BITWISE 10 CRYPTO INDEX FUND BITW - Daily - Technical analysis published on 05/17/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 71.80 USD
My targets
66.00 USD (-4.42%)
48.99 USD (-29.06%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BITWISE 10 CRYPTO INDEX FUND BITW as long as the price remains well below 71.80 USD. The sellers' bearish objective is set at 66.00 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 48.99 USD. In case of crossing, the next objective would be the support located at 45.43 USD.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5
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This analysis was given by imorton777.
Additional analysis
Quotes
The BITWISE 10 CRYPTO INDEX FUND BITW rating is 69.05 USD. The price has increased by +9.17% since the last closing with the lowest point at 60.51 USD and the highest point at 69.95 USD. The deviation from the price is +14.11% for the low point and -1.29% for the high point.60.51
69.95
69.05
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 Daily of this BITWISE 10 CRYPTO INDEX FUND BITW chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
CCI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 26.00 | 45.43 | 66.00 | 69.05 | 77.62 | 94.70 | 106.54 |
| Change (%) | -62.35% | -34.21% | -4.42% | - | +12.41% | +37.15% | +54.29% |
| Change | -43.05 | -23.62 | -3.05 | - | +8.57 | +25.65 | +37.49 |
| Level | Minor | Intermediate | Major | - | Major | 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 | 53.62 | 57.06 | 63.06 | 66.50 | 72.50 | 75.94 | 81.94 |
| Camarilla | 66.45 | 67.32 | 68.19 | 69.05 | 69.92 | 70.78 | 71.65 |
| Woodie | 54.89 | 57.70 | 64.33 | 67.14 | 73.77 | 76.58 | 83.21 |
| Fibonacci | 57.06 | 60.67 | 62.90 | 66.50 | 70.11 | 72.34 | 75.94 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 35.00 | 48.00 | 57.00 | 70.00 | 79.00 | 92.00 | 101.00 |
| Camarilla | 59.95 | 61.97 | 63.98 | 66.00 | 68.02 | 70.03 | 72.05 |
| Woodie | 33.00 | 47.00 | 55.00 | 69.00 | 77.00 | 91.00 | 99.00 |
| Fibonacci | 48.00 | 56.40 | 61.60 | 70.00 | 78.40 | 83.60 | 92.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 48.99 | 62.59 | 71.80 | 85.40 | 94.61 | 108.21 | 117.42 |
| Camarilla | 74.73 | 76.82 | 78.91 | 81.00 | 83.09 | 85.18 | 87.27 |
| Woodie | 46.79 | 61.49 | 69.60 | 84.30 | 92.41 | 107.11 | 115.22 |
| Fibonacci | 62.59 | 71.31 | 76.69 | 85.40 | 94.12 | 99.50 | 108.21 |
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): | 41.77 | |
| MACD (12,26,9): | -4.9700 | |
| Directional Movement: | -8.77 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 68.28 | |
| Parabolic SAR (0,02-0,02-0,2): | 75.43 | |
| Elder Ray (13): | -6.42 | |
| Super Trend (3,10): | 84.73 | |
| Zig ZAG (10): | 69.05 | |
| VORTEX (21): | 0.7700 | |
| Stochastique (14,3,5): | 24.43 | |
| TEMA (21): | 65.41 | |
| Williams %R (14): | -62.13 | |
| Chande Momentum Oscillator (20): | -10.44 | |
| Repulse (5,40,3): | 14.7300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.7200 | |
| Courbe Coppock: | 33.07 |
| MA7: | 67.71 | |
| MA20: | 75.79 | |
| MA50: | 83.61 | |
| MA100: | 79.33 | |
| MAexp7: | 68.72 | |
| MAexp20: | 74.39 | |
| MAexp50: | 78.89 | |
| MAexp100: | 73.33 | |
| Price / MA7: | +1.98% | |
| Price / MA20: | -8.89% | |
| Price / MA50: | -17.41% | |
| Price / MA100: | -12.96% | |
| Price / MAexp7: | +0.48% | |
| Price / MAexp20: | -7.18% | |
| Price / MAexp50: | -12.47% | |
| Price / MAexp100: | -5.84% |
Quotes :
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15 min delayed data
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This member declared not having a position on this financial instrument or a related financial instrument.
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