BITSHARES - BTS/USDT - Daily - Technical analysis published on 12/26/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 0.016383 USDT
My targets
0.012723 USDT (-15.74%)
0.011757 USDT (-22.14%)
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 0.016383 USDT. The sellers” bearish objective is set at 0.012723 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.011757 USDT. In case of crossing, the next objective would be the support located at 0.004873 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
7.5
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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
BITSHARES - BTS/USDT rating 0.015100 USDT. On the day, this instrument lost -0.07% and was traded between 0.015050 USDT and 0.015300 USDT over the period. The price is currently at +0.33% from its lowest and -1.31% from its highest.0.015050
0.015300
0.015100
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this BITSHARES - BTS/USDT chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 11 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 0.015100 | 0.029655 | 0.039722 | 0.062150 |
| Change (%) | - | +96.39% | +163.06% | +311.59% |
| Change | - | +0.014555 | +0.024622 | +0.047050 |
| Level | - | Intermediate | Intermediate | Minor |
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 | 0.014487 | 0.014763 | 0.014937 | 0.015213 | 0.015387 | 0.015663 | 0.015837 |
| Camarilla | 0.014986 | 0.015028 | 0.015069 | 0.015110 | 0.015151 | 0.015193 | 0.015234 |
| Woodie | 0.014435 | 0.014738 | 0.014885 | 0.015188 | 0.015335 | 0.015638 | 0.015785 |
| Fibonacci | 0.014763 | 0.014935 | 0.015041 | 0.015213 | 0.015385 | 0.015491 | 0.015663 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.010587 | 0.012723 | 0.014217 | 0.016353 | 0.017847 | 0.019983 | 0.021477 |
| Camarilla | 0.014712 | 0.015045 | 0.015377 | 0.015710 | 0.016043 | 0.016376 | 0.016708 |
| Woodie | 0.010265 | 0.012563 | 0.013895 | 0.016193 | 0.017525 | 0.019823 | 0.021155 |
| Fibonacci | 0.012723 | 0.014110 | 0.014967 | 0.016353 | 0.017740 | 0.018597 | 0.019983 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.004873 | 0.011757 | 0.016383 | 0.023267 | 0.027893 | 0.034777 | 0.039403 |
| Camarilla | 0.017845 | 0.018900 | 0.019955 | 0.021010 | 0.022065 | 0.023120 | 0.024175 |
| Woodie | 0.003745 | 0.011193 | 0.015255 | 0.022703 | 0.026765 | 0.034213 | 0.038275 |
| Fibonacci | 0.011757 | 0.016154 | 0.018870 | 0.023267 | 0.027664 | 0.030380 | 0.034777 |
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): | 23.52 | |
| MACD (12,26,9): | -0.0017 | |
| Directional Movement: | -30.706853 | |
| AROON (14): | -42.857143 | |
| DEMA (21): | 0.014935 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.014955 | |
| Elder Ray (13): | -0.001173 | |
| Super Trend (3,10): | 0.017532 | |
| Zig ZAG (10): | 0.015100 | |
| VORTEX (21): | 0.7100 | |
| Stochastique (14,3,5): | 7.73 | |
| TEMA (21): | 0.014798 | |
| Williams %R (14): | -94.34 | |
| Chande Momentum Oscillator (20): | -0.003390 | |
| Repulse (5,40,3): | -5.0546 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.1942 | |
| Courbe Coppock: | 38.81 |
| MA7: | 0.015616 | |
| MA20: | 0.017381 | |
| MA50: | 0.021019 | |
| MA100: | 0.024718 | |
| MAexp7: | 0.015642 | |
| MAexp20: | 0.017195 | |
| MAexp50: | 0.020410 | |
| MAexp100: | 0.025171 | |
| Price / MA7: | -3.30% | |
| Price / MA20: | -13.12% | |
| Price / MA50: | -28.16% | |
| Price / MA100: | -38.91% | |
| Price / MAexp7: | -3.47% | |
| Price / MAexp20: | -12.18% | |
| Price / MAexp50: | -26.02% | |
| Price / MAexp100: | -40.01% |
This member declared not having a position on this financial instrument or a related financial instrument.
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