BASIC ATTENTION TOKEN - BAT/USD - 1H - Technical analysis published on 06/16/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
56%
22%
22%
My opinion
Bullish above 0.211573 USD
My targets
0.219929 USD (+3.10%)
0.239905 USD (+12.47%)
My analysis
The strong short-term increase in BASIC ATTENTION TOKEN - BAT/USD calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 0.211573 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 0.219929 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.239905 USD as an objective. Crossing it would then enable buyers to target 0.248901 USD. Caution, a return under 0.211573 USD could jeopardize the reversal.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
1.8
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Additional analysis
Quotes
BASIC ATTENTION TOKEN - BAT/USD rating 0.213314 USD. The price is lower by -0.09% since the last closing with the lowest point at 0.209449 USD and the highest point at 0.214011 USD. The deviation from the price is +1.85% for the low point and -0.33% for the high point.0.209449
0.214011
0.213314
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of BASIC ATTENTION TOKEN - BAT/USD in 1H shows an overall slightly bearish trend. Only 53.57% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Black gravestone / inverted hammer
Type : Bearish
Timeframe : 1 hour
Bearish doji star
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.163512 | 0.207042 | 0.211573 | 0.213314 | 0.219929 | 0.248901 | 0.253152 |
| Change (%) | -23.35% | -2.94% | -0.82% | - | +3.10% | +16.68% | +18.68% |
| Change | -0.049802 | -0.006272 | -0.001741 | - | +0.006615 | +0.035587 | +0.039838 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.204888 | 0.207075 | 0.210288 | 0.212475 | 0.215688 | 0.217875 | 0.221088 |
| Camarilla | 0.212015 | 0.212510 | 0.213005 | 0.213500 | 0.213995 | 0.214490 | 0.214985 |
| Woodie | 0.205400 | 0.207332 | 0.210800 | 0.212732 | 0.216200 | 0.218132 | 0.221600 |
| Fibonacci | 0.207075 | 0.209138 | 0.210413 | 0.212475 | 0.214538 | 0.215813 | 0.217875 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.179058 | 0.192261 | 0.202880 | 0.216083 | 0.226702 | 0.239905 | 0.250524 |
| Camarilla | 0.206949 | 0.209133 | 0.211316 | 0.213500 | 0.215684 | 0.217867 | 0.220051 |
| Woodie | 0.177767 | 0.191615 | 0.201589 | 0.215437 | 0.225411 | 0.239259 | 0.249233 |
| Fibonacci | 0.192261 | 0.201361 | 0.206983 | 0.216083 | 0.225183 | 0.230805 | 0.239905 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.182046 | 0.200825 | 0.222027 | 0.240806 | 0.262008 | 0.280787 | 0.301989 |
| Camarilla | 0.232235 | 0.235900 | 0.239565 | 0.243230 | 0.246895 | 0.250560 | 0.254225 |
| Woodie | 0.183259 | 0.201431 | 0.223240 | 0.241412 | 0.263221 | 0.281393 | 0.303202 |
| Fibonacci | 0.200825 | 0.216097 | 0.225533 | 0.240806 | 0.256078 | 0.265514 | 0.280787 |
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): | 55.01 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -5.771768 | |
| AROON (14): | -71.428572 | |
| DEMA (21): | 0.212561 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.209449 | |
| Elder Ray (13): | 0.000755 | |
| Super Trend (3,10): | 0.214291 | |
| Zig ZAG (10): | 0.213394 | |
| VORTEX (21): | 1.0773 | |
| Stochastique (14,3,5): | 67.85 | |
| TEMA (21): | 0.212657 | |
| Williams %R (14): | -28.08 | |
| Chande Momentum Oscillator (20): | -0.000538 | |
| Repulse (5,40,3): | 0.6545 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0054 | |
| Courbe Coppock: | 1.01 |
| MA7: | 0.215385 | |
| MA20: | 0.230375 | |
| MA50: | 0.237868 | |
| MA100: | 0.269605 | |
| MAexp7: | 0.212533 | |
| MAexp20: | 0.212607 | |
| MAexp50: | 0.213031 | |
| MAexp100: | 0.214949 | |
| Price / MA7: | -0.96% | |
| Price / MA20: | -7.41% | |
| Price / MA50: | -10.32% | |
| Price / MA100: | -20.88% | |
| Price / MAexp7: | +0.37% | |
| Price / MAexp20: | +0.33% | |
| Price / MAexp50: | +0.13% | |
| Price / MAexp100: | -0.76% |
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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