BITCOIN CASH - BCH/USD - 1H - Technical analysis published on 10/27/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 265.08 USD
My targets
258.22 USD (-1.19%)
253.20 USD (-3.11%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on BITCOIN CASH - BCH/USD. As long as you are under the resistance located at 265.08 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 258.22 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 253.20 USD as an objective. Crossing it would then enable sellers to target 245.40 USD. If the resistance 265.08 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
1.4
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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 261.33 USD. The price registered an increase of +0.65% on the session and was traded between 257.50 USD and 262.60 USD over the period. The price is currently at +1.49% from its lowest and -0.48% from its highest.257.50
262.60
261.33
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BITCOIN CASH - BCH/USD:
Technical
Technical analysis of this 1H chart of BITCOIN CASH - BCH/USD indicates that the overall trend is bearish. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, 11 technical indicators on 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
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
White hanging man / hammer
Type : Neutral
Timeframe : 1 hour
Dragon-fly doji
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 245.40 | 253.20 | 258.22 | 261.33 | 265.08 | 268.41 | 271.54 |
| Change (%) | -6.10% | -3.11% | -1.19% | - | +1.43% | +2.71% | +3.91% |
| Change | -15.93 | -8.13 | -3.11 | - | +3.75 | +7.08 | +10.21 |
| Level | Minor | Intermediate | Minor | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 442.27 | 453.83 | 473.97 | 485.53 | 505.67 | 517.23 | 537.37 |
| Camarilla | 485.38 | 488.29 | 491.19 | 494.10 | 497.01 | 499.91 | 502.82 |
| Woodie | 446.55 | 455.98 | 478.25 | 487.68 | 509.95 | 519.38 | 541.65 |
| Fibonacci | 453.83 | 465.94 | 473.42 | 485.53 | 497.64 | 505.12 | 517.23 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 210.21 | 224.29 | 250.34 | 264.42 | 290.47 | 304.55 | 330.60 |
| Camarilla | 265.36 | 269.04 | 272.72 | 276.40 | 280.08 | 283.76 | 287.44 |
| Woodie | 216.21 | 227.28 | 256.34 | 267.41 | 296.47 | 307.54 | 336.60 |
| Fibonacci | 224.29 | 239.62 | 249.09 | 264.42 | 279.75 | 289.22 | 304.55 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 285.97 | 375.68 | 317.67 | 407.38 | 349.37 | 439.08 | 381.07 |
| Camarilla | 250.93 | 253.84 | 256.74 | 259.65 | 262.56 | 265.46 | 268.37 |
| Woodie | 212.10 | 338.75 | 243.80 | 370.45 | 275.50 | 402.15 | 307.20 |
| Fibonacci | 375.68 | 387.79 | 395.27 | 407.38 | 419.49 | 426.97 | 439.08 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 47.59 | |
| MACD (12,26,9): | -1.4600 | |
| Directional Movement: | -4.68 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 258.40 | |
| Parabolic SAR (0,02-0,02-0,2): | 269.53 | |
| Elder Ray (13): | 0.17 | |
| Super Trend (3,10): | 249.36 | |
| Zig ZAG (10): | 260.73 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 52.97 | |
| TEMA (21): | 259.34 | |
| Williams %R (14): | -43.21 | |
| Chande Momentum Oscillator (20): | 0.22 | |
| Repulse (5,40,3): | 1.0400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1200 | |
| Courbe Coppock: | 0.60 |
| MA7: | 300.45 | |
| MA20: | 266.23 | |
| MA50: | 241.45 | |
| MA100: | 258.93 | |
| MAexp7: | 260.36 | |
| MAexp20: | 260.68 | |
| MAexp50: | 264.04 | |
| MAexp100: | 265.49 | |
| Price / MA7: | -13.02% | |
| Price / MA20: | -1.84% | |
| Price / MA50: | +8.23% | |
| Price / MA100: | +0.93% | |
| Price / MAexp7: | +0.37% | |
| Price / MAexp20: | +0.25% | |
| Price / MAexp50: | -1.03% | |
| Price / MAexp100: | -1.57% |
Quotes :
2020-10-27 11:12:44
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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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