BITCOIN CASH - BCH/USD - 1H - Technical analysis published on 10/05/2020 (GMT)
- Who voted?
- 126
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 218.36 USD
My targets
223.49 USD (+1.31%)
231.20 USD (+4.81%)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on BITCOIN CASH - BCH/USD as long as the price remains well above 218.36 USD. The buyers” bullish objective is set at 223.49 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 231.20 USD. If there is any crossing, the next objective would be the resistance located at 235.26 USD.
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
3.4
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 220.60 USD. On the day, this instrument lost -0.14% with the lowest point at 218.50 USD and the highest point at 222.60 USD. The deviation from the price is +0.96% for the low point and -0.90% for the high point.218.50
222.60
220.60
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 this 1H chart of BITCOIN CASH - BCH/USD indicates that the overall trend is slightly bullish. 50.00% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 213.70 | 216.47 | 218.36 | 220.60 | 223.49 | 231.20 | 235.26 |
| Change (%) | -3.13% | -1.87% | -1.02% | - | +1.31% | +4.81% | +6.65% |
| Change | -6.90 | -4.13 | -2.24 | - | +2.89 | +10.60 | +14.66 |
| Level | Intermediate | Intermediate | Minor | - | Major | 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 | 211.54 | 214.12 | 217.51 | 220.09 | 223.48 | 226.06 | 229.45 |
| Camarilla | 219.26 | 219.81 | 220.35 | 220.90 | 221.45 | 222.00 | 222.54 |
| Woodie | 211.95 | 214.32 | 217.92 | 220.29 | 223.89 | 226.26 | 229.86 |
| Fibonacci | 214.12 | 216.40 | 217.81 | 220.09 | 222.37 | 223.78 | 226.06 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 189.03 | 201.37 | 209.93 | 222.27 | 230.83 | 243.17 | 251.73 |
| Camarilla | 212.75 | 214.67 | 216.58 | 218.50 | 220.42 | 222.33 | 224.25 |
| Woodie | 187.15 | 200.43 | 208.05 | 221.33 | 228.95 | 242.23 | 249.85 |
| Fibonacci | 201.37 | 209.35 | 214.28 | 222.27 | 230.25 | 235.18 | 243.17 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 97.17 | 150.33 | 189.67 | 242.83 | 282.17 | 335.33 | 374.67 |
| Camarilla | 203.56 | 212.04 | 220.52 | 229.00 | 237.48 | 245.96 | 254.44 |
| Woodie | 90.25 | 146.88 | 182.75 | 239.38 | 275.25 | 331.88 | 367.75 |
| Fibonacci | 150.33 | 185.67 | 207.50 | 242.83 | 278.17 | 300.00 | 335.33 |
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): | 53.94 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 2.48 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 220.29 | |
| Parabolic SAR (0,02-0,02-0,2): | 221.05 | |
| Elder Ray (13): | 0.63 | |
| Super Trend (3,10): | 218.89 | |
| Zig ZAG (10): | 220.80 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 43.09 | |
| TEMA (21): | 220.21 | |
| Williams %R (14): | -43.90 | |
| Chande Momentum Oscillator (20): | -0.90 | |
| Repulse (5,40,3): | 0.5800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.84 |
| MA7: | 224.67 | |
| MA20: | 223.94 | |
| MA50: | 244.76 | |
| MA100: | 251.55 | |
| MAexp7: | 220.18 | |
| MAexp20: | 220.22 | |
| MAexp50: | 220.27 | |
| MAexp100: | 221.08 | |
| Price / MA7: | -1.81% | |
| Price / MA20: | -1.49% | |
| Price / MA50: | -9.87% | |
| Price / MA100: | -12.30% | |
| Price / MAexp7: | +0.19% | |
| Price / MAexp20: | +0.17% | |
| Price / MAexp50: | +0.15% | |
| Price / MAexp100: | -0.22% |
Quotes :
2020-10-05 13:31:10
-
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