BITCOIN CASH - BCH/USD - 1H - Technical analysis published on 07/20/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
17%
28%
56%
My opinion
Bullish above 222.40 USD
My targets
231.23 USD (+2.40%)
233.58 USD (+3.45%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 222.40 USD remains possible. It is advisable to trade BITCOIN CASH - BCH/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 222.40 USD. The next bullish objective for buyers is set at 231.23 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 233.58 USD. If there is any crossing, the next objective would be the resistance located at 239.19 USD. PS: if there is a bearish break in the support located at 222.40 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
3.2
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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 CASH - BCH/USD rating is 225.80 USD. The price registered a decrease of -0.97% on the session and was traded between 225.80 USD and 228.49 USD over the period. The price is currently at 0% from its lowest and -1.18% from its highest.225.80
228.49
225.80
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
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 bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 3 are bullish, 10 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
Type : Bearish
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 | 216.05 | 222.40 | 224.85 | 225.80 | 231.23 | 233.58 | 239.19 |
| Change (%) | -4.32% | -1.51% | -0.42% | - | +2.40% | +3.45% | +5.93% |
| Change | -9.75 | -3.40 | -0.95 | - | +5.43 | +7.78 | +13.39 |
| Level | Intermediate | Minor | Minor | - | Minor | Intermediate | 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 | 214.27 | 217.38 | 222.69 | 225.80 | 231.11 | 234.22 | 239.53 |
| Camarilla | 225.70 | 226.47 | 227.24 | 228.01 | 228.78 | 229.55 | 230.33 |
| Woodie | 215.38 | 217.93 | 223.80 | 226.35 | 232.22 | 234.77 | 240.64 |
| Fibonacci | 217.38 | 220.59 | 222.58 | 225.80 | 229.01 | 231.00 | 234.22 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 190.78 | 203.41 | 213.94 | 226.57 | 237.10 | 249.73 | 260.26 |
| Camarilla | 218.09 | 220.21 | 222.34 | 224.46 | 226.58 | 228.71 | 230.83 |
| Woodie | 189.72 | 202.89 | 212.88 | 226.05 | 236.04 | 249.21 | 259.20 |
| Fibonacci | 203.41 | 212.26 | 217.73 | 226.57 | 235.42 | 240.89 | 249.73 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 122.34 | 161.18 | 191.77 | 230.61 | 261.20 | 300.04 | 330.63 |
| Camarilla | 203.28 | 209.64 | 216.01 | 222.37 | 228.73 | 235.10 | 241.46 |
| Woodie | 118.23 | 159.12 | 187.66 | 228.55 | 257.09 | 297.98 | 326.52 |
| Fibonacci | 161.18 | 187.70 | 204.08 | 230.61 | 257.13 | 273.51 | 300.04 |
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): | 53.59 | |
| MACD (12,26,9): | 0.4900 | |
| Directional Movement: | 4.12 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 226.65 | |
| Parabolic SAR (0,02-0,02-0,2): | 228.15 | |
| Elder Ray (13): | -0.08 | |
| Super Trend (3,10): | 224.62 | |
| Zig ZAG (10): | 226.10 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 20.17 | |
| TEMA (21): | 226.73 | |
| Williams %R (14): | -89.17 | |
| Chande Momentum Oscillator (20): | -1.30 | |
| Repulse (5,40,3): | -0.2900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 0.81 |
| MA7: | 226.09 | |
| MA20: | 229.99 | |
| MA50: | 236.10 | |
| MA100: | 237.61 | |
| MAexp7: | 226.17 | |
| MAexp20: | 225.91 | |
| MAexp50: | 225.17 | |
| MAexp100: | 225.42 | |
| Price / MA7: | -0.13% | |
| Price / MA20: | -1.82% | |
| Price / MA50: | -4.36% | |
| Price / MA100: | -4.97% | |
| Price / MAexp7: | -0.16% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | +0.28% | |
| Price / MAexp100: | +0.17% |
Quotes :
2020-07-20 09:55:44
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Real time data
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Cryptocompare
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