Basic Attention Token Price Prediction Today: Daily (BAT) Value Forecast – July 12
- The BAT /USD pair trades between the levels of $0.30 and $0.40.
- The crypto’s price is also characterized by small body candlesticks like the Doji and the Spinning tops
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 trades between the levels of $0.30 and $0.40. There had been no significant price change in the last 24 hours. 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 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 choppy price action. The candlestick also 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 =$0.7808 change ~ 25.51%
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.