BITCOIN SV - BSV/USDT - 1H - Technical analysis published on 12/06/2019 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bearish
Technical indicators
50%
6%
44%
My opinion
Bearish under 98.10 USDT
My targets
94.13 USDT (-1.38%)
84.64 USDT (-11.32%)
My analysis
The basic trend is bearish on BITCOIN SV - BSV/USDT and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 98.10 USDT. Buyers would then use the next resistance located at 102.20 USDT as an objective. Crossing it would then enable buyers to target 105.86 USDT. If there is a return to below the support located at 94.13 USDT, this would be a sign of a reversal in the basic bearish trend. The next bearish objectives would be 84.64 USDT and 81.37 USDT by extension.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
FORCE
0
10
0
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN SV - BSV/USDT price is 95.45 USDT. The price registered an increase of +0.59% on the session with the lowest point at 93.82 USDT and the highest point at 96.14 USDT. The deviation from the price is +1.74% for the low point and -0.72% for the high point.93.82
96.14
95.45
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BITCOIN SV - BSV/USDT:
Technical
A technical analysis in 1H of this BITCOIN SV - BSV/USDT chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this bearish trend may be slowing down. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI 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:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Black gravestone / inverted hammer
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 81.37 | 94.13 | 95.45 | 98.10 | 102.20 | 105.86 |
| Change (%) | -14.75% | -1.38% | - | +2.78% | +7.07% | +10.91% |
| Change | -14.08 | -1.32 | - | +2.65 | +6.75 | +10.41 |
| Level | Intermediate | Intermediate | - | Minor | Minor | Intermediate |
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 | 88.24 | 90.86 | 92.88 | 95.50 | 97.52 | 100.14 | 102.16 |
| Camarilla | 93.61 | 94.04 | 94.47 | 94.89 | 95.32 | 95.74 | 96.17 |
| Woodie | 87.93 | 90.71 | 92.57 | 95.35 | 97.21 | 99.99 | 101.85 |
| Fibonacci | 90.86 | 92.64 | 93.73 | 95.50 | 97.28 | 98.37 | 100.14 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 76.20 | 84.64 | 96.03 | 104.47 | 115.86 | 124.30 | 135.69 |
| Camarilla | 101.96 | 103.77 | 105.59 | 107.41 | 109.23 | 111.05 | 112.86 |
| Woodie | 77.67 | 85.38 | 97.50 | 105.21 | 117.33 | 125.04 | 137.16 |
| Fibonacci | 84.64 | 92.22 | 96.90 | 104.47 | 112.05 | 116.73 | 124.30 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.95 | 57.92 | 82.66 | 112.63 | 137.37 | 167.34 | 192.08 |
| Camarilla | 92.37 | 97.38 | 102.40 | 107.41 | 112.43 | 117.44 | 122.46 |
| Woodie | 25.35 | 56.61 | 80.06 | 111.32 | 134.77 | 166.03 | 189.48 |
| Fibonacci | 57.92 | 78.82 | 91.73 | 112.63 | 133.53 | 146.44 | 167.34 |
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): | 50.94 | |
| MACD (12,26,9): | -0.1000 | |
| Directional Movement: | -1.90 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 94.91 | |
| Parabolic SAR (0,02-0,02-0,2): | 93.70 | |
| Elder Ray (13): | 0.14 | |
| Super Trend (3,10): | 97.32 | |
| Zig ZAG (10): | 95.32 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 60.37 | |
| TEMA (21): | 95.05 | |
| Williams %R (14): | -27.75 | |
| Chande Momentum Oscillator (20): | -0.47 | |
| Repulse (5,40,3): | 0.2000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.34 |
| MA7: | 98.88 | |
| MA20: | 104.23 | |
| MA50: | 116.46 | |
| MA100: | 111.41 | |
| MAexp7: | 95.06 | |
| MAexp20: | 95.07 | |
| MAexp50: | 95.59 | |
| MAexp100: | 97.14 | |
| Price / MA7: | -3.47% | |
| Price / MA20: | -8.42% | |
| Price / MA50: | -18.04% | |
| Price / MA100: | -14.33% | |
| Price / MAexp7: | +0.41% | |
| Price / MAexp20: | +0.40% | |
| Price / MAexp50: | -0.15% | |
| Price / MAexp100: | -1.74% |
This member declared not having a position on this financial instrument or a related financial instrument.
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