BITCOIN CASH - BCH/USD

- USD (-)

- Real time data - Cryptocompare

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Change:	-
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Type:	Cryptocurrencies
Ticker:	BCHUSD
ISIN:

BITCOIN CASH - BCH/USD - Daily - Technical analysis published on 04/22/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

56%

17%

28%

My opinion

Bullish above 782.09 USD

My targets

952.64 USD (+2.00%)

1,105.91 USD (+18.41%)

My analysis

BITCOIN CASH - BCH/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 782.09 USD. The next resistance located at 952.64 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1,105.91 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.3

Comment on the analysis

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 teodorassenov69. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BITCOIN CASH - BCH/USD price is 934.00 USD. The price registered an increase of +2.64% on the session and was traded between 885.87 USD and 938.04 USD over the period. The price is currently at +5.43% from its lowest and -0.43% from its highest.

885.87

938.04

934.00

Here is a more detailed summary of the historical variations registered by BITCOIN CASH - BCH/USD:

Technical

A technical analysis in Daily of this BITCOIN CASH - BCH/USD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase are moderate given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	494.10	598.12	722.00	934.00	1,105.91
Change (%)	-47.10%	-35.96%	-22.70%	-	+18.41%
Change	-439.90	-335.88	-212.00	-	+171.91
Level	Major	Major	Major	-	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	776.35	838.67	874.34	936.66	972.33	1,034.65	1,070.32
Camarilla	883.05	892.04	901.02	910.00	918.98	927.97	936.95
Woodie	763.02	832.01	861.01	930.00	959.00	1,027.99	1,056.99
Fibonacci	838.67	876.11	899.23	936.66	974.10	997.22	1,034.65

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	128.21	390.03	690.82	952.64	1,253.43	1,515.25	1,816.04
Camarilla	836.90	888.48	940.05	991.62	1,043.19	1,094.77	1,146.34
Woodie	147.71	399.77	710.32	962.38	1,272.93	1,524.99	1,835.54
Fibonacci	390.03	604.94	737.72	952.64	1,167.55	1,300.33	1,515.25

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	290.60	367.72	454.43	531.55	618.26	695.38	782.09
Camarilla	496.08	511.10	526.11	541.13	556.15	571.17	586.18
Woodie	295.39	370.12	459.22	533.95	623.05	697.78	786.88
Fibonacci	367.72	430.31	468.97	531.55	594.14	632.80	695.38

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):	63.32
MACD (12,26,9):	103.3400
Directional Movement:	16.11
AROON (14):	64.29
DEMA (21):	935.54
Parabolic SAR (0,02-0,02-0,2):	1,190.61
Elder Ray (13):	52.77
Super Trend (3,10):	799.87
Zig ZAG (10):	902.91
VORTEX (21):	1.1700
Stochastique (14,3,5):	51.01
TEMA (21):	985.49
Williams %R (14):	-52.57
Chande Momentum Oscillator (20):	232.58
Repulse (5,40,3):	-5.8900
ROCnROLL:	1
TRIX (15,9):	2.1600
Courbe Coppock:	99.61

MA7:	961.48
MA20:	774.97
MA50:	625.40
MA100:	570.26
MAexp7:	911.33
MAexp20:	806.01
MAexp50:	678.98
MAexp100:	585.84
Price / MA7:	-2.86%
Price / MA20:	+20.52%
Price / MA50:	+49.34%
Price / MA100:	+63.78%
Price / MAexp7:	+2.49%
Price / MAexp20:	+15.88%
Price / MAexp50:	+37.56%
Price / MAexp100:	+59.43%

Quotes : - Real time data - Cryptocompare

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

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