lieu of ads and trackers. Though the affect on the price of BAT in BTC has been consolidating for some time, the good thing about BAT is that the platform (Brave browser and payments system) is already here, and it works.
This is not just a group with a dream and a tentative roadmap, it's a functional, sleek, privacy-oriented browser that rivals chrome for load times, and provides an onramp for people entering the space of cryptocurrency to learn about why cryptocurrencies can be important apart from just rumors of pump-and-dumps and our volatile store of value. While the BATBTC charts have been somewhat disappointing to watch of late in terms of performance relative to some other coins and tokens, I'll hold it because I like it, it works, and seems well-intentioned.
* NOT A PRO * DYOR * TAKE YOUR OWN ADVICE * Work the muck, and I'll see y'all come harvest time.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.