BITCOIN CASH - BCH/USD - 1H - Technical analysis published on 07/08/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 239.10 USD
My targets
244.05 USD (+1.19%)
266.54 USD (+10.51%)
My analysis
The bullish trend is currently very strong on BITCOIN CASH - BCH/USD. As long as the price remains above the support at 239.10 USD, you could try to benefit from the boom. The first bullish objective is located at 244.05 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 266.54 USD as an objective. Crossing it would then enable buyers to target 308.22 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
7.9
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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
BITCOIN CASH - BCH/USD rating 241.18 USD. On the day, this instrument gained +1.46% and was between 236.00 USD and 244.72 USD. This implies that the price is at +2.19% from its lowest and at -1.45% from its highest.236.00
244.72
241.18
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BITCOIN CASH - BCH/USD:
Technical
Technical analysis of BITCOIN CASH - BCH/USD in 1H shows a strongly overall bullish trend. 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.
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 226.71 | 234.80 | 239.10 | 241.18 | 241.36 | 244.05 | 266.54 |
| Change (%) | -6.00% | -2.65% | -0.86% | - | +0.07% | +1.19% | +10.51% |
| Change | -14.47 | -6.38 | -2.08 | - | +0.18 | +2.87 | +25.36 |
| Level | Major | Minor | Major | - | 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 | 196.30 | 219.40 | 236.45 | 259.55 | 276.60 | 299.70 | 316.75 |
| Camarilla | 242.46 | 246.14 | 249.82 | 253.50 | 257.18 | 260.86 | 264.54 |
| Woodie | 193.28 | 217.89 | 233.43 | 258.04 | 273.58 | 298.19 | 313.73 |
| Fibonacci | 219.40 | 234.74 | 244.21 | 259.55 | 274.89 | 284.36 | 299.70 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 202.31 | 207.85 | 216.52 | 222.06 | 230.73 | 236.27 | 244.94 |
| Camarilla | 221.27 | 222.58 | 223.88 | 225.18 | 226.48 | 227.79 | 229.09 |
| Woodie | 203.87 | 208.63 | 218.08 | 222.84 | 232.29 | 237.05 | 246.50 |
| Fibonacci | 207.85 | 213.28 | 216.64 | 222.06 | 227.49 | 230.85 | 236.27 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 185.77 | 214.14 | 225.92 | 254.29 | 266.07 | 294.44 | 306.22 |
| Camarilla | 226.67 | 230.35 | 234.03 | 237.71 | 241.39 | 245.07 | 248.75 |
| Woodie | 177.49 | 209.99 | 217.64 | 250.14 | 257.79 | 290.29 | 297.94 |
| Fibonacci | 214.14 | 229.47 | 238.95 | 254.29 | 269.62 | 279.10 | 294.44 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 56.03 | |
| MACD (12,26,9): | 1.2900 | |
| Directional Movement: | 9.76 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 241.55 | |
| Parabolic SAR (0,02-0,02-0,2): | 227.25 | |
| Elder Ray (13): | 2.36 | |
| Super Trend (3,10): | 232.57 | |
| Zig ZAG (10): | 242.53 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 94.16 | |
| TEMA (21): | 241.75 | |
| Williams %R (14): | -11.49 | |
| Chande Momentum Oscillator (20): | 1.68 | |
| Repulse (5,40,3): | 0.2600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 2.38 |
| MA7: | 235.00 | |
| MA20: | 230.72 | |
| MA50: | 237.48 | |
| MA100: | 239.14 | |
| MAexp7: | 241.60 | |
| MAexp20: | 240.02 | |
| MAexp50: | 237.20 | |
| MAexp100: | 233.18 | |
| Price / MA7: | +2.63% | |
| Price / MA20: | +4.53% | |
| Price / MA50: | +1.56% | |
| Price / MA100: | +0.85% | |
| Price / MAexp7: | -0.17% | |
| Price / MAexp20: | +0.48% | |
| Price / MAexp50: | +1.68% | |
| Price / MAexp100: | +3.43% |
Quotes :
2020-07-08 12:59:41
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Real time data
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