The Basic Attention Token (BAT) is a cryptocurrency designed specifically for use with the Brave web browser. The Basic Attention Token improves the efficiency of digital advertising by creating a new token that can be exchanged between publishers, advertisers, and users. It pays publishers for their content and users for their attention, while providing advertisers with more in return for their ads. According to some estimates, the Basic Attention Token has a bright future and this cryptocurrency might still be undervalued despite all the problems. In my opinion, this is a highly speculative cryptocurrency and still very risky. The BAT will face a huge competition from other big companies, it is also important to have in mind that Google and Facebook will probably fight to keep its share of the ad market. As long as BAT is below $0.5 this cryptocurrency is in the “SELL” zone. Short term support and resistance levels are $0.13 and $0.20 – If the BAT jumps above $0.20 that would be a “BUY” signal and the open way to $0.25. If the BAT jumps above $0.5 that could be a strong signal of the trend reversal and the open way to $0.8. On the other side, if the BAT falls below $0.13 that will be a strong signal “SELL” signal and the next target could be around $0.10.
Advice: In my opinion, this is a highly speculative cryptocurrency and still very risky, I would invest only a small sum of money in this cryptocurrency. As for the technical picture, the Basic Attention Token remains in bearish phase but if the price advances above $0.20 next targets could be located around $0.25 and $0.30. On the other side, if the BAT falls below $0.13 that will be a strong signal “SELL” signal and the next target could be around $0.10.
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