BASIC ATTENTION TOKEN (X100) - BAT/BTC - Daily - Technical analysis published on 11/23/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
56%
11%
33%
My opinion
Bearish under 0.001649 BTC
My targets
0.001318 BTC (-4.91%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on BASIC ATTENTION TOKEN (X100) - BAT/BTC. As long as you are under the resistance located at 0.001649 BTC, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.001318 BTC would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. If the resistance 0.001649 BTC were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.1
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This analysis was given by Mangart. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BASIC ATTENTION TOKEN (X100) - BAT/BTC rating 0.001386 BTC. On the day, this instrument gained +15.79% and was between 0.001196 BTC and 0.001437 BTC. This implies that the price is at +15.89% from its lowest and at -3.55% from its highest.0.001196
0.001437
0.001386
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:
Technical
Technical analysis of BASIC ATTENTION TOKEN (X100) - BAT/BTC in Daily shows an overall bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.001318 | 0.001386 | 0.002290 | 0.003021 | 0.003458 |
| Change (%) | -4.91% | - | +65.22% | +117.97% | +149.49% |
| Change | -0.000068 | - | +0.000904 | +0.001635 | +0.002072 |
| Level | Minor | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.001054 | 0.001110 | 0.001154 | 0.001210 | 0.001254 | 0.001310 | 0.001354 |
| Camarilla | 0.001170 | 0.001179 | 0.001188 | 0.001197 | 0.001206 | 0.001215 | 0.001225 |
| Woodie | 0.001047 | 0.001107 | 0.001147 | 0.001207 | 0.001247 | 0.001307 | 0.001347 |
| Fibonacci | 0.001110 | 0.001149 | 0.001172 | 0.001210 | 0.001249 | 0.001272 | 0.001310 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.000938 | 0.001002 | 0.001125 | 0.001189 | 0.001312 | 0.001376 | 0.001499 |
| Camarilla | 0.001198 | 0.001215 | 0.001232 | 0.001249 | 0.001266 | 0.001283 | 0.001300 |
| Woodie | 0.000969 | 0.001017 | 0.001156 | 0.001204 | 0.001343 | 0.001391 | 0.001530 |
| Fibonacci | 0.001002 | 0.001073 | 0.001117 | 0.001189 | 0.001260 | 0.001304 | 0.001376 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.000091 | 0.000714 | 0.001026 | 0.001649 | 0.001961 | 0.002584 | 0.002896 |
| Camarilla | 0.001081 | 0.001167 | 0.001252 | 0.001338 | 0.001424 | 0.001509 | 0.001595 |
| Woodie | -0.000065 | 0.000636 | 0.000871 | 0.001571 | 0.001806 | 0.002506 | 0.002741 |
| Fibonacci | 0.000714 | 0.001071 | 0.001292 | 0.001649 | 0.002006 | 0.002227 | 0.002584 |
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): | 54.78 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | 4.535604 | |
| AROON (14): | 21.428574 | |
| DEMA (21): | 0.001135 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.001073 | |
| Elder Ray (13): | 0.000078 | |
| Super Trend (3,10): | 0.001013 | |
| Zig ZAG (10): | 0.001398 | |
| VORTEX (21): | 0.9563 | |
| Stochastique (14,3,5): | 69.33 | |
| TEMA (21): | 0.001193 | |
| Williams %R (14): | -2.50 | |
| Chande Momentum Oscillator (20): | 0.000136 | |
| Repulse (5,40,3): | 22.3705 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -1.2067 | |
| Courbe Coppock: | 10.65 |
| MA7: | 0.001193 | |
| MA20: | 0.001234 | |
| MA50: | 0.001531 | |
| MA100: | 0.002040 | |
| MAexp7: | 0.001242 | |
| MAexp20: | 0.001269 | |
| MAexp50: | 0.001516 | |
| MAexp100: | 0.001820 | |
| Price / MA7: | +16.18% | |
| Price / MA20: | +12.32% | |
| Price / MA50: | -9.47% | |
| Price / MA100: | -32.06% | |
| Price / MAexp7: | +11.59% | |
| Price / MAexp20: | +9.22% | |
| Price / MAexp50: | -8.58% | |
| Price / MAexp100: | -23.85% |
Quotes :
2020-11-23 21:21:31
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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.
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