Buy the Rumor, Sell the News: Why Basic Attention Token (BAT) Slipped

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Don’t chase Basic Attention Token (BAT) momentum, we warned on November 8, 2018. As we saw with 0x (ZRX) and Ethereum Classic (ETC), once news of a Coinbase listing was out, momentum quickly faded.  “The same situation may unfold with BAT once the markets had time to fully incorporate the news,” we noted.  “Traders can … Continue reading “Buy the Rumor, Sell the News: Why Basic Attention Token (BAT) Slipped”

Why the Basic Attention Token (BAT) is Breaking Out

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The Basic Attention Token (BAT) is breaking to multi-month highs. After breaking above its 50-day moving average, the coin broke to $0.236.  It’s now challenging double top resistance at this price level.  If it can break out here, we could see a potential test of $0.30, near-term. All as the coin picks up momentum on … Continue reading “Why the Basic Attention Token (BAT) is Breaking Out”