BITCOIN CASH - BCH/USD - 1H - Technical analysis published on 07/21/2020 (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:
Bullish
De fond:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 226.47 USD
My targets
235.00 USD (+2.63%)
237.67 USD (+3.80%)
My analysis
The basic bullish trend is very strong on BITCOIN CASH - BCH/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 226.47 USD. Crossing the first resistance at 235.00 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 237.67 USD as an objective. Crossing it would then enable buyers to target 242.49 USD. Caution, a return to below 226.47 USD would be a sign of a consolidation phase in the short-term basic trend. 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
8.4
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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 228.98 USD. On the day, this instrument gained +2.79% with the lowest point at 222.32 USD and the highest point at 230.16 USD. The deviation from the price is +3.00% for the low point and -0.51% for the high point.222.32
230.16
228.98
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this BITCOIN CASH - BCH/USD chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
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 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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 triangle
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 220.48 | 223.84 | 226.47 | 228.98 | 235.00 | 237.67 | 242.49 |
| Change (%) | -3.71% | -2.24% | -1.10% | - | +2.63% | +3.80% | +5.90% |
| Change | -8.50 | -5.14 | -2.51 | - | +6.02 | +8.69 | +13.51 |
| Level | Intermediate | Minor | Major | - | Minor | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 212.36 | 216.73 | 219.75 | 224.12 | 227.14 | 231.51 | 234.53 |
| Camarilla | 220.74 | 221.42 | 222.09 | 222.77 | 223.45 | 224.13 | 224.80 |
| Woodie | 211.69 | 216.39 | 219.08 | 223.78 | 226.47 | 231.17 | 233.86 |
| Fibonacci | 216.73 | 219.55 | 221.30 | 224.12 | 226.94 | 228.69 | 231.51 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 69.34 | |
| MACD (12,26,9): | 1.2300 | |
| Directional Movement: | 28.33 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 227.80 | |
| Parabolic SAR (0,02-0,02-0,2): | 225.52 | |
| Elder Ray (13): | 2.59 | |
| Super Trend (3,10): | 226.20 | |
| Zig ZAG (10): | 229.46 | |
| VORTEX (21): | 1.1900 | |
| Stochastique (14,3,5): | 91.31 | |
| TEMA (21): | 228.90 | |
| Williams %R (14): | -8.80 | |
| Chande Momentum Oscillator (20): | 6.60 | |
| Repulse (5,40,3): | 0.1300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 4.55 |
| MA7: | 225.55 | |
| MA20: | 230.13 | |
| MA50: | 235.56 | |
| MA100: | 237.54 | |
| MAexp7: | 228.35 | |
| MAexp20: | 226.53 | |
| MAexp50: | 225.53 | |
| MAexp100: | 225.43 | |
| Price / MA7: | +1.52% | |
| Price / MA20: | -0.50% | |
| Price / MA50: | -2.79% | |
| Price / MA100: | -3.60% | |
| Price / MAexp7: | +0.28% | |
| Price / MAexp20: | +1.08% | |
| Price / MAexp50: | +1.53% | |
| Price / MAexp100: | +1.57% |
Quotes :
2020-07-21 11:43:07
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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