BAT Price Analysis: 30 October

[sneakyboi]

BAT Price Analysis: 30 October

With over 6% in losses since yesterday, strong selling pressures could last longer in the Basic Attention Token




The Aroon Indicator gave a strong sell signal, with the Aroon down (Blue) rising above the Aroon Up (orange).

The event coincided with Basic Attention Token diving below two of its support turned resistance levels at $ 0.186 and thereafter the $0.181 levels.

A fall in the buying volume as noted by the OBV technical indicator, also ruled out any price reversal possibility, due to a lack of immediate buying strength.

In fact, the recent 8% dip over the last 24 hours in Basic Attention Token hinted towards the short- term period being controlled by the bears. This left room for a further downside towards the next support at the $0.174 level.


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