• The crypto’s price is also characterized by small body candlesticks like the Doji and the Spinning tops.
• The small body candlestick contributes to choppy price action.

BAT /USD Medium-term Trend: Ranging

• Resistance Levels: $0.36, $0.38, $0.40
• Support Levels: $0.32, $0.30, $0.28

Yesterday,June 26, the price of BAT was in a sideways trend. There had been no sihnificant price changes as the crypto is ranging. The moving averages were sloping horizontally in between price range. The direction of the BAT market was towards the lower price range. Last week, June 15, the bulls made an upward move above the EMAs and tested the $0.36 price level.

The bulls were resisted as the price fell below the EMAs The crypto’s price is below the EMAs which suggest that price is likely to fall. 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. Meanwhile, the BAT price is in the oversold region of the daily stochastic but above the 20% range. This indicates the price is in a bullish momentum and a buy signal.

BAT/USD Short-term Trend: Ranging

On the 1-hour chart, the price of BAT is in a sideways trend zone. The moving averages are sloping horizontally. On June 23, the bulls were resisted at the $0.34 price level as the price fell to the support $0.32 price level. Meanwhile, the BAT price is in the oversold region of the daily stochastic but above 20% range. This indicates that price is a bullish momentum and a buy signal.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.