BITCOIN SV - BSV/USDT - 1H - Technical analysis published on 12/16/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Bearish
Technical indicators
44%
6%
50%
My opinion
Bearish under 93.16 USDT
My targets
89.11 USDT (-3.26%)
81.37 USDT (-11.66%)
My analysis
There is a bearish trend on BITCOIN SV - BSV/USDT both at the basic level and in the short term. A sale could be considered, so long as the price remains below 93.16 USDT. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 89.11 USDT. Then the price could move towards 81.37 USDT. Be careful, a return to above the resistance 93.16 USDT would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
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
3
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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 92.11 USDT. On the day, this instrument lost -0.99% with the lowest point at 91.66 USDT and the highest point at 93.22 USDT. The deviation from the price is +0.49% for the low point and -1.19% for the high point.91.66
93.22
92.11
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 BITCOIN SV - BSV/USDT chart shows a bearish trend. 78.57% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
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 | 91.74 | 92.11 | 93.16 | 94.47 | 97.34 |
| Change (%) | -11.66% | -0.40% | - | +1.14% | +2.56% | +5.68% |
| Change | -10.74 | -0.37 | - | +1.05 | +2.36 | +5.23 |
| Level | Intermediate | Intermediate | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 89.66 | 90.52 | 91.77 | 92.63 | 93.88 | 94.74 | 95.99 |
| Camarilla | 92.45 | 92.64 | 92.84 | 93.03 | 93.22 | 93.42 | 93.61 |
| Woodie | 89.87 | 90.62 | 91.98 | 92.73 | 94.09 | 94.84 | 96.20 |
| Fibonacci | 90.52 | 91.32 | 91.82 | 92.63 | 93.43 | 93.93 | 94.74 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 79.93 | 85.64 | 89.11 | 94.82 | 98.29 | 104.00 | 107.47 |
| Camarilla | 90.05 | 90.89 | 91.73 | 92.57 | 93.41 | 94.25 | 95.10 |
| Woodie | 78.80 | 85.08 | 87.98 | 94.26 | 97.16 | 103.44 | 106.34 |
| Fibonacci | 85.64 | 89.15 | 91.32 | 94.82 | 98.33 | 100.50 | 104.00 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 51.13 | |
| MACD (12,26,9): | -0.0900 | |
| Directional Movement: | -7.50 | |
| AROON (14): | -57.15 | |
| DEMA (21): | 92.49 | |
| Parabolic SAR (0,02-0,02-0,2): | 93.12 | |
| Elder Ray (13): | 0.12 | |
| Super Trend (3,10): | 93.33 | |
| Zig ZAG (10): | 92.70 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 66.44 | |
| TEMA (21): | 92.42 | |
| Williams %R (14): | -32.41 | |
| Chande Momentum Oscillator (20): | -0.18 | |
| Repulse (5,40,3): | 0.2400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 1.17 |
| MA7: | 93.45 | |
| MA20: | 97.96 | |
| MA50: | 113.14 | |
| MA100: | 107.72 | |
| MAexp7: | 92.47 | |
| MAexp20: | 92.60 | |
| MAexp50: | 92.74 | |
| MAexp100: | 93.06 | |
| Price / MA7: | -1.43% | |
| Price / MA20: | -5.97% | |
| Price / MA50: | -18.59% | |
| Price / MA100: | -14.49% | |
| Price / MAexp7: | -0.39% | |
| Price / MAexp20: | -0.53% | |
| Price / MAexp50: | -0.68% | |
| Price / MAexp100: | -1.02% |
This member declared not having a position on this financial instrument or a related financial instrument.
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