BASIC ATTENTION TOKEN - BAT/USD - 1H - Technical analysis published on 12/03/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 1.44 USD
My targets
1.28 USD (-5.88%)
1.23 USD (-9.78%)
My analysis
BASIC ATTENTION TOKEN - BAT/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.44 USD. The next support located at 1.28 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.23 USD. Below this support, sellers could then target 0.98 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BASIC ATTENTION TOKEN - BAT/USD rating 1.36 USD. On the day, this instrument lost -4.90% with the lowest point at 1.36 USD and the highest point at 1.43 USD. The deviation from the price is 0% for the low point and -4.90% for the high point.1.36
1.43
1.36
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this BASIC ATTENTION TOKEN - BAT/USD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Three black crows
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.64 | 0.98 | 1.28 | 1.36 | 1.44 | 1.54 | 1.64 |
| Change (%) | -52.94% | -27.94% | -5.88% | - | +5.88% | +13.24% | +20.59% |
| Change | -0.72 | -0.38 | -0.08 | - | +0.08 | +0.18 | +0.28 |
| Level | Intermediate | Major | Major | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.23 | 1.30 | 1.37 | 1.44 | 1.51 | 1.58 | 1.65 |
| Camarilla | 1.39 | 1.40 | 1.42 | 1.43 | 1.44 | 1.46 | 1.47 |
| Woodie | 1.22 | 1.30 | 1.36 | 1.44 | 1.50 | 1.58 | 1.64 |
| Fibonacci | 1.30 | 1.36 | 1.39 | 1.44 | 1.50 | 1.53 | 1.58 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.37 | 0.68 | 1.23 | 1.54 | 2.09 | 2.40 | 2.95 |
| Camarilla | 1.53 | 1.61 | 1.69 | 1.77 | 1.85 | 1.93 | 2.01 |
| Woodie | 0.48 | 0.74 | 1.34 | 1.60 | 2.20 | 2.46 | 3.06 |
| Fibonacci | 0.68 | 1.01 | 1.22 | 1.54 | 1.87 | 2.08 | 2.40 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.05 | 0.44 | 0.95 | 1.44 | 1.95 | 2.44 | 2.95 |
| Camarilla | 1.19 | 1.28 | 1.37 | 1.46 | 1.55 | 1.64 | 1.74 |
| Woodie | -0.04 | 0.45 | 0.96 | 1.45 | 1.96 | 2.45 | 2.96 |
| Fibonacci | 0.44 | 0.82 | 1.06 | 1.44 | 1.82 | 2.06 | 2.44 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 34.50 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | -11.76 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 1.38 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.43 | |
| Elder Ray (13): | -0.03 | |
| Super Trend (3,10): | 1.43 | |
| Zig ZAG (10): | 1.37 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 20.64 | |
| TEMA (21): | 1.38 | |
| Williams %R (14): | -91.58 | |
| Chande Momentum Oscillator (20): | -0.01 | |
| Repulse (5,40,3): | -2.1700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1500 | |
| Courbe Coppock: | 3.28 |
| MA7: | 1.54 | |
| MA20: | 1.27 | |
| MA50: | 1.04 | |
| MA100: | 0.90 | |
| MAexp7: | 1.38 | |
| MAexp20: | 1.40 | |
| MAexp50: | 1.43 | |
| MAexp100: | 1.46 | |
| Price / MA7: | -11.69% | |
| Price / MA20: | +7.09% | |
| Price / MA50: | +30.77% | |
| Price / MA100: | +51.11% | |
| Price / MAexp7: | -1.45% | |
| Price / MAexp20: | -2.86% | |
| Price / MAexp50: | -4.90% | |
| Price / MAexp100: | -6.85% |
Quotes :
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Real time data
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