Basic Attention Token (BAT)

Current price: $ 0.39

24 hours price change: $ -0.03 (-6.20%)

Basic Attention Token - Average Directional Index

The Average Directional indicator (or ADX) is a directional trading indicator that is used to identify a technical trend, in this case of the Basic Attention Token. The trend that is being identified, can be both a positive trend as a negative trend in the pricedevelopment of Basic Attention Token.

The ADX was primarily developed for commodities, however it is also in use for stock and currency technical analysis, as well as for Basic Attention Token. In this continuously updated article, we will explain the meaning and current trend of Basic Attention Token. The current ADX analysis is based on the historical prices of Basic Attention Token until May 24th, 2022.

In the chart below, the strength the trend is drawn, as well as the positive and negative directional indicators. The ADX (Average Directional Index) is the black line. The positive directional indicator (+DI) is the green line, and the negative directional indicator (-DI) is drawn in red.

Price chart for Basic Attention Token from 11/23/2021 until 05/24/2022.

In the chart above, the development of the price for Basic Attention Token is shown for the period from 11/23/2021 until 05/24/2022. This same timeframe has been used in the average directional indicator chart below.

Average directional indicator for Basic Attention Token until 05/24/2022.

In the charts above, you can see the trends of the ADX, +DI and -DI. The current values of these three indicators for the Basic Attention Token are listed in the table below.

Basic Attention Token average directional index 28.96
Basic Attention Token positive directional indicator 34.90
Basic Attention Token negative directional indicator 61.41

 

Several signals can be gained from the chart above. First of all, the green line gives us an indication of the positive trend. The opposite line, the red one, indicates the negative trend for Basic Attention Token.

When the green line tops the red line, the Basic Attention Token is in a positive trend. However, when the situation turns around, the trend has also changed to a negative trend for Basic Attention Token.

Furthermore, the black line gives the strength of the current trend of Basic Attention Token, both positive and negative. The higher the black line (ADX), the stronger the trend.

Basic Attention Token ADX score

The Average Directional Index (ADX) is used to measure the strength or weakness of a trend, not the actual direction. In general, when the positive directional indicator is higher than the negative directional in indicator, the trend of Basic Attention Token is assumed to be positive. An important signal is when the -DI (red line) and +DI (green line) crosses over.

The current directional indicator gives a negative signal for Basic Attention Token. The positive directional indicator for Basic Attention Token is 34.90, which is lower than the negative directional indicator (61.41). Therefore, the trend that Basic Attention Token follows is negative.

The current ADX value is 28.96, which tells us that the current trend is strong. Using these values, we can asume that the Basic Attention Token will continue its downwards trend. In short, the current average directional index gives us a selling signal for the Basic Attention Token. However, you should always be aware, since trends are changing from time to time.

 

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