BITCOIN DIAMOND - BCD/USDT - Daily - Technical analysis published on 04/09/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 0.532316 USDT
My targets
0.723933 USDT (+29.04%)
0.742000 USDT (+32.26%)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on BITCOIN DIAMOND - BCD/USDT as long as the price remains well above 0.532316 USDT. The buyers” bullish objective is set at 0.723933 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.742000 USDT. If there is any crossing, the next objective would be the resistance located at 0.845800 USDT.
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
5.7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN DIAMOND - BCD/USDT price is 0.561000 USDT. The price has increased by +2.41% since the last closing with the lowest point at 0.535000 USDT and the highest point at 0.590900 USDT. The deviation from the price is +4.86% for the low point and -5.06% for the high point.0.535000
0.590900
0.561000
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of this Daily chart of BITCOIN DIAMOND - BCD/USDT indicates that the overall trend is slightly bullish. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced 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 : adaptative moving average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
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 | 0.306000 | 0.418100 | 0.532316 | 0.561000 | 0.742000 | 0.845800 | 1.017000 |
| Change (%) | -45.45% | -25.47% | -5.11% | - | +32.26% | +50.77% | +81.28% |
| Change | -0.255000 | -0.142900 | -0.028684 | - | +0.181000 | +0.284800 | +0.456000 |
| Level | Intermediate | Intermediate | Major | - | Minor | Minor | Intermediate |
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 | 0.454633 | 0.478867 | 0.513333 | 0.537567 | 0.572033 | 0.596267 | 0.630733 |
| Camarilla | 0.531658 | 0.537038 | 0.542419 | 0.547800 | 0.553181 | 0.558562 | 0.563943 |
| Woodie | 0.459750 | 0.481425 | 0.518450 | 0.540125 | 0.577150 | 0.598825 | 0.635850 |
| Fibonacci | 0.478867 | 0.501290 | 0.515143 | 0.537567 | 0.559990 | 0.573843 | 0.596267 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.335800 | 0.375400 | 0.434700 | 0.474300 | 0.533600 | 0.573200 | 0.632500 |
| Camarilla | 0.466803 | 0.475868 | 0.484934 | 0.494000 | 0.503066 | 0.512132 | 0.521198 |
| Woodie | 0.345650 | 0.380325 | 0.444550 | 0.479225 | 0.543450 | 0.578125 | 0.642350 |
| Fibonacci | 0.375400 | 0.413180 | 0.436520 | 0.474300 | 0.512080 | 0.535420 | 0.573200 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.252267 | -0.003333 | 0.235833 | 0.484767 | 0.723933 | 0.972867 | 1.212033 |
| Camarilla | 0.340773 | 0.385515 | 0.430258 | 0.475000 | 0.519743 | 0.564485 | 0.609228 |
| Woodie | -0.257150 | -0.005775 | 0.230950 | 0.482325 | 0.719050 | 0.970425 | 1.207150 |
| Fibonacci | -0.003333 | 0.183121 | 0.298313 | 0.484767 | 0.671221 | 0.786413 | 0.972867 |
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): | 57.22 | |
| MACD (12,26,9): | -0.0003 | |
| Directional Movement: | 8.720280 | |
| AROON (14): | 71.428572 | |
| DEMA (21): | 0.491984 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.353266 | |
| Elder Ray (13): | 0.057338 | |
| Super Trend (3,10): | 0.615241 | |
| Zig ZAG (10): | 0.549700 | |
| VORTEX (21): | 1.1416 | |
| Stochastique (14,3,5): | 79.88 | |
| TEMA (21): | 0.521916 | |
| Williams %R (14): | -24.33 | |
| Chande Momentum Oscillator (20): | 0.087300 | |
| Repulse (5,40,3): | 1.8282 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.4765 | |
| Courbe Coppock: | 16.67 |
| MA7: | 0.513529 | |
| MA20: | 0.491390 | |
| MA50: | 0.550476 | |
| MA100: | 0.576044 | |
| MAexp7: | 0.519585 | |
| MAexp20: | 0.504522 | |
| MAexp50: | 0.535626 | |
| MAexp100: | 0.548878 | |
| Price / MA7: | +9.24% | |
| Price / MA20: | +14.17% | |
| Price / MA50: | +1.91% | |
| Price / MA100: | -2.61% | |
| Price / MAexp7: | +7.97% | |
| Price / MAexp20: | +11.19% | |
| Price / MAexp50: | +4.74% | |
| Price / MAexp100: | +2.21% |
This member declared not having a position on this financial instrument or a related financial instrument.
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