BITSHARES - BTS/USD

- USD (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	BTSUSD
ISIN:

BITSHARES - BTS/USD - Daily - Technical analysis published on 04/06/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

56%

11%

33%

My opinion

Bullish above 0.011079 USD

My targets

0.012458 USD (+5.32%)

0.013154 USD (+11.20%)

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/USD as long as the price remains well above 0.011079 USD. The buyers' bullish objective is set at 0.012458 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.013154 USD. If there is any crossing, the next objective would be the resistance located at 0.034272 USD. 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 confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

6.4

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

BITSHARES - BTS/USD rating 0.011829 USD. The price registered an increase of +7.62% on the session and was between 0.010639 USD and 0.012947 USD. This implies that the price is at +11.19% from its lowest and at -8.64% from its highest.

0.010639

0.012947

0.011829

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

Technical analysis of this Daily chart of BITSHARES - BTS/USD 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 is currently detecting several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

MACD indicator is back over 0

Type : Bullish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.008266	0.009903	0.011079	0.011829	0.011845	0.012458	0.013154
Change (%)	-30.12%	-16.28%	-6.34%	-	+0.14%	+5.32%	+11.20%
Change	-0.003563	-0.001926	-0.000750	-	+0.000016	+0.000629	+0.001325
Level	Minor	Major	Major	-	Major	Minor	Minor

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	0.009373	0.009981	0.010486	0.011094	0.011599	0.012207	0.012712
Camarilla	0.010685	0.010787	0.010889	0.010991	0.011093	0.011195	0.011297
Woodie	0.009322	0.009955	0.010435	0.011068	0.011548	0.012181	0.012661
Fibonacci	0.009981	0.010406	0.010669	0.011094	0.011519	0.011782	0.012207

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.008145	0.009175	0.010138	0.011168	0.012131	0.013161	0.014124
Camarilla	0.010553	0.010736	0.010918	0.011101	0.011284	0.011466	0.011649
Woodie	0.008112	0.009158	0.010105	0.011151	0.012098	0.013144	0.014091
Fibonacci	0.009175	0.009936	0.010407	0.011168	0.011929	0.012400	0.013161

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.005198	0.007211	0.009301	0.011314	0.013404	0.015417	0.017507
Camarilla	0.010264	0.010640	0.011016	0.011392	0.011768	0.012144	0.012520
Woodie	0.005238	0.007230	0.009341	0.011333	0.013444	0.015436	0.017547
Fibonacci	0.007211	0.008778	0.009746	0.011314	0.012881	0.013849	0.015417

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):	51.77
MACD (12,26,9):	0.0000
Directional Movement:	3.155010
AROON (14):	-42.857143
DEMA (21):	0.011302
Parabolic SAR (0,02-0,02-0,2):	0.012668
Elder Ray (13):	-0.000069
Super Trend (3,10):	0.009639
Zig ZAG (10):	0.011527
VORTEX (21):	0.9860
Stochastique (14,3,5):	57.03
TEMA (21):	0.011264
Williams %R (14):	-30.98
Chande Momentum Oscillator (20):	0.000528
Repulse (5,40,3):	10.3768
ROCnROLL:	1
TRIX (15,9):	-0.0076
Courbe Coppock:	0.22

MA7:	0.011441
MA20:	0.011349
MA50:	0.011411
MA100:	0.010802
MAexp7:	0.011576
MAexp20:	0.011310
MAexp50:	0.011225
MAexp100:	0.010914
Price / MA7:	+3.39%
Price / MA20:	+4.23%
Price / MA50:	+3.66%
Price / MA100:	+9.51%
Price / MAexp7:	+2.19%
Price / MAexp20:	+4.59%
Price / MAexp50:	+5.38%
Price / MAexp100:	+8.38%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia AI

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