en
Back to the list

Curve DAO (CRV) and Basic Attention Token (BAT) Technical Analysis: Bulls’ Resilience


cryptoknowmics.com 18 November 2021 09:48, UTC
Reading time: ~2 m

Curve DAO buyers are in control as CRV trends above $3.5 in a valid bullish breakout pattern. Meanwhile, Basic Attention Token buyers are confident as BAT steady above $1.

Curve DAO (CRV)

The stablecoin DEX uses CRV for governance.

Past Performance of CRV

The Curve DAO token is relatively stable, rejecting lower lows. From the CRV technical analysis of the daily chart, buyers are in the driving seat as long as $3.5 holds.

Day-Ahead and What to Expect

The CRV crypto is within a bullish breakout pattern, trending at around 2021 highs.

As long as CRV/USDT prices trend above $3.5, buyers are in control.

Because of this, aggressive CRV coin traders may load the dip as the retest completes.

A resurgence and expansion of CRV token prices from around $3.5 may see buyers flow back, lifting the token to $5.5 — November 2021 highs.

Curve DAO Technical Analysis

The CRV/USDT price is within a bullish breakout pattern, as visible in the daily chart.

Therefore, every low may offer entries for determined buyers.

However, this outlook is valid above $3.5 for aggressive Curve DAO coin angling for $5.5.

Deeper losses below the primary support level may force CRV/USDT back to $2.5 and $2 in the medium term.

Basic Attention Token (BAT)

The platform aims to change advertising by incorporating the blockchain using the BAT currency.

Past Performance of BAT

The Basic Attention Token crypto is in an uptrend despite recent accumulation. The BAT technical analysis of the daily chart shows that the BAT crypto token is trading within a bullish breakout pattern.

Day-Ahead and What to Expect

The BAT coin buyers are still in control even with losses of early this week.

Still, BAT/USDT may tumble if prices crack below $1 in a bear breakout pattern.

Nonetheless, as long as BAT/USDT prices are within the high-volume, wide-ranging bull bar of October 30, bulls stand a chance.

The BAT price may recover if buyers flow back, printing higher towards $1.4.

Basic Attention Token Technical Analysis

From an Effort-versus-Results analysis, the BAT crypto buyers are firm.

Nonetheless, the sideways movement of the last two weeks may dump the uptrend's momentum.

Still, aggressive BAT token buyers may load the dips above $1 to target $1.4.

Conversely, should bears claim $1, subsequent losses may press BAT back to $0.75.


   Source
Back to the list