Basic Attention Token / US Dollar Cryptocurrency Forecast
Big movements in Basic Attention Token / US Dollar cryptocurrency price on Monday moving 27.95% between high and low
(Updated on May 20, 2024)
The Basic Attention Token / US Dollar cryptocurrency price gained 2.79% on the last trading day (Monday, 20th May 2024), rising from $0.244 to $0.251. During the last trading day the cryptocurrency fluctuated 27.95% from a day low at $0.232 to a day high of $0.296. The price has risen in 5 of the last 10 days and is up by 5.68% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 15 million more shares were traded than the day before. In total, 15 million shares were bought and sold for approximately $3.84 million.
The cryptocurrency lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the cryptocurrency is expected to fall -21.36% during the next 3 months and, with a 90% probability hold a price between $0.173 and $0.242 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
BATUSD Signals & Forecast
Mostly positive signals in the chart today. The Basic Attention Token / US Dollar cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the cryptocurrency has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.236 and $0.246. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, May 14, 2024, and so far it has risen 11.52%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Basic Attention Token / US Dollar cryptocurrency
Basic Attention Token / US Dollar finds support from accumulated volume at $0.251 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This cryptocurrency has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the cryptocurrency moved $0.0647 between high and low, or 27.95%. For the last week, the cryptocurrency has had daily average volatility of 6.68%.
Our recommended stop-loss: $0.241 (-3.90%) (This cryptocurrency has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 68 days ago.)
Trading Expectations (BATUSD) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Basic Attention Token / US Dollar to open at $0.260, and during the day (based on 14 day Average True Range), to move between $0.233 and $0.269, which gives a possible trading interval of +/-$0.0179 (+/-7.11%) up or down from last closing price. If Basic Attention Token / US Dollar takes out the full calculated possible swing range there will be an estimated 14.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.251 (0.25%) than the resistance at $0.286 (13.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Basic Attention Token / US Dollar cryptocurrency A Buy?
Several short-term signals are positive, despite the cryptocurrency being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for cryptocurrency to perform well in the short-term. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Sell to a Buy candidate.
Current score: 2.534 Buy Candidate Upgraded
Predicted Opening Price for Basic Attention Token / US Dollar of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $0.260 ( 3.37%) | $0.251 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BATUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.324 | 29.13 % | |
| R2 | 0.300 | 19.29 % | ||
| R1 | 0.284 | 13.21 % | ||
| Current price: | 0.251 | |||
| Support | S1 | 0.235 | -6.47 % | |
| S2 | 0.220 | -12.55 % | ||
| S3 | 0.195 | -22.39 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.305 | 21.37 % | |
| R2 | 0.288 | 14.76 % | ||
| R1 | 0.286 | 13.68 % | ||
| Current price | 0.251 | |||
| Support | S1 | 0.251 | -0.251% | |
| S2 | 0.250 | -0.378% | ||
| S3 | 0.225 | -10.33% |
FAQ
Click here for our free guide on how to buy Basic Attention Token / US Dollar Cryptocurrency.
