BITSHARES - BTS/USD - 1H - Technical analysis published on 04/24/2023 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
61%
22%
17%
My opinion
Bullish above 0.009903 USD
My targets
0.010385 USD (+3.88%)
0.010854 USD (+8.57%)
My analysis
The current short-term bullish acceleration on BITSHARES - BTS/USD should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 0.009903 USD. Short-term buyers will use the resistance located at 0.010385 USD as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 0.010854 USD. Crossing this resistance would then open the door for buyers to target 0.011064 USD. Caution, if there is a return to under 0.009903 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
2.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITSHARES - BTS/USD rating is 0.009997 USD. The price has increased by +3.52% since the last closing with the lowest point at 0.009606 USD and the highest point at 0.010071 USD. The deviation from the price is +4.07% for the low point and -0.73% for the high point.0.009606
0.010071
0.009997
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this BITSHARES - BTS/USD chart shows a neutral trend. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.007545 | 0.008266 | 0.009903 | 0.009997 | 0.010385 | 0.010854 | 0.011064 |
| Change (%) | -24.53% | -17.32% | -0.94% | - | +3.88% | +8.57% | +10.67% |
| Change | -0.002452 | -0.001731 | -0.000094 | - | +0.000388 | +0.000857 | +0.001067 |
| Level | Minor | Minor | Major | - | Minor | Intermediate | Intermediate |
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 | 0.009078 | 0.009337 | 0.009497 | 0.009756 | 0.009916 | 0.010175 | 0.010335 |
| Camarilla | 0.009542 | 0.009580 | 0.009619 | 0.009657 | 0.009695 | 0.009734 | 0.009772 |
| Woodie | 0.009029 | 0.009312 | 0.009448 | 0.009731 | 0.009867 | 0.010150 | 0.010286 |
| Fibonacci | 0.009337 | 0.009497 | 0.009596 | 0.009756 | 0.009916 | 0.010015 | 0.010175 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.006640 | 0.008074 | 0.009043 | 0.010477 | 0.011446 | 0.012880 | 0.013849 |
| Camarilla | 0.009352 | 0.009573 | 0.009793 | 0.010013 | 0.010233 | 0.010454 | 0.010674 |
| Woodie | 0.006409 | 0.007958 | 0.008812 | 0.010361 | 0.011215 | 0.012764 | 0.013618 |
| Fibonacci | 0.008074 | 0.008992 | 0.009559 | 0.010477 | 0.011395 | 0.011962 | 0.012880 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 55.17 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -19.178043 | |
| AROON (14): | 78.571429 | |
| DEMA (21): | 0.009876 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.009606 | |
| Elder Ray (13): | 0.000023 | |
| Super Trend (3,10): | 0.010023 | |
| Zig ZAG (10): | 0.009997 | |
| VORTEX (21): | 0.8881 | |
| Stochastique (14,3,5): | 89.50 | |
| TEMA (21): | 0.009905 | |
| Williams %R (14): | -18.11 | |
| Chande Momentum Oscillator (20): | 0.000060 | |
| Repulse (5,40,3): | 2.5188 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0427 | |
| Courbe Coppock: | 2.15 |
| MA7: | 0.010308 | |
| MA20: | 0.011060 | |
| MA50: | 0.011146 | |
| MA100: | 0.011169 | |
| MAexp7: | 0.009912 | |
| MAexp20: | 0.009900 | |
| MAexp50: | 0.009990 | |
| MAexp100: | 0.010241 | |
| Price / MA7: | -3.02% | |
| Price / MA20: | -9.61% | |
| Price / MA50: | -10.31% | |
| Price / MA100: | -10.49% | |
| Price / MAexp7: | +0.86% | |
| Price / MAexp20: | +0.98% | |
| Price / MAexp50: | +0.07% | |
| Price / MAexp100: | -2.38% |
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.
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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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