BITSHARES - BTS/USDT - 1H - Technical analysis published on 11/28/2019 (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:
Bullish
De fond:
Strongly bullish
Technical indicators
33%
44%
22%
My opinion
Bullish above 0.020427 USDT
My targets
0.021507 USDT (+0.41%)
0.022000 USDT (+2.71%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BITSHARES - BTS/USDT as long as the price remains well above 0.020427 USDT. The buyers” bullish objective is set at 0.021507 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.022000 USDT. If there is any crossing, the next objective would be the resistance located at 0.022796 USDT. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
FORCE
0
10
4.6
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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 price is 0.021420 USDT. The price has increased by +0.23% since the last closing and was between 0.021200 USDT and 0.021600 USDT. This implies that the price is at +1.04% from its lowest and at -0.83% from its highest.0.021200
0.021600
0.021420
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of BITSHARES - BTS/USDT indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 6 are bullish, 4 are neutral and 8 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.018640 | 0.019730 | 0.020427 | 0.021420 | 0.021507 | 0.022000 | 0.022796 |
| Change (%) | -12.98% | -7.89% | -4.64% | - | +0.41% | +2.71% | +6.42% |
| Change | -0.002780 | -0.001690 | -0.000993 | - | +0.000087 | +0.000580 | +0.001376 |
| Level | Minor | Minor | Minor | - | Major | Major | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.017413 | 0.018457 | 0.019913 | 0.020957 | 0.022413 | 0.023457 | 0.024913 |
| Camarilla | 0.020683 | 0.020912 | 0.021141 | 0.021370 | 0.021599 | 0.021828 | 0.022058 |
| Woodie | 0.017620 | 0.018560 | 0.020120 | 0.021060 | 0.022620 | 0.023560 | 0.025120 |
| Fibonacci | 0.018457 | 0.019412 | 0.020002 | 0.020957 | 0.021912 | 0.022502 | 0.023457 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.011590 | 0.015660 | 0.018550 | 0.022620 | 0.025510 | 0.029580 | 0.032470 |
| Camarilla | 0.019526 | 0.020164 | 0.020802 | 0.021440 | 0.022078 | 0.022716 | 0.023354 |
| Woodie | 0.011000 | 0.015365 | 0.017960 | 0.022325 | 0.024920 | 0.029285 | 0.031880 |
| Fibonacci | 0.015660 | 0.018319 | 0.019961 | 0.022620 | 0.025279 | 0.026921 | 0.029580 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 55.67 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 0.012684 | |
| AROON (14): | -85.714287 | |
| DEMA (21): | 0.021531 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.021777 | |
| Elder Ray (13): | 0.000028 | |
| Super Trend (3,10): | 0.020715 | |
| Zig ZAG (10): | 0.021400 | |
| VORTEX (21): | 1.1723 | |
| Stochastique (14,3,5): | 27.15 | |
| TEMA (21): | 0.021525 | |
| Williams %R (14): | -66.67 | |
| Chande Momentum Oscillator (20): | -0.000120 | |
| Repulse (5,40,3): | 0.4353 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1525 | |
| Courbe Coppock: | 1.06 |
| MA7: | 0.020871 | |
| MA20: | 0.024145 | |
| MA50: | 0.026184 | |
| MA100: | 0.029416 | |
| MAexp7: | 0.021392 | |
| MAexp20: | 0.021295 | |
| MAexp50: | 0.021003 | |
| MAexp100: | 0.020971 | |
| Price / MA7: | +2.63% | |
| Price / MA20: | -11.29% | |
| Price / MA50: | -18.19% | |
| Price / MA100: | -27.18% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | +0.59% | |
| Price / MAexp50: | +1.99% | |
| Price / MAexp100: | +2.14% |
This member declared not having a position on this financial instrument or a related financial instrument.
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