BITCOIN CASH - BCH/USD - 1H - Technical analysis published on 10/14/2020 (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
39%
28%
33%
My opinion
Bullish above 243.26 USD
My targets
265.08 USD (+3.63%)
280.87 USD (+9.80%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BITCOIN CASH - BCH/USD as long as the price remains well above 243.26 USD. The buyers” bullish objective is set at 265.08 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 280.87 USD. If there is any crossing, the next objective would be the resistance located at 291.79 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
6.4
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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
BITCOIN CASH - BCH/USD rating 255.80 USD. The price registered an increase of +0.83% on the session with the lowest point at 250.20 USD and the highest point at 258.40 USD. The deviation from the price is +2.24% for the low point and -1.01% for the high point.250.20
258.40
255.80
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
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. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
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 : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
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
Resistance of channel is broken
Type : Bullish
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 | 236.05 | 243.26 | 255.20 | 255.80 | 265.08 | 291.79 | 318.20 |
| Change (%) | -7.72% | -4.90% | -0.23% | - | +3.63% | +14.07% | +24.39% |
| Change | -19.75 | -12.54 | -0.60 | - | +9.28 | +35.99 | +62.40 |
| Level | Major | Minor | Intermediate | - | Intermediate | Minor | 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 | 225.20 | 231.50 | 242.60 | 248.90 | 260.00 | 266.30 | 277.40 |
| Camarilla | 248.92 | 250.51 | 252.11 | 253.70 | 255.30 | 256.89 | 258.49 |
| Woodie | 227.60 | 232.70 | 245.00 | 250.10 | 262.40 | 267.50 | 279.80 |
| Fibonacci | 231.50 | 238.15 | 242.25 | 248.90 | 255.55 | 259.65 | 266.30 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 189.67 | 202.93 | 220.07 | 233.33 | 250.47 | 263.73 | 280.87 |
| Camarilla | 228.84 | 231.63 | 234.41 | 237.20 | 239.99 | 242.77 | 245.56 |
| Woodie | 191.60 | 203.90 | 222.00 | 234.30 | 252.40 | 264.70 | 282.80 |
| Fibonacci | 202.93 | 214.55 | 221.72 | 233.33 | 244.95 | 252.12 | 263.73 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 60.69 | |
| MACD (12,26,9): | 1.6400 | |
| Directional Movement: | 6.63 | |
| AROON (14): | -64.28 | |
| DEMA (21): | 255.42 | |
| Parabolic SAR (0,02-0,02-0,2): | 255.70 | |
| Elder Ray (13): | 1.57 | |
| Super Trend (3,10): | 249.04 | |
| Zig ZAG (10): | 255.50 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 45.12 | |
| TEMA (21): | 254.77 | |
| Williams %R (14): | -36.59 | |
| Chande Momentum Oscillator (20): | -1.20 | |
| Repulse (5,40,3): | 1.1700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1300 | |
| Courbe Coppock: | 0.00 |
| MA7: | 242.40 | |
| MA20: | 230.41 | |
| MA50: | 234.99 | |
| MA100: | 252.74 | |
| MAexp7: | 253.85 | |
| MAexp20: | 252.91 | |
| MAexp50: | 248.97 | |
| MAexp100: | 244.48 | |
| Price / MA7: | +5.53% | |
| Price / MA20: | +11.02% | |
| Price / MA50: | +8.86% | |
| Price / MA100: | +1.21% | |
| Price / MAexp7: | +0.77% | |
| Price / MAexp20: | +1.14% | |
| Price / MAexp50: | +2.74% | |
| Price / MAexp100: | +4.63% |
Quotes :
2020-10-14 13:51:55
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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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