BITCOIN CASH - BCH/USD - 1H - Technical analysis published on 06/30/2020 (GMT)
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- Timeframe : 1H
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- Status : NEUTRAL
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Neutral
Technical indicators
17%
33%
50%
My opinion
Neutral between 218.21 USD and 229.56 USD
My targets
-
My analysis
The basic trend is neutral and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 229.56 USD. The first support is located at 218.21 USD. However, the chances of finding the first resistance before the first support are slightly higher. Without a basic trend, it is be important to monitor the price response at these levels. A bullish break in resistance or a bearish break in support could provide a signal that would set a new direction for the basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by BITCOIN CASH - BCH/USD.
Technical indicators are neutral in the very short term and are not able to influence the opinion of this 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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BITCOIN CASH - BCH/USD rating 223.42 USD. The price is lower by -0.80% since the last closing and was between 222.40 USD and 226.05 USD. This implies that the price is at +0.46% from its lowest and at -1.16% from its highest.222.40
226.05
223.42
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:
Technical
A technical analysis in 1H of this BITCOIN CASH - BCH/USD chart shows a neutral trend. The slightly bullish signals currently given by short-term moving averages could allow the overall trend to return to a slightly bullish trend. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 3 are bullish, 9 are neutral and 6 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 214.48 | 218.21 | 223.31 | 223.42 | 229.56 | 233.19 | 239.23 |
| Change (%) | -4.00% | -2.33% | -0.05% | - | +2.75% | +4.37% | +7.08% |
| Change | -8.94 | -5.21 | -0.11 | - | +6.14 | +9.77 | +15.81 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Intermediate | 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 | 210.34 | 214.28 | 219.74 | 223.68 | 229.14 | 233.08 | 238.54 |
| Camarilla | 222.63 | 223.49 | 224.35 | 225.21 | 226.07 | 226.93 | 227.80 |
| Woodie | 211.11 | 214.66 | 220.51 | 224.06 | 229.91 | 233.46 | 239.31 |
| Fibonacci | 214.28 | 217.87 | 220.09 | 223.68 | 227.27 | 229.49 | 233.08 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 150.28 | 175.15 | 195.62 | 220.49 | 240.96 | 265.83 | 286.30 |
| Camarilla | 203.63 | 207.79 | 211.94 | 216.10 | 220.26 | 224.41 | 228.57 |
| Woodie | 148.09 | 174.05 | 193.43 | 219.39 | 238.77 | 264.73 | 284.11 |
| Fibonacci | 175.15 | 192.47 | 203.17 | 220.49 | 237.81 | 248.51 | 265.83 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 153.99 | 186.28 | 212.58 | 244.87 | 271.17 | 303.46 | 329.76 |
| Camarilla | 222.78 | 228.15 | 233.52 | 238.89 | 244.26 | 249.63 | 255.00 |
| Woodie | 151.01 | 184.78 | 209.60 | 243.37 | 268.19 | 301.96 | 326.78 |
| Fibonacci | 186.28 | 208.66 | 222.49 | 244.87 | 267.25 | 281.08 | 303.46 |
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): | 51.83 | |
| MACD (12,26,9): | 0.6500 | |
| Directional Movement: | 10.40 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 224.10 | |
| Parabolic SAR (0,02-0,02-0,2): | 227.40 | |
| Elder Ray (13): | -0.27 | |
| Super Trend (3,10): | 220.90 | |
| Zig ZAG (10): | 223.34 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 32.13 | |
| TEMA (21): | 224.24 | |
| Williams %R (14): | -83.24 | |
| Chande Momentum Oscillator (20): | -0.16 | |
| Repulse (5,40,3): | -0.4400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 1.69 |
| MA7: | 225.98 | |
| MA20: | 233.14 | |
| MA50: | 238.96 | |
| MA100: | 238.00 | |
| MAexp7: | 223.58 | |
| MAexp20: | 223.28 | |
| MAexp50: | 222.80 | |
| MAexp100: | 224.41 | |
| Price / MA7: | -1.13% | |
| Price / MA20: | -4.17% | |
| Price / MA50: | -6.50% | |
| Price / MA100: | -6.13% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | +0.28% | |
| Price / MAexp100: | -0.44% |
Quotes :
2020-06-30 08:43:27
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Real time data
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Cryptocompare
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