BITSHARES - BTS/USD - 1H - Technical analysis published on 08/26/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
22%
28%
My opinion
Bullish above 0.008648 USD
My targets
0.009021 USD (+1.87%)
0.009371 USD (+5.83%)
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 0.008648 USD. The buyers' bullish objective is set at 0.009021 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.009371 USD. If there is any crossing, the next objective would be the resistance located at 0.009640 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
6.6
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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 0.008855 USD. On the day, this instrument gained +3.01% and was traded between 0.008596 USD and 0.009124 USD over the period. The price is currently at +3.01% from its lowest and -2.95% from its highest.0.008596
0.009124
0.008855
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of BITSHARES - BTS/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.008317 | 0.008521 | 0.008648 | 0.008855 | 0.008901 | 0.009371 | 0.009640 |
| Change (%) | -6.08% | -3.77% | -2.34% | - | +0.52% | +5.83% | +8.87% |
| Change | -0.000538 | -0.000334 | -0.000207 | - | +0.000046 | +0.000516 | +0.000785 |
| Level | Major | Minor | Minor | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.006796 | 0.007553 | 0.008075 | 0.008832 | 0.009354 | 0.010111 | 0.010633 |
| Camarilla | 0.008244 | 0.008362 | 0.008479 | 0.008596 | 0.008713 | 0.008831 | 0.008948 |
| Woodie | 0.006678 | 0.007494 | 0.007957 | 0.008773 | 0.009236 | 0.010052 | 0.010515 |
| Fibonacci | 0.007553 | 0.008042 | 0.008344 | 0.008832 | 0.009321 | 0.009623 | 0.010111 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.006243 | 0.007307 | 0.007957 | 0.009021 | 0.009671 | 0.010735 | 0.011385 |
| Camarilla | 0.008136 | 0.008293 | 0.008450 | 0.008607 | 0.008764 | 0.008921 | 0.009078 |
| Woodie | 0.006036 | 0.007204 | 0.007750 | 0.008918 | 0.009464 | 0.010632 | 0.011178 |
| Fibonacci | 0.007307 | 0.007962 | 0.008366 | 0.009021 | 0.009676 | 0.010080 | 0.010735 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.004410 | 0.006673 | 0.008156 | 0.010419 | 0.011902 | 0.014165 | 0.015648 |
| Camarilla | 0.008610 | 0.008953 | 0.009297 | 0.009640 | 0.009983 | 0.010327 | 0.010670 |
| Woodie | 0.004021 | 0.006478 | 0.007767 | 0.010224 | 0.011513 | 0.013970 | 0.015259 |
| Fibonacci | 0.006673 | 0.008104 | 0.008988 | 0.010419 | 0.011850 | 0.012734 | 0.014165 |
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): | 58.41 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 39.313491 | |
| AROON (14): | -7.142857 | |
| DEMA (21): | 0.008692 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.009450 | |
| Elder Ray (13): | 0.000326 | |
| Super Trend (3,10): | 0.008477 | |
| Zig ZAG (10): | 0.008854 | |
| VORTEX (21): | 0.9977 | |
| Stochastique (14,3,5): | 22.64 | |
| TEMA (21): | 0.008761 | |
| Williams %R (14): | -69.33 | |
| Chande Momentum Oscillator (20): | 0.000081 | |
| Repulse (5,40,3): | -1.4060 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0781 | |
| Courbe Coppock: | 0.98 |
| MA7: | 0.008587 | |
| MA20: | 0.009255 | |
| MA50: | 0.009764 | |
| MA100: | 0.009132 | |
| MAexp7: | 0.008723 | |
| MAexp20: | 0.008641 | |
| MAexp50: | 0.008601 | |
| MAexp100: | 0.008630 | |
| Price / MA7: | +3.12% | |
| Price / MA20: | -4.32% | |
| Price / MA50: | -9.31% | |
| Price / MA100: | -3.03% | |
| Price / MAexp7: | +1.51% | |
| Price / MAexp20: | +2.48% | |
| Price / MAexp50: | +2.95% | |
| Price / MAexp100: | +2.61% |
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.
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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