BITCOIN CASH - BCH/USDT - 1H - Technical analysis published on 04/10/2021 (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:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 649.35 USDT
My targets
673.52 USDT (+1.89%)
693.23 USDT (+4.87%)
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 CASH - BCH/USDT as long as the price remains well above 649.35 USDT. The buyers” bullish objective is set at 673.52 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 693.23 USDT. If there is any crossing, the next objective would be the resistance located at 721.40 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
0
10
7.5
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This analysis was given by teodorassenov69. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN CASH - BCH/USDT rating is 661.03 USDT. The price registered an increase of +4.73% on the session with the lowest point at 624.69 USDT and the highest point at 661.03 USDT. The deviation from the price is +5.82% for the low point and 0% for the high point.624.69
661.03
661.03
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of BITCOIN CASH - BCH/USDT indicates that the overall trend is strongly bullish. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
MACD 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:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 595.36 | 633.28 | 649.35 | 661.03 | 673.52 | 693.23 | 721.40 |
| Change (%) | -9.93% | -4.20% | -1.77% | - | +1.89% | +4.87% | +9.13% |
| Change | -65.67 | -27.75 | -11.68 | - | +12.49 | +32.20 | +60.37 |
| Level | Intermediate | Major | Intermediate | - | Minor | Intermediate | Major |
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 | 598.70 | 612.46 | 621.83 | 635.59 | 644.96 | 658.72 | 668.09 |
| Camarilla | 624.84 | 626.96 | 629.08 | 631.20 | 633.32 | 635.44 | 637.56 |
| Woodie | 596.51 | 611.36 | 619.64 | 634.49 | 642.77 | 657.62 | 665.90 |
| Fibonacci | 612.46 | 621.30 | 626.75 | 635.59 | 644.43 | 649.88 | 658.72 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 375.64 | 432.63 | 481.70 | 538.69 | 587.76 | 644.75 | 693.82 |
| Camarilla | 501.61 | 511.34 | 521.06 | 530.78 | 540.50 | 550.22 | 559.95 |
| Woodie | 371.69 | 430.65 | 477.75 | 536.71 | 583.81 | 642.77 | 689.87 |
| Fibonacci | 432.63 | 473.14 | 498.17 | 538.69 | 579.20 | 604.23 | 644.75 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 302.71 | 377.35 | 459.23 | 533.87 | 615.75 | 690.39 | 772.27 |
| Camarilla | 498.06 | 512.41 | 526.75 | 541.10 | 555.45 | 569.80 | 584.14 |
| Woodie | 306.32 | 379.16 | 462.84 | 535.68 | 619.36 | 692.20 | 775.88 |
| Fibonacci | 377.35 | 437.14 | 474.08 | 533.87 | 593.66 | 630.60 | 690.39 |
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): | 66.37 | |
| MACD (12,26,9): | 1.9600 | |
| Directional Movement: | 13.48 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 639.93 | |
| Parabolic SAR (0,02-0,02-0,2): | 625.04 | |
| Elder Ray (13): | 10.29 | |
| Super Trend (3,10): | 628.13 | |
| Zig ZAG (10): | 657.61 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 92.83 | |
| TEMA (21): | 638.07 | |
| Williams %R (14): | -1.46 | |
| Chande Momentum Oscillator (20): | 6.88 | |
| Repulse (5,40,3): | 1.7800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.53 |
| MA7: | 629.62 | |
| MA20: | 556.75 | |
| MA50: | 544.80 | |
| MA100: | 518.30 | |
| MAexp7: | 639.23 | |
| MAexp20: | 637.44 | |
| MAexp50: | 635.39 | |
| MAexp100: | 628.76 | |
| Price / MA7: | +4.99% | |
| Price / MA20: | +18.73% | |
| Price / MA50: | +21.33% | |
| Price / MA100: | +27.54% | |
| Price / MAexp7: | +3.41% | |
| Price / MAexp20: | +3.70% | |
| Price / MAexp50: | +4.04% | |
| Price / MAexp100: | +5.13% |
Quotes :
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Real time data
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Cryptocompare
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