BITCOIN CASH - BCH/USDT
BITCOIN CASH - BCH/USDT
- USDT (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: BCHUSDT
ISIN:

BITCOIN CASH - BCH/USDT - Weekly - Technical analysis published on 04/15/2021 (GMT)

  • 278
  • 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
  • Timeframe : Weekly
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 721.40 USDT
My targets
869.58 USDT (+8.08%)
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 721.40 USDT. The buyers” bullish objective is set at 869.58 USDT. A bullish break in this resistance would boost the bullish momentum. 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
8.9

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 teodorassenov69. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Daily

Additional analysis

Quotes

The BITCOIN CASH - BCH/USDT price is 804.56 USDT. The price registered an increase of +27.47% over 5 days and has been traded over the last 5 days between 654.38 USDT and 751.32 USDT. This implies that the 5 day price is +22.95% from its lowest point and +7.09% from its highest point.

654.38
751.32
804.56

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in Weekly of this BITCOIN CASH - BCH/USDT chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

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

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly


Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : Weekly


Williams %R indicator is back over -50

Type : Bullish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : Weekly


Resistance of channel is broken

Type : Bullish

Timeframe : Weekly



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


ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 491.54 633.28 721.40 804.56 869.58
Change (%) -38.91% -21.29% -10.34% - +8.08%
Change -313.02 -171.28 -83.16 - +65.02
Level Major Major Major - Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard660.29702.72758.74801.17857.19899.62955.64
Camarilla787.68796.70805.73814.75823.78832.80841.82
Woodie667.08706.12765.53804.57863.98903.02962.43
Fibonacci702.72740.33763.57801.17838.78862.02899.62


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard399.86462.60567.75630.49735.64798.38903.53
Camarilla626.73642.12657.51672.90688.29703.68719.07
Woodie421.07473.20588.96641.09756.85808.98924.74
Fibonacci462.60526.73566.36630.49694.62734.25798.38


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard302.71377.35459.23533.87615.75690.39772.27
Camarilla498.06512.41526.75541.10555.45569.80584.14
Woodie306.32379.16462.84535.68619.36692.20775.88
Fibonacci377.35437.14474.08533.87593.66630.60690.39

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): 68.99
MACD (12,26,9): 92.8200
Directional Movement: 26.24
AROON (14): 100.00
DEMA (21): 627.81
Parabolic SAR (0,02-0,02-0,2): 432.91
Elder Ray (13): 184.35
Super Trend (3,10): 366.17
Zig ZAG (10): 805.19
VORTEX (21): 1.1500
Stochastique (14,3,5): 72.58
TEMA (21): 678.63
Williams %R (14): -7.60
Chande Momentum Oscillator (20): 376.71
Repulse (5,40,3): 36.5700
ROCnROLL: 1
TRIX (15,9): 3.1100
Courbe Coppock: 132.21
MA7: 718.44
MA20: 620.33
MA50: 558.54
MA100: 536.30
MAexp7: 623.27
MAexp20: 513.55
MAexp50: 406.21
MAexp100: 378.42
Price / MA7: +11.99%
Price / MA20: +29.70%
Price / MA50: +44.05%
Price / MA100: +50.02%
Price / MAexp7: +29.09%
Price / MAexp20: +56.67%
Price / MAexp50: +98.07%
Price / MAexp100: +112.61%

Quotes : - Real time data - Cryptocompare

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

About author

Online

Overall rating :
15090
Number of analyses :
Followers :
0
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…

Add a comment

no pic

Comments

0 comments on the analysis BITCOIN CASH - BCH/USDT - Weekly