BITSHARES - BTS/USD - 1H - Technical analysis published on 04/20/2023 (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
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 0.010854 USD
My targets
0.010446 USD (-2.12%)
0.009903 USD (-7.21%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BITSHARES - BTS/USD as long as the price remains well below 0.010854 USD. The next bearish objective for sellers is set at 0.010446 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.009903 USD. If there is any crossing, the next objective would be the support located at 0.008266 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 over sold items that could be a sign of a short-term correction.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BITSHARES - BTS/USD rating 0.010672 USD. On the day, this instrument lost -0.08% and was traded between 0.010383 USD and 0.011048 USD over the period. The price is currently at +2.78% from its lowest and -3.40% from its highest.0.010383
0.011048
0.010672
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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
Technical analysis of BITSHARES - BTS/USD in 1H shows a overall strongly bearish trend. The signals given by moving averages are 89.29% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 5 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
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 | 0.008266 | 0.009903 | 0.010446 | 0.010672 | 0.010854 | 0.011068 | 0.011545 |
| Change (%) | -22.54% | -7.21% | -2.12% | - | +1.71% | +3.71% | +8.18% |
| Change | -0.002406 | -0.000769 | -0.000226 | - | +0.000182 | +0.000396 | +0.000873 |
| Level | Minor | Major | Minor | - | Major | 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 | 0.009023 | 0.009815 | 0.010247 | 0.011039 | 0.011471 | 0.012263 | 0.012695 |
| Camarilla | 0.010343 | 0.010456 | 0.010568 | 0.010680 | 0.010792 | 0.010904 | 0.011017 |
| Woodie | 0.008844 | 0.009725 | 0.010068 | 0.010949 | 0.011292 | 0.012173 | 0.012516 |
| Fibonacci | 0.009815 | 0.010282 | 0.010571 | 0.011039 | 0.011506 | 0.011795 | 0.012263 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.007843 | 0.008914 | 0.010067 | 0.011138 | 0.012291 | 0.013362 | 0.014515 |
| Camarilla | 0.010608 | 0.010812 | 0.011016 | 0.011220 | 0.011424 | 0.011628 | 0.011832 |
| Woodie | 0.007884 | 0.008935 | 0.010108 | 0.011159 | 0.012332 | 0.013383 | 0.014556 |
| Fibonacci | 0.008914 | 0.009764 | 0.010288 | 0.011138 | 0.011988 | 0.012512 | 0.013362 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.005008 | 0.007115 | 0.009111 | 0.011218 | 0.013214 | 0.015321 | 0.017317 |
| Camarilla | 0.009978 | 0.010354 | 0.010730 | 0.011106 | 0.011482 | 0.011858 | 0.012234 |
| Woodie | 0.004952 | 0.007087 | 0.009055 | 0.011190 | 0.013158 | 0.015293 | 0.017261 |
| Fibonacci | 0.007115 | 0.008683 | 0.009651 | 0.011218 | 0.012786 | 0.013754 | 0.015321 |
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): | 30.78 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -19.081262 | |
| AROON (14): | -92.857143 | |
| DEMA (21): | 0.010751 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.010867 | |
| Elder Ray (13): | -0.000209 | |
| Super Trend (3,10): | 0.011301 | |
| Zig ZAG (10): | 0.010753 | |
| VORTEX (21): | 0.9122 | |
| Stochastique (14,3,5): | 54.06 | |
| TEMA (21): | 0.010802 | |
| Williams %R (14): | -47.86 | |
| Chande Momentum Oscillator (20): | -0.000211 | |
| Repulse (5,40,3): | 3.5796 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1035 | |
| Courbe Coppock: | 2.49 |
| MA7: | 0.011123 | |
| MA20: | 0.011354 | |
| MA50: | 0.011292 | |
| MA100: | 0.011177 | |
| MAexp7: | 0.010822 | |
| MAexp20: | 0.010926 | |
| MAexp50: | 0.011066 | |
| MAexp100: | 0.011180 | |
| Price / MA7: | -4.05% | |
| Price / MA20: | -6.01% | |
| Price / MA50: | -5.49% | |
| Price / MA100: | -4.52% | |
| Price / MAexp7: | -1.39% | |
| Price / MAexp20: | -2.32% | |
| Price / MAexp50: | -3.56% | |
| Price / MAexp100: | -4.54% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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