BITCOIN CASH - BCH/USD
BITCOIN CASH - BCH/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: BCHUSD
ISIN:

BITCOIN CASH - BCH/USD - Daily - Technical analysis published on 02/28/2021 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Neutral
Technical indicators
17%
72%
11%
My opinion
Bearish under 494.10 USD
My targets
366.39 USD (-19.32%)
320.55 USD (-29.42%)
My analysis
The current short-term bearish acceleration registered on BITCOIN CASH - BCH/USD should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 494.10 USD. Short-term sellers will use the support located at 366.39 USD as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 320.55 USD. Crossing this support would then open the door for sellers to target 276.15 USD. Caution, if there is a return to below 494.10 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
2.9

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 sadaghiyani. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The BITCOIN CASH - BCH/USD price is 454.15 USD. The price is lower by -6.13% since the last closing and was traded between 441.73 USD and 485.40 USD over the period. The price is currently at +2.81% from its lowest and -6.44% from its highest.

441.73
485.40
454.15

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:

Technical


Technical analysis of this Daily chart of BITCOIN CASH - BCH/USD indicates that the overall trend is not clearly defined. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Daily


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily



In fact, 13 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily


Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly


Ichimoku - Bearish crossover : Tenkan & Kijun

Type : Bearish

Timeframe : Daily



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 76.11 276.15 320.55 454.15 494.10 627.91 721.56
Change (%) -83.24% -39.19% -29.42% - +8.80% +38.26% +58.88%
Change -378.04 -178.00 -133.60 - +39.95 +173.76 +267.41
Level Minor Intermediate Major - Major Major Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard444.74459.50471.67486.43498.60513.36525.53
Camarilla476.42478.89481.36483.83486.30488.77491.24
Woodie443.44458.85470.37485.78497.30512.71524.23
Fibonacci459.50469.79476.15486.43496.72503.08513.36


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard64.04248.95366.39551.30668.74853.65971.09
Camarilla400.68428.40456.12483.83511.55539.26566.98
Woodie30.31232.08332.66534.43635.01836.78937.36
Fibonacci248.95364.45435.80551.30666.80738.15853.65


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-20.25156.12278.06454.43576.37752.74874.68
Camarilla317.97345.31372.66400.00427.35454.69482.04
Woodie-47.47142.51250.85440.82549.16739.13847.47
Fibonacci156.12270.07340.48454.43568.38638.79752.74

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): 38.32
MACD (12,26,9): -2.8200
Directional Movement: -15.78
AROON (14): -57.15
DEMA (21): 569.61
Parabolic SAR (0,02-0,02-0,2): 672.49
Elder Ray (13): -88.65
Super Trend (3,10): 686.75
Zig ZAG (10): 461.65
VORTEX (21): 1.0000
Stochastique (14,3,5): 12.59
TEMA (21): 533.26
Williams %R (14): -91.61
Chande Momentum Oscillator (20): -243.06
Repulse (5,40,3): -10.0400
ROCnROLL: 2
TRIX (15,9): 0.8700
Courbe Coppock: 22.91
MA7: 514.86
MA20: 603.05
MA50: 514.93
MA100: 420.00
MAexp7: 519.37
MAexp20: 557.67
MAexp50: 514.04
MAexp100: 446.84
Price / MA7: -11.79%
Price / MA20: -24.69%
Price / MA50: -11.80%
Price / MA100: +8.13%
Price / MAexp7: -12.56%
Price / MAexp20: -18.56%
Price / MAexp50: -11.65%
Price / MAexp100: +1.64%

Quotes : 2021-02-28 12:24:57 - Real time data - Cryptocompare

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

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