BITCOIN SV - BSV/USDT - 1H - Technical analysis published on 12/09/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 96.12 USDT
My targets
93.56 USDT (-1.21%)
84.91 USDT (-10.35%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BITCOIN SV - BSV/USDT as long as the price remains well below 96.12 USDT. The sellers” bearish objective is set at 93.56 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 84.91 USDT. In case of crossing, the next objective would be the support located at 81.37 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
7.3
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
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 94.71 USDT. On the day, this instrument lost -2.36% and was between 94.00 USDT and 97.26 USDT. This implies that the price is at +0.76% from its lowest and at -2.62% from its highest.94.00
97.26
94.71
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 sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
Moving Average bearish crossovers : AMA20 & AMA50
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 4 are bullish, 3 are neutral and 11 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
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
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 81.37 | 93.56 | 94.71 | 96.12 | 98.92 | 102.20 |
| Change (%) | -14.09% | -1.21% | - | +1.49% | +4.45% | +7.91% |
| Change | -13.34 | -1.15 | - | +1.41 | +4.21 | +7.49 |
| Level | Intermediate | Intermediate | - | Minor | Minor | 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 | 88.08 | 91.28 | 94.14 | 97.34 | 100.20 | 103.40 | 106.26 |
| Camarilla | 95.33 | 95.89 | 96.45 | 97.00 | 97.56 | 98.11 | 98.67 |
| Woodie | 87.91 | 91.20 | 93.97 | 97.26 | 100.03 | 103.32 | 106.09 |
| Fibonacci | 91.28 | 93.60 | 95.03 | 97.34 | 99.66 | 101.09 | 103.40 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 76.33 | 84.91 | 90.25 | 98.83 | 104.17 | 112.75 | 118.09 |
| Camarilla | 91.76 | 93.04 | 94.31 | 95.59 | 96.87 | 98.14 | 99.42 |
| Woodie | 74.71 | 84.10 | 88.63 | 98.02 | 102.55 | 111.94 | 116.47 |
| Fibonacci | 84.91 | 90.23 | 93.51 | 98.83 | 104.15 | 107.43 | 112.75 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 34.36 | |
| MACD (12,26,9): | -0.4000 | |
| Directional Movement: | -11.98 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 95.04 | |
| Parabolic SAR (0,02-0,02-0,2): | 96.90 | |
| Elder Ray (13): | -1.07 | |
| Super Trend (3,10): | 96.20 | |
| Zig ZAG (10): | 94.33 | |
| VORTEX (21): | 0.8000 | |
| Stochastique (14,3,5): | 5.05 | |
| TEMA (21): | 94.73 | |
| Williams %R (14): | -88.65 | |
| Chande Momentum Oscillator (20): | -0.98 | |
| Repulse (5,40,3): | -0.8600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 1.94 |
| MA7: | 95.57 | |
| MA20: | 101.18 | |
| MA50: | 116.72 | |
| MA100: | 110.42 | |
| MAexp7: | 94.90 | |
| MAexp20: | 95.43 | |
| MAexp50: | 95.75 | |
| MAexp100: | 96.16 | |
| Price / MA7: | -0.90% | |
| Price / MA20: | -6.39% | |
| Price / MA50: | -18.86% | |
| Price / MA100: | -14.23% | |
| Price / MAexp7: | -0.20% | |
| Price / MAexp20: | -0.75% | |
| Price / MAexp50: | -1.09% | |
| Price / MAexp100: | -1.51% |
This member declared not having a position on this financial instrument or a related financial instrument.
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