BASIC ATTENTION TOKEN - BAT/USD - 1H - Technical analysis published on 11/17/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
28%
28%
44%
My opinion
Bearish under 0.225946 USD
My targets
0.216509 USD (-1.78%)
0.196726 USD (-10.75%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BASIC ATTENTION TOKEN - BAT/USD as long as the price remains well below 0.225946 USD. The next bearish objective for sellers is set at 0.216509 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.196726 USD. If there is any crossing, the next objective would be the support located at 0.167704 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BASIC ATTENTION TOKEN - BAT/USD price is 0.220432 USD. The price is lower by -0.49% since the last closing and was traded between 0.219990 USD and 0.229836 USD over the period. The price is currently at +0.20% from its lowest and -4.09% from its highest.0.219990
0.229836
0.220432
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of BASIC ATTENTION TOKEN - BAT/USD indicates that the overall trend is strongly bearish. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA50 & MA100
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.167704 | 0.196726 | 0.216509 | 0.220432 | 0.225946 | 0.237302 | 0.250443 |
| Change (%) | -23.92% | -10.75% | -1.78% | - | +2.50% | +7.65% | +13.61% |
| Change | -0.052728 | -0.023706 | -0.003923 | - | +0.005514 | +0.016870 | +0.030011 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.197351 | 0.207728 | 0.214625 | 0.225002 | 0.231899 | 0.242276 | 0.249173 |
| Camarilla | 0.216772 | 0.218355 | 0.219939 | 0.221522 | 0.223106 | 0.224689 | 0.226272 |
| Woodie | 0.195611 | 0.206858 | 0.212885 | 0.224132 | 0.230159 | 0.241406 | 0.247433 |
| Fibonacci | 0.207728 | 0.214327 | 0.218403 | 0.225002 | 0.231601 | 0.235677 | 0.242276 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.174094 | 0.187307 | 0.210332 | 0.223545 | 0.246570 | 0.259783 | 0.282808 |
| Camarilla | 0.223393 | 0.226714 | 0.230036 | 0.233358 | 0.236680 | 0.240002 | 0.243324 |
| Woodie | 0.179001 | 0.189760 | 0.215239 | 0.225998 | 0.251477 | 0.262236 | 0.287715 |
| Fibonacci | 0.187307 | 0.201150 | 0.209702 | 0.223545 | 0.237388 | 0.245940 | 0.259783 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.130550 | 0.148250 | 0.177990 | 0.195690 | 0.225430 | 0.243130 | 0.272870 |
| Camarilla | 0.194684 | 0.199033 | 0.203381 | 0.207730 | 0.212079 | 0.216427 | 0.220776 |
| Woodie | 0.136570 | 0.151260 | 0.184010 | 0.198700 | 0.231450 | 0.246140 | 0.278890 |
| Fibonacci | 0.148250 | 0.166372 | 0.177568 | 0.195690 | 0.213812 | 0.225008 | 0.243130 |
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): | 46.62 | |
| MACD (12,26,9): | -0.0003 | |
| Directional Movement: | -10.558000 | |
| AROON (14): | 64.285714 | |
| DEMA (21): | 0.225119 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.229551 | |
| Elder Ray (13): | -0.000981 | |
| Super Trend (3,10): | 0.229733 | |
| Zig ZAG (10): | 0.224940 | |
| VORTEX (21): | 0.9753 | |
| Stochastique (14,3,5): | 45.34 | |
| TEMA (21): | 0.225508 | |
| Williams %R (14): | -66.41 | |
| Chande Momentum Oscillator (20): | -0.001412 | |
| Repulse (5,40,3): | -0.9980 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0368 | |
| Courbe Coppock: | 1.93 |
| MA7: | 0.229061 | |
| MA20: | 0.219907 | |
| MA50: | 0.196856 | |
| MA100: | 0.186891 | |
| MAexp7: | 0.225119 | |
| MAexp20: | 0.225644 | |
| MAexp50: | 0.226665 | |
| MAexp100: | 0.228026 | |
| Price / MA7: | -3.77% | |
| Price / MA20: | +0.24% | |
| Price / MA50: | +11.98% | |
| Price / MA100: | +17.95% | |
| Price / MAexp7: | -2.08% | |
| Price / MAexp20: | -2.31% | |
| Price / MAexp50: | -2.75% | |
| Price / MAexp100: | -3.33% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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