BASIC ATTENTION TOKEN - BAT/USD - 1H - Technical analysis published on 07/14/2023 (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:
Strongly bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 0.208920 USD
My targets
0.219265 USD (+2.68%)
0.240083 USD (+12.42%)
My analysis
BASIC ATTENTION TOKEN - BAT/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.208920 USD. The next resistance located at 0.219265 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.240083 USD. After this resistance, buyers could then target 0.257416 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.3
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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 0.213550 USD. The price registered a decrease of -0.06% on the session and was between 0.212214 USD and 0.215816 USD. This implies that the price is at +0.63% from its lowest and at -1.05% from its highest.0.212214
0.215816
0.213550
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BASIC ATTENTION TOKEN - BAT/USD:
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 strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.190946 | 0.198315 | 0.208920 | 0.213550 | 0.214597 | 0.219265 | 0.257416 |
| Change (%) | -10.58% | -7.13% | -2.17% | - | +0.49% | +2.68% | +20.54% |
| Change | -0.022604 | -0.015235 | -0.004630 | - | +0.001047 | +0.005715 | +0.043866 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Intermediate | Minor |
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 | 0.165538 | 0.178271 | 0.195974 | 0.208707 | 0.226410 | 0.239143 | 0.256846 |
| Camarilla | 0.205307 | 0.208097 | 0.210887 | 0.213677 | 0.216467 | 0.219257 | 0.222047 |
| Woodie | 0.168023 | 0.179514 | 0.198459 | 0.209950 | 0.228895 | 0.240386 | 0.259331 |
| Fibonacci | 0.178271 | 0.189898 | 0.197080 | 0.208707 | 0.220334 | 0.227516 | 0.239143 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.145910 | 0.165637 | 0.177301 | 0.197028 | 0.208692 | 0.228419 | 0.240083 |
| Camarilla | 0.180333 | 0.183210 | 0.186088 | 0.188965 | 0.191843 | 0.194720 | 0.197598 |
| Woodie | 0.141879 | 0.163621 | 0.173270 | 0.195012 | 0.204661 | 0.226403 | 0.236052 |
| Fibonacci | 0.165637 | 0.177628 | 0.185037 | 0.197028 | 0.209019 | 0.216428 | 0.228419 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.087029 | 0.118073 | 0.158683 | 0.189727 | 0.230337 | 0.261381 | 0.301991 |
| Camarilla | 0.179588 | 0.186156 | 0.192725 | 0.199293 | 0.205861 | 0.212430 | 0.218998 |
| Woodie | 0.091812 | 0.120465 | 0.163466 | 0.192119 | 0.235120 | 0.263773 | 0.306774 |
| Fibonacci | 0.118073 | 0.145445 | 0.162355 | 0.189727 | 0.217099 | 0.234009 | 0.261381 |
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): | 74.89 | |
| MACD (12,26,9): | 0.0045 | |
| Directional Movement: | 35.810170 | |
| AROON (14): | 42.857143 | |
| DEMA (21): | 0.215248 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.220912 | |
| Elder Ray (13): | 0.002484 | |
| Super Trend (3,10): | 0.205795 | |
| Zig ZAG (10): | 0.213985 | |
| VORTEX (21): | 1.2377 | |
| Stochastique (14,3,5): | 56.40 | |
| TEMA (21): | 0.216895 | |
| Williams %R (14): | -50.81 | |
| Chande Momentum Oscillator (20): | 0.003504 | |
| Repulse (5,40,3): | -0.1293 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3293 | |
| Courbe Coppock: | 10.99 |
| MA7: | 0.197938 | |
| MA20: | 0.197501 | |
| MA50: | 0.195235 | |
| MA100: | 0.221599 | |
| MAexp7: | 0.213627 | |
| MAexp20: | 0.209447 | |
| MAexp50: | 0.202988 | |
| MAexp100: | 0.198658 | |
| Price / MA7: | +7.89% | |
| Price / MA20: | +8.13% | |
| Price / MA50: | +9.38% | |
| Price / MA100: | -3.63% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | +1.96% | |
| Price / MAexp50: | +5.20% | |
| Price / MAexp100: | +7.50% |
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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