BITCOIN CASH - BCH/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	BCHUSDT
ISIN:

BITCOIN CASH - BCH/USDT - Weekly - Technical analysis published on 01/27/2023 (GMT)

Londinia

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

67%

33%

My opinion

Bearish under 152.62 USDT

My targets

118.60 USDT (-11.98%)

91.71 USDT (-31.94%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on BITCOIN CASH - BCH/USDT. As long as you are under the resistance located at 152.62 USDT, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 118.60 USDT would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 91.71 USDT as an objective. If the resistance 152.62 USDT were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

0.4

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 Hungary22. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BITCOIN CASH - BCH/USDT rating is 134.75 USDT. The price is up +5.33% over 5 days and has been traded over the last 5 days between 125.47 USDT and 138.13 USDT. This implies that the 5 day price is +7.40% from its lowest point and -2.45% from its highest point.

125.47

138.13

134.75

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

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:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of BITCOIN CASH - BCH/USDT in Weekly shows an overall bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Weekly

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

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

The Central Indicators scanner found this result concerning these indicators:

RSI indicator is back over 50

Type : Bullish

Timeframe : Weekly

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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	91.71	134.75	212.10	391.37	784.60
Change (%)	-31.94%	-	+57.40%	+190.44%	+482.26%
Change	-43.04	-	+77.35	+256.62	+649.85
Level	Major	-	Minor	Minor	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	125.47	127.62	130.74	132.89	136.01	138.16	141.28
Camarilla	132.42	132.90	133.39	133.87	134.35	134.84	135.32
Woodie	125.97	127.86	131.24	133.13	136.51	138.40	141.78
Fibonacci	127.62	129.63	130.87	132.89	134.90	136.14	138.16

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	101.53	109.18	118.56	126.21	135.59	143.24	152.62
Camarilla	123.25	124.81	126.37	127.93	129.49	131.05	132.61
Woodie	102.39	109.61	119.42	126.64	136.45	143.67	153.48
Fibonacci	109.18	115.69	119.71	126.21	132.72	136.74	143.24

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	73.74	84.50	90.79	101.55	107.84	118.60	124.89
Camarilla	92.38	93.94	95.51	97.07	98.63	100.20	101.76
Woodie	71.50	83.38	88.55	100.43	105.60	117.48	122.65
Fibonacci	84.50	91.02	95.04	101.55	108.07	112.09	118.60

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):	51.23
MACD (12,26,9):	-14.1100
Directional Movement:	1.75
AROON (14):	78.57
DEMA (21):	95.29
Parabolic SAR (0,02-0,02-0,2):	90.20
Elder Ray (13):	15.77
Super Trend (3,10):	146.09
Zig ZAG (10):	134.90
VORTEX (21):	1.0500
Stochastique (14,3,5):	88.80
TEMA (21):	121.64
Williams %R (14):	-6.34
Chande Momentum Oscillator (20):	18.26
Repulse (5,40,3):	18.4100
ROCnROLL:	-1
TRIX (15,9):	-2.1400
Courbe Coppock:	5.92

MA7:	131.24
MA20:	122.83
MA50:	110.51
MA100:	110.30
MAexp7:	119.03
MAexp20:	120.72
MAexp50:	186.93
MAexp100:	274.77
Price / MA7:	+2.67%
Price / MA20:	+9.70%
Price / MA50:	+21.93%
Price / MA100:	+22.17%
Price / MAexp7:	+13.21%
Price / MAexp20:	+11.62%
Price / MAexp50:	-27.91%
Price / MAexp100:	-50.96%

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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