BASIC ATTENTION TOKEN - BAT/USD - 1H - Technical analysis published on 01/17/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 0.220926 USD
My targets
0.237648 USD (+3.15%)
0.251268 USD (+9.06%)
My analysis
A bullish trend on BASIC ATTENTION TOKEN - BAT/USD both in substance and in the short term. A purchase could be considered as long as the price remains above 0.220926 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 0.237648 USD. Then the price could move towards 0.251268 USD. Then 0.311321 USD by extension. Be careful, a return below 0.220926 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
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
0
10
5
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Additional analysis
Quotes
The BASIC ATTENTION TOKEN - BAT/USD price is 0.230394 USD. The price is lower by -0.06% since the last closing and was traded between 0.225981 USD and 0.233017 USD over the period. The price is currently at +1.95% from its lowest and -1.13% from its highest.0.225981
0.233017
0.230394
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of BASIC ATTENTION TOKEN - BAT/USD indicates that the overall trend is bullish. The signals given by moving averages are 78.57% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, only 9 technical indicators out of 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 0.197702 | 0.208293 | 0.220926 | 0.230394 | 0.237648 | 0.311321 | 0.358044 |
| Change (%) | -14.19% | -9.59% | -4.11% | - | +3.15% | +35.13% | +55.41% |
| Change | -0.032692 | -0.022101 | -0.009468 | - | +0.007254 | +0.080927 | +0.127650 |
| Level | Minor | Minor | Major | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.202094 | 0.211541 | 0.221036 | 0.230483 | 0.239978 | 0.249425 | 0.258920 |
| Camarilla | 0.225323 | 0.227059 | 0.228796 | 0.230532 | 0.232268 | 0.234005 | 0.235741 |
| Woodie | 0.202119 | 0.211553 | 0.221061 | 0.230495 | 0.240003 | 0.249437 | 0.258945 |
| Fibonacci | 0.211541 | 0.218777 | 0.223247 | 0.230483 | 0.237719 | 0.242189 | 0.249425 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.128646 | 0.153411 | 0.189957 | 0.214722 | 0.251268 | 0.276033 | 0.312579 |
| Camarilla | 0.209642 | 0.215262 | 0.220882 | 0.226502 | 0.232122 | 0.237742 | 0.243363 |
| Woodie | 0.134536 | 0.156356 | 0.195847 | 0.217667 | 0.257158 | 0.278978 | 0.318469 |
| Fibonacci | 0.153411 | 0.176832 | 0.191302 | 0.214722 | 0.238143 | 0.252613 | 0.276033 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.047446 | 0.103915 | 0.135191 | 0.191660 | 0.222936 | 0.279405 | 0.310681 |
| Camarilla | 0.142336 | 0.150379 | 0.158423 | 0.166466 | 0.174509 | 0.182553 | 0.190596 |
| Woodie | 0.034849 | 0.097617 | 0.122594 | 0.185362 | 0.210339 | 0.273107 | 0.298084 |
| Fibonacci | 0.103915 | 0.137434 | 0.158142 | 0.191660 | 0.225179 | 0.245887 | 0.279405 |
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): | 57.36 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | -1.219416 | |
| AROON (14): | -14.285714 | |
| DEMA (21): | 0.229626 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.226854 | |
| Elder Ray (13): | 0.000996 | |
| Super Trend (3,10): | 0.225588 | |
| Zig ZAG (10): | 0.231239 | |
| VORTEX (21): | 1.0285 | |
| Stochastique (14,3,5): | 57.92 | |
| TEMA (21): | 0.229584 | |
| Williams %R (14): | -52.47 | |
| Chande Momentum Oscillator (20): | -0.000268 | |
| Repulse (5,40,3): | 0.5032 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0189 | |
| Courbe Coppock: | 0.53 |
| MA7: | 0.220256 | |
| MA20: | 0.192442 | |
| MA50: | 0.202652 | |
| MA100: | 0.235144 | |
| MAexp7: | 0.229765 | |
| MAexp20: | 0.229561 | |
| MAexp50: | 0.228700 | |
| MAexp100: | 0.223711 | |
| Price / MA7: | +4.60% | |
| Price / MA20: | +19.72% | |
| Price / MA50: | +13.69% | |
| Price / MA100: | -2.02% | |
| Price / MAexp7: | +0.27% | |
| Price / MAexp20: | +0.36% | |
| Price / MAexp50: | +0.74% | |
| Price / MAexp100: | +2.99% |
Quotes :
-
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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