$BAN (Basicnet) Price Analysis
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• 📈 Technical Analysis (TA) – Basicnet’s Price Targets

I'm going to help you getting a better view of Basicnet. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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Technical Analysis of Basicnet
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Basicnet. The general trend of Basicnet is BEARISH with 28.6% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Basicnet's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

1. Basicnet Price Targets

1.1 sr

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Score

Let's take a look at the sr of Basicnet.

• The price is trading between support and resistance lines.

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2. Trend Indicators

2.1 Moving Averages

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Score

Let's take a look at the Moving Averages of Basicnet.

• The SHORT shows weakening trend behaviour.
• Price action is supported by the SHORT.
• The SHORT is lagging behind the MEDIUM, indicating weaker trend alignment.
• The SHORT is leading the INTER, indicating positive trend alignment.
• The SHORT is lagging behind the LONG, indicating weaker trend alignment.
• The MEDIUM shows a strengthening upward trend.
• Price action is trading under pressure relative to the MEDIUM.
• The MEDIUM is leading the INTER, indicating positive trend alignment.
• The MEDIUM is lagging behind the LONG, indicating weaker trend alignment.
• The INTER shows weakening trend behaviour.
• Price action is supported by the INTER.
• The INTER is lagging behind the LONG, indicating weaker trend alignment.
• The LONG shows weakening trend behaviour.
• Price action is trading under pressure relative to the LONG.

Directionalities and relatives.

Moving Average	Trend	Price	vs. MEDIUM	vs. INTER	vs. LONG
SHORT
MEDIUM
INTER
LONG

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

2.2 Moving Average Convergence/Divergence (MACD)

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Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Basicnet.

• Momentum is leaning bearish. Selling pressure outweighs buying interest, indicating increased caution and reduced risk appetite among market participants.
• Overall momentum is negative. Market conditions reflect cautious sentiment, with sellers exerting more influence and limiting upside progress for Basicnet.
• Momentum is improving. Bullish pressure is strengthening as confidence builds and market participants position for potential continuation.

2.3 Directional Movement Index (DMI)

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Score

Let's take a look at the Directional Movement Index (DMI) of Basicnet.

• Directional bias favors buyers. Buying pressure currently dominates selling pressure, reflecting constructive sentiment and growing confidence among market participants.
• Directional bias is mildly bullish, but overall trend conditions remain weak and lack clear conviction.

2.4 Parabolic SAR

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Score

Let's take a look at the Parabolic SAR of Basicnet.

• Price action is under pressure relative to the prevailing trend structure, which is commonly interpreted as a bearish market signal.

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3. Momentum Indicators

3.1 Relative Strength Index (RSI)

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Score

Let's take a look at the Relative Strength Index (RSI) of Basicnet. The current phase is Continuation in bear market.

• Downtrend continues after a consolidation or pullback. Hold or add to short positions.
• Momentum is improving as buying interest gradually strengthens.

3.2 Stochastic Oscillator

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Score

Let's take a look at the Stochastic Oscillator of Basicnet. The current phase is Correction in bear market.

• Momentum favors buyers, indicating constructive short-term market participation.
• Momentum is leaning bullish, with buying pressure currently dominating selling interest and supporting positive short-term sentiment for Basicnet.
• Momentum is improving as buying interest strengthens and short-term sentiment turns more positive.

3.3 Commodity Channel Index (CCI)

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Score

Let's take a look at the Commodity Channel Index (CCI) of Basicnet.

3.4 Chande Momentum Oscillator (CMO)

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Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Basicnet.

• Momentum is leaning negative, indicating cautious market conditions and increasing downside participation.

3.5 Williams %R

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Score

Let's take a look at the Williams %R of Basicnet.

• Momentum appears balanced, with neither buyers nor sellers showing a clear advantage in the current market environment.

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4. Volatility Indicators

4.1 Bollinger Bands

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Score

Let's take a look at the Bollinger Bands of Basicnet.

4.2 Average True Range (ATR)

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Score

Let's take a look at the Average True Range (ATR) of Basicnet.

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5. Volume Indicators

5.1 On-Balance Volume (OBV)

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Score

Let's take a look at the On-Balance Volume (OBV) of Basicnet.

5.2 Money Flow Index (MFI)

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Score

Let's take a look at the Money Flow Index (MFI) of Basicnet.

• Money flow favors sellers, indicating reduced buying interest and growing downside pressure.

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6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Basicnet.

6.3. Candlestick Patterns

Date	Candlestick Pattern