BITCOIN CASH - BCH/USD
BITCOIN CASH - BCH/USD
- USD (-)
- Real time data - Cryptocompare
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Change: -
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Type: Cryptocurrencies
Ticker: BCHUSD
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BITCOIN CASH - BCH/USD - Daily - Technical analysis published on 10/29/2020 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Court terme: Neutral
De fond: Bullish
Technical indicators
39%
28%
33%
My opinion
Bullish above 241.23 USD
My targets
291.79 USD (+9.20%)
308.57 USD (+15.48%)
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 above the support located at 241.23 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 291.79 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 308.57 USD as an objective. Crossing it would then enable buyers to target 318.20 USD. If the support 241.23 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
3.2

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:
15 min. 1H Weekly

Additional analysis

Quotes

BITCOIN CASH - BCH/USD rating 267.20 USD. The price is lower by -0.55% since the last closing and was traded between 258.11 USD and 271.40 USD over the period. The price is currently at +3.52% from its lowest and -1.55% from its highest.

258.11
271.40
267.20

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

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


Technical analysis of BITCOIN CASH - BCH/USD in Daily shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily



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:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 223.49 241.23 265.08 267.20 291.79 308.57 318.20
Change (%) -16.36% -9.72% -0.79% - +9.20% +15.48% +19.09%
Change -43.71 -25.97 -2.12 - +24.59 +41.37 +51.00
Level Intermediate Intermediate Major - Minor 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
Standard237.48248.49258.58269.59279.68290.69300.78
Camarilla262.87264.80266.74268.67270.60272.54274.47
Woodie237.02248.26258.12269.36279.22290.46300.32
Fibonacci248.49256.55261.53269.59277.65282.63290.69


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard210.21224.29250.34264.42290.47304.55330.60
Camarilla265.36269.04272.72276.40280.08283.76287.44
Woodie216.21227.28256.34267.41296.47307.54336.60
Fibonacci224.29239.62249.09264.42279.75289.22304.55


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard285.97375.68317.67407.38349.37439.08381.07
Camarilla250.93253.84256.74259.65262.56265.46268.37
Woodie212.10338.75243.80370.45275.50402.15307.20
Fibonacci375.68387.79395.27407.38419.49426.97439.08

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): 49.93
MACD (12,26,9): 16.1600
Directional Movement: 3.12
AROON (14): 50.00
DEMA (21): 293.69
Parabolic SAR (0,02-0,02-0,2): 497.10
Elder Ray (13): -17.82
Super Trend (3,10): 408.56
Zig ZAG (10): 266.21
VORTEX (21): 0.9800
Stochastique (14,3,5): 10.88
TEMA (21): 304.33
Williams %R (14): -89.32
Chande Momentum Oscillator (20): 16.60
Repulse (5,40,3): 2.0400
ROCnROLL: -1
TRIX (15,9): 0.9000
Courbe Coppock: 37.22
MA7: 300.34
MA20: 269.47
MA50: 243.21
MA100: 259.62
MAexp7: 290.08
MAexp20: 273.65
MAexp50: 257.43
MAexp100: 254.02
Price / MA7: -11.03%
Price / MA20: -0.84%
Price / MA50: +9.86%
Price / MA100: +2.92%
Price / MAexp7: -7.89%
Price / MAexp20: -2.36%
Price / MAexp50: +3.80%
Price / MAexp100: +5.19%

Quotes : 2020-10-29 16:27:23 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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