Basic Attention Token (BAT) Finally Breaks Out from Yearlong Resistance

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In Brief
  • BAT has broken out from a long-term resistance area at 3,000 satoshis. The next resistance is found at 4,600 sats.

  • The price has likely begun the third wave of a five-wave Elliott formation.

  • A golden cross has transpired on the daily time-frame.

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After five unsuccessful attempts, Basic Attention Token (BAT)  has broken out from the long-term 3,000-satoshi resistance area. This is indicative that the price has likely begun a long-term upward trend. BAT Takes Off The BAT price had been trading below the 3,000 satoshi resistance area since July 2019. Until now, the price has made five unsuccessful attempts at breaking out. On
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Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.

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