BASIC ATTENTION TOKEN - BAT/USD
BASIC ATTENTION TOKEN - BAT/USD
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Type: Cryptocurrencies
Ticker: BATUSD
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BASIC ATTENTION TOKEN - BAT/USD - 1H - Technical analysis published on 08/02/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Bullish
Underlying: Bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 0.619410 USD
My targets
0.701737 USD (+5.45%)
0.751299 USD (+12.90%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on BASIC ATTENTION TOKEN - BAT/USD as long as the price remains well above 0.619410 USD. The buyers' bullish objective is set at 0.701737 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.751299 USD. If there is any crossing, the next objective would be the resistance located at 1.024990 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
5.9

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:
15 min. Daily Weekly

Additional analysis

Quotes

The BASIC ATTENTION TOKEN - BAT/USD rating is 0.665478 USD. On the day, this instrument gained +1.10% and was traded between 0.638092 USD and 0.668517 USD over the period. The price is currently at +4.29% from its lowest and -0.45% from its highest.

0.638092
0.668517
0.665478

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:

Technical


Technical analysis of this 1H chart of BASIC ATTENTION TOKEN - BAT/USD indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.560226 0.600377 0.619410 0.665478 1.024990 1.234560 1.542240
Change (%) -15.82% -9.78% -6.92% - +54.02% +85.51% +131.75%
Change -0.105252 -0.065101 -0.046068 - +0.359512 +0.569082 +0.876762
Level Major Intermediate Intermediate - Intermediate Minor Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.5548250.6010870.6296670.6759290.7045090.7507710.779351
Camarilla0.6376650.6445250.6513860.6582460.6651070.6719670.678828
Woodie0.5459830.5966670.6208250.6715090.6956670.7463510.770509
Fibonacci0.6010870.6296770.6473400.6759290.7045190.7221820.750771


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.4181450.4677070.5599410.6095030.7017370.7512990.843533
Camarilla0.6131820.6261800.6391780.6521760.6651740.6781720.691170
Woodie0.4394820.4783750.5812780.6201710.7230740.7619670.864870
Fibonacci0.4677070.5218730.5553370.6095030.6636690.6971330.751299


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.3162990.3862290.5192030.5891330.7221070.7920370.925011
Camarilla0.5963770.6149770.6335770.6521760.6707760.6893750.707975
Woodie0.3478200.4019900.5507240.6048940.7536280.8077980.956532
Fibonacci0.3862290.4637390.5116240.5891330.6666430.7145280.792037

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): 51.72
MACD (12,26,9): -0.0017
Directional Movement: -5.688824
AROON (14): 35.714287
DEMA (21): 0.658747
Parabolic SAR (0,02-0,02-0,2): 0.639603
Elder Ray (13): 0.004584
Super Trend (3,10): 0.682297
Zig ZAG (10): 0.665297
VORTEX (21): 0.9885
Stochastique (14,3,5): 82.32
TEMA (21): 0.655986
Williams %R (14): -12.64
Chande Momentum Oscillator (20): 0.016086
Repulse (5,40,3): 1.5641
ROCnROLL: 1
TRIX (15,9): -0.0831
Courbe Coppock: 1.66
MA7: 0.618525
MA20: 0.555102
MA50: 0.569900
MA100: 0.773102
MAexp7: 0.660409
MAexp20: 0.661377
MAexp50: 0.658191
MAexp100: 0.640511
Price / MA7: +7.59%
Price / MA20: +19.88%
Price / MA50: +16.77%
Price / MA100: -13.92%
Price / MAexp7: +0.77%
Price / MAexp20: +0.62%
Price / MAexp50: +1.11%
Price / MAexp100: +3.90%

Quotes : - Real time data - Cryptocompare

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

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