BITCOIN BEP2 - BTCB/USD - 1H - Technical analysis published on 10/06/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
BITCOIN BEP2 - BTCB/USD Chart
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
44%
0%
56%
My opinion
Bullish above 19,665.20 USD
My targets
20,321.70 USD (+0.81%)
21,499.40 USD (+6.66%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BITCOIN BEP2 - BTCB/USD as long as the price remains well above 19,665.20 USD. The buyers' bullish objective is set at 20,321.70 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 21,499.40 USD. If there is any crossing, the next objective would be the resistance located at 28,549.10 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.4
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This analysis was given by Londinia.
Additional analysis
Quotes
The BITCOIN BEP2 - BTCB/USD rating is 20,157.79 USD. The price registered a decrease of -0.01% on the session and was between 20,084.12 USD and 20,385.74 USD. This implies that the price is at +0.37% from its lowest and at -1.12% from its highest.20,084.12
20,385.74
20,157.79
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BITCOIN BEP2 - BTCB/USD:
Technical
Technical analysis of this 1H chart of BITCOIN BEP2 - BTCB/USD indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is slight given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 18,780.90 | 19,161.60 | 19,665.20 | 20,157.79 | 20,159.80 | 20,321.70 | 21,499.40 |
| Change (%) | -6.83% | -4.94% | -2.44% | - | +0.01% | +0.81% | +6.66% |
| Change | -1,376.89 | -996.19 | -492.59 | - | +2.01 | +163.91 | +1,341.61 |
| Level | Major | Minor | Minor | - | Minor | Intermediate | Minor |
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 | 19,304.55 | 19,540.23 | 19,850.35 | 20,086.03 | 20,396.15 | 20,631.83 | 20,941.95 |
| Camarilla | 20,010.38 | 20,060.41 | 20,110.44 | 20,160.47 | 20,210.50 | 20,260.53 | 20,310.57 |
| Woodie | 19,341.77 | 19,558.84 | 19,887.57 | 20,104.64 | 20,433.37 | 20,650.44 | 20,979.17 |
| Fibonacci | 19,540.23 | 19,748.73 | 19,877.53 | 20,086.03 | 20,294.53 | 20,423.33 | 20,631.83 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16,645.10 | 17,606.40 | 18,459.10 | 19,420.40 | 20,273.10 | 21,234.40 | 22,087.10 |
| Camarilla | 18,812.95 | 18,979.23 | 19,145.52 | 19,311.80 | 19,478.08 | 19,644.37 | 19,810.65 |
| Woodie | 16,590.80 | 17,579.25 | 18,404.80 | 19,393.25 | 20,218.80 | 21,207.25 | 22,032.80 |
| Fibonacci | 17,606.40 | 18,299.35 | 18,727.45 | 19,420.40 | 20,113.35 | 20,541.45 | 21,234.40 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13,151.83 | 15,753.47 | 17,588.83 | 20,190.47 | 22,025.83 | 24,627.47 | 26,462.83 |
| Camarilla | 18,204.03 | 18,610.75 | 19,017.48 | 19,424.20 | 19,830.93 | 20,237.65 | 20,644.38 |
| Woodie | 12,768.70 | 15,561.90 | 17,205.70 | 19,998.90 | 21,642.70 | 24,435.90 | 26,079.70 |
| Fibonacci | 15,753.47 | 17,448.40 | 18,495.53 | 20,190.47 | 21,885.40 | 22,932.53 | 24,627.47 |
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): | 54.63 | |
| MACD (12,26,9): | 51.7300 | |
| Directional Movement: | 3.52 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 20,254.99 | |
| Parabolic SAR (0,02-0,02-0,2): | 20,083.32 | |
| Elder Ray (13): | 15.24 | |
| Super Trend (3,10): | 19,953.93 | |
| Zig ZAG (10): | 20,230.53 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 60.66 | |
| TEMA (21): | 20,243.14 | |
| Williams %R (14): | -33.06 | |
| Chande Momentum Oscillator (20): | 125.15 | |
| Repulse (5,40,3): | 0.1500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 1.72 |
| MA7: | 19,730.48 | |
| MA20: | 19,417.22 | |
| MA50: | 20,103.56 | |
| MA100: | 21,132.39 | |
| MAexp7: | 20,226.11 | |
| MAexp20: | 20,183.77 | |
| MAexp50: | 20,044.20 | |
| MAexp100: | 19,839.40 | |
| Price / MA7: | +2.17% | |
| Price / MA20: | +3.81% | |
| Price / MA50: | +0.27% | |
| Price / MA100: | -4.61% | |
| Price / MAexp7: | -0.34% | |
| Price / MAexp20: | -0.13% | |
| Price / MAexp50: | +0.57% | |
| Price / MAexp100: | +1.60% |
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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