BASIC ATTENTION TOKEN - BAT/USD

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- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	BATUSD
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BASIC ATTENTION TOKEN - BAT/USD - Daily - Technical analysis published on 08/18/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 0.311850 USD

My targets

0.440467 USD (+27.82%)

1.180000 USD (+242.42%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BASIC ATTENTION TOKEN - BAT/USD as long as the price remains well above 0.311850 USD. The buyers” bullish objective is set at 0.440467 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.180000 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

9.1

Comment on the analysis

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:

Additional analysis

Quotes

The BASIC ATTENTION TOKEN - BAT/USD price is 0.344604 USD. The price registered an increase of +8.29% on the session with the lowest point at 0.316725 USD and the highest point at 0.371096 USD. The deviation from the price is +8.80% for the low point and -7.14% for the high point.

0.316725

0.371096

0.344604

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by BASIC ATTENTION TOKEN - BAT/USD:

The study of the highest / lowest by the Central Records scanner shows the following results:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Technical

Technical analysis of BASIC ATTENTION TOKEN - BAT/USD in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 17 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish harami

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	0.243229	0.274524	0.311850	0.344604	0.440467	1.180000
Change (%)	-29.42%	-20.34%	-9.50%	-	+27.82%	+242.42%
Change	-0.101375	-0.070080	-0.032754	-	+0.095863	+0.835396
Level	Major	Major	Major	-	Minor	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.258381	0.278637	0.298433	0.318689	0.338485	0.358741	0.378537
Camarilla	0.307216	0.310887	0.314559	0.318230	0.321901	0.325573	0.329244
Woodie	0.258152	0.278522	0.298204	0.318574	0.338256	0.358626	0.378308
Fibonacci	0.278637	0.293937	0.303389	0.318689	0.333989	0.343441	0.358741

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.211745	0.230340	0.252368	0.270963	0.292991	0.311586	0.333614
Camarilla	0.263226	0.266949	0.270673	0.274397	0.278121	0.281845	0.285568
Woodie	0.213463	0.231198	0.254086	0.271821	0.294709	0.312444	0.335332
Fibonacci	0.230340	0.245858	0.255445	0.270963	0.286481	0.296068	0.311586

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.174978	0.202139	0.227502	0.254663	0.280026	0.307187	0.332550
Camarilla	0.238421	0.243236	0.248050	0.252865	0.257680	0.262494	0.267309
Woodie	0.174079	0.201690	0.226603	0.254214	0.279127	0.306738	0.331651
Fibonacci	0.202139	0.222203	0.234599	0.254663	0.274727	0.287123	0.307187

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):	72.78
MACD (12,26,9):	0.0158
Directional Movement:	24.775372
AROON (14):	78.571428
DEMA (21):	0.299199
Parabolic SAR (0,02-0,02-0,2):	0.263203
Elder Ray (13):	0.052746
Super Trend (3,10):	0.261912
Zig ZAG (10):	0.346414
VORTEX (21):	1.1637
Stochastique (14,3,5):	79.29
TEMA (21):	0.310132
Williams %R (14):	-21.81
Chande Momentum Oscillator (20):	0.084028
Repulse (5,40,3):	12.9131
ROCnROLL:	1
TRIX (15,9):	0.3893
Courbe Coppock:	37.50

MA7:	0.297538
MA20:	0.272192
MA50:	0.263528
MA100:	0.244210
MAexp7:	0.301852
MAexp20:	0.281511
MAexp50:	0.264659
MAexp100:	0.246993
Price / MA7:	+15.82%
Price / MA20:	+26.60%
Price / MA50:	+30.77%
Price / MA100:	+41.11%
Price / MAexp7:	+14.16%
Price / MAexp20:	+22.41%
Price / MAexp50:	+30.21%
Price / MAexp100:	+39.52%

Quotes : 2020-08-18 15:33:50 - Real time data - Cryptocompare

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

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