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

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

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  • Timeframe : Daily
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 124.19 USDT
My targets
144.14 USDT (+7.06%)
155.71 USDT (+15.66%)
My analysis
BITCOIN CASH - BCH/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 124.19 USDT. The next resistance located at 144.14 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 155.71 USDT. After this resistance, buyers could then target 212.10 USDT. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6

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:
15 min. 1H Weekly

Additional analysis

Quotes

The BITCOIN CASH - BCH/USDT rating is 134.63 USDT. The price registered an increase of +0.57% on the session and was traded between 132.07 USDT and 135.82 USDT over the period. The price is currently at +1.94% from its lowest and -0.88% from its highest.

132.07
135.82
134.63

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



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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


Technical analysis of this Daily chart of BITCOIN CASH - BCH/USDT indicates that the overall trend is strongly bullish. 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.

In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

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

The Central Indicators scanner found no further results concerning independent technical indicators.

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
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 112.21 124.19 132.87 134.63 144.14 155.71 212.10
Change (%) -16.65% -7.75% -1.31% - +7.06% +15.66% +57.54%
Change -22.42 -10.44 -1.76 - +9.51 +21.08 +77.47
Level Minor Intermediate Intermediate - Intermediate Minor Minor



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard125.47127.62130.74132.89136.01138.16141.28
Camarilla132.42132.90133.39133.87134.35134.84135.32
Woodie125.97127.86131.24133.13136.51138.40141.78
Fibonacci127.62129.63130.87132.89134.90136.14138.16


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard101.53109.18118.56126.21135.59143.24152.62
Camarilla123.25124.81126.37127.93129.49131.05132.61
Woodie102.39109.61119.42126.64136.45143.67153.48
Fibonacci109.18115.69119.71126.21132.72136.74143.24


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard73.7484.5090.79101.55107.84118.60124.89
Camarilla92.3893.9495.5197.0798.63100.20101.76
Woodie71.5083.3888.55100.43105.60117.48122.65
Fibonacci84.5091.0295.04101.55108.07112.09118.60

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): 71.83
MACD (12,26,9): 7.0400
Directional Movement: 17.72
AROON (14): 35.72
DEMA (21): 132.35
Parabolic SAR (0,02-0,02-0,2): 120.62
Elder Ray (13): 6.59
Super Trend (3,10): 114.24
Zig ZAG (10): 134.93
VORTEX (21): 1.2400
Stochastique (14,3,5): 81.43
TEMA (21): 136.28
Williams %R (14): -14.89
Chande Momentum Oscillator (20): 10.12
Repulse (5,40,3): 3.4400
ROCnROLL: 1
TRIX (15,9): 0.8400
Courbe Coppock: 28.05
MA7: 131.21
MA20: 122.84
MA50: 110.51
MA100: 110.30
MAexp7: 131.04
MAexp20: 123.50
MAexp50: 115.49
MAexp100: 113.85
Price / MA7: +2.61%
Price / MA20: +9.60%
Price / MA50: +21.83%
Price / MA100: +22.06%
Price / MAexp7: +2.74%
Price / MAexp20: +9.01%
Price / MAexp50: +16.57%
Price / MAexp100: +18.25%

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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