BTCDOWN - BTCDOWN/USDT

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Type:	Cryptocurrencies
Ticker:	BTCDOWNUSDT
ISIN:

BTCDOWN - BTCDOWN/USDT - Daily - Technical analysis published on 05/18/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

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BTCDOWN - BTCDOWN/USDT Chart

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Neutral

Technical indicators

89%

11%

My opinion

Bullish above 0.065273 USDT

My targets

0.089307 USDT (+20.23%)

0.104463 USDT (+40.63%)

My analysis

The strong short-term increase of BTCDOWN - BTCDOWN/USDT should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 0.065273 USDT, a purchase could be considered. The first bullish objective is located at 0.089307 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 0.104463 USDT. If there is any crossing, the next objective would be the resistance at 1.327000 USDT. Caution, if there is a return under 0.065273 USDT, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

4.6

Comment on the analysis

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 cryptout.

Additional analysis

Quotes

BTCDOWN - BTCDOWN/USDT rating 0.074280 USDT. The price registered a decrease of -3.62% on the session with the lowest point at 0.074280 USDT and the highest point at 0.078480 USDT. The deviation from the price is 0% for the low point and -5.35% for the high point.

0.074280

0.078480

0.074280

A study of price movements over other periods shows the following variations:

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

A technical analysis in Daily of this BTCDOWN - BTCDOWN/USDT chart shows a neutral trend. This indecision could turn into a bullish trend due to the strong bullish 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 trend reversal : Moving Average 20

Type : Bullish

Timeframe : Daily

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.048315	0.074280	1.327000	1.971000	2.355000
Change (%)	-34.96%	-	+1,686.48%	+2,553.47%	+3,070.44%
Change	-0.025965	-	+1.252720	+1.896720	+2.280720
Level	Major	-	Intermediate	Major	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	0.053447	0.060663	0.068867	0.076083	0.084287	0.091503	0.099707
Camarilla	0.072830	0.074243	0.075657	0.077070	0.078484	0.079897	0.081311
Woodie	0.053940	0.060910	0.069360	0.076330	0.084780	0.091750	0.100200
Fibonacci	0.060663	0.066554	0.070193	0.076083	0.081974	0.085613	0.091503

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.018870	0.028580	0.047450	0.057160	0.076030	0.085740	0.104610
Camarilla	0.058461	0.061080	0.063700	0.066320	0.068940	0.071560	0.074180
Woodie	0.023450	0.030870	0.052030	0.059450	0.080610	0.088030	0.109190
Fibonacci	0.028580	0.039498	0.046242	0.057160	0.068078	0.074822	0.085740

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.013107	0.010927	0.026083	0.050117	0.065273	0.089307	0.104463
Camarilla	0.030463	0.034055	0.037648	0.041240	0.044832	0.048425	0.052017
Woodie	-0.017545	0.008708	0.021645	0.047898	0.060835	0.087088	0.100025
Fibonacci	0.010927	0.025897	0.035146	0.050117	0.065087	0.074336	0.089307

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):	71.03
MACD (12,26,9):	0.0047
Directional Movement:	28.523485
AROON (14):	50.000000
DEMA (21):	0.058728
Parabolic SAR (0,02-0,02-0,2):	0.044922
Elder Ray (13):	0.018550
Super Trend (3,10):	0.045929
Zig ZAG (10):	0.074920
VORTEX (21):	1.1095
Stochastique (14,3,5):	88.81
TEMA (21):	0.064947
Williams %R (14):	-13.33
Chande Momentum Oscillator (20):	0.035370
Repulse (5,40,3):	26.6479
ROCnROLL:	1
TRIX (15,9):	0.3499
Courbe Coppock:	78.57

MA7:	0.061113
MA20:	0.049599
MA50:	0.048530
MA100:	0.060156
MAexp7:	0.063401
MAexp20:	0.054121
MAexp50:	0.061253
MAexp100:	0.242441
Price / MA7:	+21.55%
Price / MA20:	+49.76%
Price / MA50:	+53.06%
Price / MA100:	+23.48%
Price / MAexp7:	+17.16%
Price / MAexp20:	+37.25%
Price / MAexp50:	+21.27%
Price / MAexp100:	-69.36%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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