BITSHARES - BTS/USD - 1H - Technical analysis published on 07/27/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 0.009701 USD
My targets
0.009278 USD (-0.62%)
0.009050 USD (-3.06%)
My analysis
BITSHARES - BTS/USD 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 0.009701 USD. The next support located at 0.009278 USD 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 0.009050 USD. Below this support, sellers could then target 0.007512 USD. 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
6.4
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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 0.009336 USD. The price registered a decrease of -6.03% on the session and was between 0.009336 USD and 0.009657 USD. This implies that the price is at 0% from its lowest and at -3.32% from its highest.0.009336
0.009657
0.009336
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of BITSHARES - BTS/USD in 1H shows a overall strongly 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.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Bullish doji star
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.007512 | 0.009050 | 0.009278 | 0.009336 | 0.009701 | 0.009905 | 0.010343 |
| Change (%) | -19.54% | -3.06% | -0.62% | - | +3.91% | +6.09% | +10.79% |
| Change | -0.001824 | -0.000286 | -0.000058 | - | +0.000365 | +0.000569 | +0.001007 |
| Level | Major | Intermediate | Intermediate | - | Minor | Major | 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 | 0.008915 | 0.009119 | 0.009527 | 0.009731 | 0.010139 | 0.010343 | 0.010751 |
| Camarilla | 0.009767 | 0.009823 | 0.009879 | 0.009935 | 0.009991 | 0.010047 | 0.010103 |
| Woodie | 0.009017 | 0.009170 | 0.009629 | 0.009782 | 0.010241 | 0.010394 | 0.010853 |
| Fibonacci | 0.009119 | 0.009353 | 0.009497 | 0.009731 | 0.009965 | 0.010109 | 0.010343 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.007176 | 0.008055 | 0.009111 | 0.009990 | 0.011046 | 0.011925 | 0.012981 |
| Camarilla | 0.009634 | 0.009811 | 0.009989 | 0.010166 | 0.010343 | 0.010521 | 0.010698 |
| Woodie | 0.007264 | 0.008099 | 0.009199 | 0.010034 | 0.011134 | 0.011969 | 0.013069 |
| Fibonacci | 0.008055 | 0.008795 | 0.009251 | 0.009990 | 0.010730 | 0.011186 | 0.011925 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.004511 | 0.005955 | 0.007399 | 0.008843 | 0.010287 | 0.011731 | 0.013175 |
| Camarilla | 0.008049 | 0.008314 | 0.008578 | 0.008843 | 0.009108 | 0.009373 | 0.009637 |
| Woodie | 0.004511 | 0.005955 | 0.007399 | 0.008843 | 0.010287 | 0.011731 | 0.013175 |
| Fibonacci | 0.005955 | 0.007058 | 0.007740 | 0.008843 | 0.009946 | 0.010628 | 0.011731 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 43.44 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -6.682479 | |
| AROON (14): | 42.857143 | |
| DEMA (21): | 0.009528 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.009900 | |
| Elder Ray (13): | -0.000231 | |
| Super Trend (3,10): | 0.009267 | |
| Zig ZAG (10): | 0.009336 | |
| VORTEX (21): | 0.6194 | |
| Stochastique (14,3,5): | 20.10 | |
| TEMA (21): | 0.009522 | |
| Williams %R (14): | -97.88 | |
| Chande Momentum Oscillator (20): | -0.000006 | |
| Repulse (5,40,3): | 2.2084 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0606 | |
| Courbe Coppock: | 2.89 |
| MA7: | 0.009891 | |
| MA20: | 0.010206 | |
| MA50: | 0.009321 | |
| MA100: | 0.009108 | |
| MAexp7: | 0.009526 | |
| MAexp20: | 0.009593 | |
| MAexp50: | 0.009688 | |
| MAexp100: | 0.009823 | |
| Price / MA7: | -5.61% | |
| Price / MA20: | -8.52% | |
| Price / MA50: | +0.16% | |
| Price / MA100: | +2.50% | |
| Price / MAexp7: | -1.99% | |
| Price / MAexp20: | -2.68% | |
| Price / MAexp50: | -3.63% | |
| Price / MAexp100: | -4.96% |
Quotes :
-
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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