Basic Attention Token Price Prediction Today: Daily (BAT) Value Forecast – July 11
- The BAT /USD pair is still in a range bound move between the levels of $0.30 and $0.40.
- Traders should look out for a buy setup in order to initiate long trades.
BAT /USD Medium-term Trend: Ranging
- Resistance Levels: $0.36, $0.38, $0.40
- Support Levels: $0.32, $0.30, $0.28
The BAT /USD pair is still in a range bound move between the levels of $0.30 and $0.40. The pair is yet to experience any breakout in the last two months. All the false breakouts have retraced back to the range bound zone. The 12-day EMA and the 26-day EMA were sloping horizontally in between the price range. The crypto’s price is also characterized by small body candlesticks like the Doji and the Spinning tops.
The candlesticks described the indecision between the buyers and the sellers at the current market price. The small body candlestick contributes to the choppy price action. The small body candlestick contributes to poor price movement. Their continued presence will determine the duration of the range bound movement. Meanwhile, the BAT price is in the oversold region of the daily stochastic but below the 40% range. This indicates the price is in a bearish momentum and a sell signal.
BAT/USD Short-term Trend: Bullish
On the 1-hour chart, the price of BAT is in a bullish trend zone. The 12-day EMA and 26-day EMA are sloping horizontally. In the daily chart, the crypto’s price is consolidating at the lower price range for a possible breakout.
Traders should look out for a buy setup in order to initiate long trades. Meanwhile, the BAT price is in the overbought region of the daily stochastic but above 60% range. This indicates that price is a bullish momentum and a buy signal.
Live Basic Attention Token (BAT) Price:
1 BAT/USD =$0.6723 change ~ -0.59%
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