BASIC ATTENTION TOKEN - BAT/USD

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Type:	Cryptocurrencies
Ticker:	BATUSD
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BASIC ATTENTION TOKEN - BAT/USD - Daily - Technical analysis published on 07/03/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Bullish

De fond: Strongly bullish

Technical indicators

28%

44%

My opinion

Bullish above 0.227844 USD

My targets

0.257032 USD (+4.68%)

0.311850 USD (+27.00%)

My analysis

The basic bullish trend is very strong on BASIC ATTENTION TOKEN - BAT/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 0.227844 USD. Crossing the first resistance at 0.257032 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 0.311850 USD as an objective. Crossing it would then enable buyers to target 0.440467 USD. Caution, a return to below 0.227844 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

Force

4.3

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BASIC ATTENTION TOKEN - BAT/USD rating is 0.245544 USD. The price registered an increase of +1.13% on the session and was traded between 0.240830 USD and 0.247887 USD over the period. The price is currently at +1.96% from its lowest and -0.95% from its highest.

0.240830

0.247887

0.245544

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of BASIC ATTENTION TOKEN - BAT/USD in Daily shows a strongly overall bullish trend. The signals given by moving averages are 82.14% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 8 are neutral and 5 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

Horizontal support is broken

Type : Bearish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish engulfing lines

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.154721	0.194831	0.227844	0.245544	0.257032	0.311850	0.440467
Change (%)	-36.99%	-20.65%	-7.21%	-	+4.68%	+27.00%	+79.38%
Change	-0.090823	-0.050713	-0.017700	-	+0.011488	+0.066306	+0.194923
Level	Minor	Minor	Major	-	Intermediate	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.217825	0.229740	0.236270	0.248185	0.254715	0.266630	0.273160
Camarilla	0.237728	0.239418	0.241109	0.242800	0.244491	0.246182	0.247872
Woodie	0.215133	0.228394	0.233578	0.246839	0.252023	0.265284	0.270468
Fibonacci	0.229740	0.236786	0.241139	0.248185	0.255231	0.259584	0.266630

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.156423	0.190452	0.230585	0.264614	0.304747	0.338776	0.378909
Camarilla	0.250324	0.257123	0.263921	0.270719	0.277517	0.284315	0.291114
Woodie	0.159476	0.191978	0.233638	0.266140	0.307800	0.340302	0.381962
Fibonacci	0.190452	0.218782	0.236284	0.264614	0.292944	0.310446	0.338776

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.110931	0.157968	0.204567	0.251604	0.298203	0.345240	0.391839
Camarilla	0.225415	0.233998	0.242582	0.251165	0.259748	0.268332	0.276915
Woodie	0.110711	0.157859	0.204347	0.251495	0.297983	0.345131	0.391619
Fibonacci	0.157968	0.193737	0.215835	0.251604	0.287373	0.309471	0.345240

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	51.65
MACD (12,26,9):	0.0075
Directional Movement:	5.512306
AROON (14):	57.142857
DEMA (21):	0.257795
Parabolic SAR (0,02-0,02-0,2):	0.292517
Elder Ray (13):	-0.006306
Super Trend (3,10):	0.223667
Zig ZAG (10):	0.245350
VORTEX (21):	1.0961
Stochastique (14,3,5):	39.79
TEMA (21):	0.256950
Williams %R (14):	-64.54
Chande Momentum Oscillator (20):	0.003773
Repulse (5,40,3):	-5.5395
ROCnROLL:	-1
TRIX (15,9):	0.5707
Courbe Coppock:	25.10

MA7:	0.255945
MA20:	0.244288
MA50:	0.228870
MA100:	0.199786
MAexp7:	0.251722
MAexp20:	0.247062
MAexp50:	0.230909
MAexp100:	0.216425
Price / MA7:	-4.06%
Price / MA20:	+0.51%
Price / MA50:	+7.29%
Price / MA100:	+22.90%
Price / MAexp7:	-2.45%
Price / MAexp20:	-0.61%
Price / MAexp50:	+6.34%
Price / MAexp100:	+13.45%

Quotes : 2020-07-03 14:25:12 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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