BITCOIN DIAMOND - BCD/USDT - 1H - Technical analysis published on 10/19/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bearish
Technical indicators
78%
0%
22%
My opinion
Bullish above 0.443150 USDT
My targets
0.465700 USDT (+1.90%)
0.482367 USDT (+5.55%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for BITCOIN DIAMOND - BCD/USDT as long as the price remains well above 0.443150 USDT. The buyers” bullish objective is set at 0.465700 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.482367 USDT. If there is any crossing, the next objective would be the resistance located at 0.509714 USDT. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 0.465700 USDT. On this resistance, against the trend traders who would like to go short on BITCOIN DIAMOND - BCD/USDT with a bearish signal from their trading strategy, should not hesitate to act.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
2.9
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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 0.457000 USDT. The price registered an increase of +1.78% on the session and was traded between 0.444600 USDT and 0.458900 USDT over the period. The price is currently at +2.79% from its lowest and -0.41% from its highest.0.444600
0.458900
0.457000
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BITCOIN DIAMOND - BCD/USDT:
Technical
Technical analysis of this 1H chart of BITCOIN DIAMOND - BCD/USDT indicates that the overall trend is slightly bearish. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative 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:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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 which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.412900 | 0.443150 | 0.457000 | 0.465700 | 0.482367 | 0.509714 |
| Change (%) | -9.65% | -3.03% | - | +1.90% | +5.55% | +11.53% |
| Change | -0.044100 | -0.013850 | - | +0.008700 | +0.025367 | +0.052714 |
| Level | Intermediate | Intermediate | - | Minor | Minor | 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 | 0.394600 | 0.418800 | 0.433900 | 0.458100 | 0.473200 | 0.497400 | 0.512500 |
| Camarilla | 0.438193 | 0.441795 | 0.445398 | 0.449000 | 0.452603 | 0.456205 | 0.459808 |
| Woodie | 0.390050 | 0.416525 | 0.429350 | 0.455825 | 0.468650 | 0.495125 | 0.507950 |
| Fibonacci | 0.418800 | 0.433813 | 0.443087 | 0.458100 | 0.473113 | 0.482387 | 0.497400 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.365933 | 0.409167 | 0.462233 | 0.505467 | 0.558533 | 0.601767 | 0.654833 |
| Camarilla | 0.488818 | 0.497645 | 0.506473 | 0.515300 | 0.524128 | 0.532955 | 0.541783 |
| Woodie | 0.370850 | 0.411625 | 0.467150 | 0.507925 | 0.563450 | 0.604225 | 0.659750 |
| Fibonacci | 0.409167 | 0.445953 | 0.468680 | 0.505467 | 0.542253 | 0.564980 | 0.601767 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.025000 | 0.157000 | 0.307000 | 0.489000 | 0.639000 | 0.821000 | 0.971000 |
| Camarilla | 0.365700 | 0.396133 | 0.426567 | 0.457000 | 0.487433 | 0.517867 | 0.548300 |
| Woodie | -0.041000 | 0.149000 | 0.291000 | 0.481000 | 0.623000 | 0.813000 | 0.955000 |
| Fibonacci | 0.157000 | 0.283824 | 0.362176 | 0.489000 | 0.615824 | 0.694176 | 0.821000 |
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): | 57.64 | |
| MACD (12,26,9): | 0.0008 | |
| Directional Movement: | -1.885958 | |
| AROON (14): | 28.571429 | |
| DEMA (21): | 0.455034 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.454479 | |
| Elder Ray (13): | 0.001976 | |
| Super Trend (3,10): | 0.468653 | |
| Zig ZAG (10): | 0.457000 | |
| VORTEX (21): | 1.0835 | |
| Stochastique (14,3,5): | 81.82 | |
| TEMA (21): | 0.456844 | |
| Williams %R (14): | -13.29 | |
| Chande Momentum Oscillator (20): | 0.005900 | |
| Repulse (5,40,3): | 0.1645 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0021 | |
| Courbe Coppock: | 2.65 |
| MA7: | 0.474114 | |
| MA20: | 0.477050 | |
| MA50: | 0.536418 | |
| MA100: | 0.651643 | |
| MAexp7: | 0.455953 | |
| MAexp20: | 0.454473 | |
| MAexp50: | 0.456109 | |
| MAexp100: | 0.463804 | |
| Price / MA7: | -3.61% | |
| Price / MA20: | -4.20% | |
| Price / MA50: | -14.81% | |
| Price / MA100: | -29.87% | |
| Price / MAexp7: | +0.23% | |
| Price / MAexp20: | +0.56% | |
| Price / MAexp50: | +0.20% | |
| Price / MAexp100: | -1.47% |
This member declared not having a position on this financial instrument or a related financial instrument.
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