$BAT / USDT Analysis
BAT price wise is pretty cheap, not to mention Brave still continues to dish out rewards (in the form of crypto) for active users. BAT mainly focuses on maintaining mainstream privacy and rewards into becoming the first global private ad platform.
Price for the most part however, has held above our highlighted resistance until march 12th.
This coin knife-dropped (wicked) down to nearly 7 cents- less than half of what it was 10 days ago. Putting that into perspective BAT has established new lows and begs to question if it’s consolidation will bear fruit.
Most cryptos currently are coming off of a nice-slight correction-and for the most part have recovered. Cryptos like LINK, ZEC, BTC, ETH (for example) all look similar on certain respective time frames.
BAT as a whole questions society’s status quo of regulation per media platforms. BAT prefers to provide users with the necessary privacy they believe they deserve. Frankly, this is as human as it gets fundamentally.
I would have a SL below 12 cents if i was longing this short term-likely will be a 1-2 week long trade.