BITCOIN CASH - BCH/USD - 1H - Technical analysis published on 08/03/2020 (GMT)
- Who voted?
- 132
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Slightly bearish
Technical indicators
50%
0%
50%
My opinion
Neutral between 287.43 USD and 295.57 USD
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bearish trend on BITCOIN CASH - BCH/USD. It is difficult to advise a trading direction under these conditions. The first support is located at 287.43 USD. The first resistance is located at 295.57 USD. You could stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.
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
The BITCOIN CASH - BCH/USD rating is 291.52 USD. The price has increased by +2.81% since the last closing with the lowest point at 279.50 USD and the highest point at 292.76 USD. The deviation from the price is +4.30% for the low point and -0.42% for the high point.279.50
292.76
291.52
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of BITCOIN CASH - BCH/USD in 1H shows an overall slightly bearish trend. 53.57% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the overall trend could quickly return to neutral as well. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 244.47 | 266.54 | 287.43 | 291.52 | 308.22 | 349.89 | 404.40 |
| Change (%) | -16.14% | -8.57% | -1.40% | - | +5.73% | +20.02% | +38.72% |
| Change | -47.05 | -24.98 | -4.09 | - | +16.70 | +58.37 | +112.88 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 142.95 | 192.72 | 238.14 | 287.91 | 333.33 | 383.10 | 428.52 |
| Camarilla | 257.37 | 266.10 | 274.82 | 283.55 | 292.28 | 301.00 | 309.73 |
| Woodie | 140.77 | 191.63 | 235.96 | 286.82 | 331.15 | 382.01 | 426.34 |
| Fibonacci | 192.72 | 229.09 | 251.55 | 287.91 | 324.28 | 346.74 | 383.10 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 192.05 | 218.35 | 269.27 | 295.57 | 346.49 | 372.79 | 423.71 |
| Camarilla | 298.95 | 306.02 | 313.10 | 320.18 | 327.26 | 334.34 | 341.42 |
| Woodie | 204.35 | 224.51 | 281.57 | 301.73 | 358.79 | 378.95 | 436.01 |
| Fibonacci | 218.35 | 247.85 | 266.08 | 295.57 | 325.07 | 343.30 | 372.79 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 152.34 | 184.19 | 242.89 | 274.74 | 333.44 | 365.29 | 423.99 |
| Camarilla | 276.68 | 284.98 | 293.28 | 301.58 | 309.88 | 318.18 | 326.48 |
| Woodie | 165.76 | 190.90 | 256.31 | 281.45 | 346.86 | 372.00 | 437.41 |
| Fibonacci | 184.19 | 218.78 | 240.15 | 274.74 | 309.33 | 330.70 | 365.29 |
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): | 52.28 | |
| MACD (12,26,9): | -1.1700 | |
| Directional Movement: | -7.14 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 287.29 | |
| Parabolic SAR (0,02-0,02-0,2): | 294.42 | |
| Elder Ray (13): | 0.83 | |
| Super Trend (3,10): | 298.88 | |
| Zig ZAG (10): | 289.45 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 72.32 | |
| TEMA (21): | 288.60 | |
| Williams %R (14): | -27.60 | |
| Chande Momentum Oscillator (20): | 5.35 | |
| Repulse (5,40,3): | 0.0900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1300 | |
| Courbe Coppock: | 2.20 |
| MA7: | 294.86 | |
| MA20: | 256.34 | |
| MA50: | 241.63 | |
| MA100: | 243.12 | |
| MAexp7: | 289.09 | |
| MAexp20: | 289.69 | |
| MAexp50: | 293.50 | |
| MAexp100: | 293.21 | |
| Price / MA7: | -1.13% | |
| Price / MA20: | +13.72% | |
| Price / MA50: | +20.65% | |
| Price / MA100: | +19.91% | |
| Price / MAexp7: | +0.84% | |
| Price / MAexp20: | +0.63% | |
| Price / MAexp50: | -0.67% | |
| Price / MAexp100: | -0.58% |
Quotes :
2020-08-03 11:55:57
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis BITCOIN CASH - BCH/USD - 1H