BYTECOIN - BCN/USDT - Daily - Technical analysis published on 12/04/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 0.000331 USDT
My targets
0.000292 USDT (-5.90%)
0.000250 USDT (-19.35%)
My analysis
BYTECOIN - BCN/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.000331 USDT. The next support located at 0.000292 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.000250 USDT. Below this support, sellers could then target 0.000182 USDT. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
6.3
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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
BYTECOIN - BCN/USDT rating 0.000310 USDT. The price registered a decrease of -0.96% on the session with the lowest point at 0.000224 USDT and the highest point at 0.000332 USDT. The deviation from the price is +38.39% for the low point and -6.63% for the high point.0.000224
0.000332
0.000310
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:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of BYTECOIN - BCN/USDT indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 6 are bullish, 5 are neutral and 7 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 0.000310 | 0.000331 | 0.000505 | 0.000704 |
| Change (%) | - | +6.77% | +62.90% | +127.10% |
| Change | - | +0.000021 | +0.000195 | +0.000394 |
| Level | - | Minor | Minor | 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 | 0.000245 | 0.000266 | 0.000290 | 0.000311 | 0.000335 | 0.000356 | 0.000380 |
| Camarilla | 0.000301 | 0.000305 | 0.000309 | 0.000313 | 0.000317 | 0.000321 | 0.000325 |
| Woodie | 0.000246 | 0.000267 | 0.000291 | 0.000312 | 0.000336 | 0.000357 | 0.000381 |
| Fibonacci | 0.000266 | 0.000284 | 0.000294 | 0.000311 | 0.000329 | 0.000339 | 0.000356 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.000244 | 0.000265 | 0.000292 | 0.000313 | 0.000340 | 0.000361 | 0.000388 |
| Camarilla | 0.000305 | 0.000309 | 0.000314 | 0.000318 | 0.000322 | 0.000327 | 0.000331 |
| Woodie | 0.000246 | 0.000267 | 0.000294 | 0.000315 | 0.000342 | 0.000363 | 0.000390 |
| Fibonacci | 0.000265 | 0.000284 | 0.000295 | 0.000313 | 0.000332 | 0.000343 | 0.000361 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.000077 | 0.000182 | 0.000250 | 0.000355 | 0.000423 | 0.000528 | 0.000596 |
| Camarilla | 0.000270 | 0.000286 | 0.000302 | 0.000318 | 0.000334 | 0.000350 | 0.000366 |
| Woodie | 0.000059 | 0.000173 | 0.000232 | 0.000346 | 0.000405 | 0.000519 | 0.000578 |
| Fibonacci | 0.000182 | 0.000248 | 0.000289 | 0.000355 | 0.000421 | 0.000462 | 0.000528 |
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): | 39.35 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -19.175252 | |
| AROON (14): | -100.000000 | |
| DEMA (21): | 0.000309 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.000333 | |
| Elder Ray (13): | -0.000045 | |
| Super Trend (3,10): | 0.000408 | |
| Zig ZAG (10): | 0.000310 | |
| VORTEX (21): | 0.8254 | |
| Stochastique (14,3,5): | 49.63 | |
| TEMA (21): | 0.000306 | |
| Williams %R (14): | -32.81 | |
| Chande Momentum Oscillator (20): | -0.000005 | |
| Repulse (5,40,3): | 17.1568 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.7054 | |
| Courbe Coppock: | 18.29 |
| MA7: | 0.000319 | |
| MA20: | 0.000332 | |
| MA50: | 0.000363 | |
| MA100: | 0.000414 | |
| MAexp7: | 0.000317 | |
| MAexp20: | 0.000332 | |
| MAexp50: | 0.000366 | |
| MAexp100: | 0.000431 | |
| Price / MA7: | -2.82% | |
| Price / MA20: | -6.63% | |
| Price / MA50: | -14.60% | |
| Price / MA100: | -25.12% | |
| Price / MAexp7: | -2.21% | |
| Price / MAexp20: | -6.63% | |
| Price / MAexp50: | -15.30% | |
| Price / MAexp100: | -28.07% |
This member declared not having a position on this financial instrument or a related financial instrument.
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