BITSHARES - BTS/USDT - 1H - Technical analysis published on 11/07/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 0.029389 USDT
My targets
0.029204 USDT (-0.23%)
0.028400 USDT (-2.97%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BITSHARES - BTS/USDT as long as the price remains well below 0.029389 USDT. The sellers” bearish objective is set at 0.029204 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.028400 USDT. In case of crossing, the next objective would be the support located at 0.027830 USDT.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
3.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITSHARES - BTS/USDT rating is 0.029270 USDT. The price registered a decrease of -1.71% on the session with the lowest point at 0.029000 USDT and the highest point at 0.029800 USDT. The deviation from the price is +0.93% for the low point and -1.78% for the high point.0.029000
0.029800
0.029270
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this BITSHARES - BTS/USDT chart shows a bearish trend. 64.29% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Moving Average bearish crossovers : AMA20 & AMA50
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 6 are neutral and 8 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.027830 | 0.028400 | 0.029204 | 0.029270 | 0.029389 | 0.029599 | 0.029814 |
| Change (%) | -4.92% | -2.97% | -0.23% | - | +0.41% | +1.12% | +1.86% |
| Change | -0.001440 | -0.000870 | -0.000066 | - | +0.000119 | +0.000329 | +0.000544 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.028320 | 0.028760 | 0.029270 | 0.029710 | 0.030220 | 0.030660 | 0.031170 |
| Camarilla | 0.029519 | 0.029606 | 0.029693 | 0.029780 | 0.029867 | 0.029954 | 0.030041 |
| Woodie | 0.028355 | 0.028778 | 0.029305 | 0.029728 | 0.030255 | 0.030678 | 0.031205 |
| Fibonacci | 0.028760 | 0.029123 | 0.029347 | 0.029710 | 0.030073 | 0.030297 | 0.030660 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.022733 | 0.025117 | 0.027063 | 0.029447 | 0.031393 | 0.033777 | 0.035723 |
| Camarilla | 0.027819 | 0.028216 | 0.028613 | 0.029010 | 0.029407 | 0.029804 | 0.030201 |
| Woodie | 0.022515 | 0.025008 | 0.026845 | 0.029338 | 0.031175 | 0.033668 | 0.035505 |
| Fibonacci | 0.025117 | 0.026771 | 0.027793 | 0.029447 | 0.031101 | 0.032123 | 0.033777 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.016617 | 0.020263 | 0.024537 | 0.028183 | 0.032457 | 0.036103 | 0.040377 |
| Camarilla | 0.026632 | 0.027358 | 0.028084 | 0.028810 | 0.029536 | 0.030262 | 0.030988 |
| Woodie | 0.016930 | 0.020420 | 0.024850 | 0.028340 | 0.032770 | 0.036260 | 0.040690 |
| Fibonacci | 0.020263 | 0.023289 | 0.025158 | 0.028183 | 0.031209 | 0.033078 | 0.036103 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 43.40 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -6.142156 | |
| AROON (14): | -50.000000 | |
| DEMA (21): | 0.029232 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.029400 | |
| Elder Ray (13): | -0.000089 | |
| Super Trend (3,10): | 0.029053 | |
| Zig ZAG (10): | 0.029100 | |
| VORTEX (21): | 0.8330 | |
| Stochastique (14,3,5): | 30.43 | |
| TEMA (21): | 0.029125 | |
| Williams %R (14): | -66.67 | |
| Chande Momentum Oscillator (20): | -0.000180 | |
| Repulse (5,40,3): | 0.0555 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 2.22 |
| MA7: | 0.029189 | |
| MA20: | 0.027797 | |
| MA50: | 0.028282 | |
| MA100: | 0.033302 | |
| MAexp7: | 0.029250 | |
| MAexp20: | 0.029365 | |
| MAexp50: | 0.029398 | |
| MAexp100: | 0.029294 | |
| Price / MA7: | +0.28% | |
| Price / MA20: | +5.30% | |
| Price / MA50: | +3.49% | |
| Price / MA100: | -12.11% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | -0.32% | |
| Price / MAexp50: | -0.44% | |
| Price / MAexp100: | -0.08% |
This member declared not having a position on this financial instrument or a related financial instrument.
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