BITCOIN CASH - BCH/USD - 1H - Technical analysis published on 05/27/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 722.00 USD
My targets
820.68 USD (+3.13%)
865.48 USD (+8.76%)
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 722.00 USD. The next resistance located at 820.68 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 865.48 USD. After this resistance, buyers could then target 954.31 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
9.1
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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
The BITCOIN CASH - BCH/USD rating is 795.78 USD. On the day, this instrument gained +4.33% with the lowest point at 702.38 USD and the highest point at 806.31 USD. The deviation from the price is +13.30% for the low point and -1.31% for the high point.702.38
806.31
795.78
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.
Bullish opening
Type : Bullish
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 strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
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 : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 627.91 | 722.00 | 791.30 | 795.78 | 865.48 | 954.31 | 1,105.91 |
| Change (%) | -21.10% | -9.27% | -0.56% | - | +8.76% | +19.92% | +38.97% |
| Change | -167.87 | -73.78 | -4.48 | - | +69.70 | +158.53 | +310.13 |
| Level | Major | Major | Major | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 637.27 | 673.23 | 717.99 | 753.95 | 798.71 | 834.67 | 879.43 |
| Camarilla | 740.55 | 747.95 | 755.35 | 762.75 | 770.15 | 777.55 | 784.95 |
| Woodie | 641.67 | 675.43 | 722.39 | 756.15 | 803.11 | 836.87 | 883.83 |
| Fibonacci | 673.23 | 704.07 | 723.12 | 753.95 | 784.79 | 803.84 | 834.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -369.24 | 91.23 | 360.21 | 820.68 | 1,089.66 | 1,550.13 | 1,819.11 |
| Camarilla | 428.59 | 495.46 | 562.32 | 629.19 | 696.06 | 762.92 | 829.79 |
| Woodie | -464.99 | 43.36 | 264.47 | 772.81 | 993.92 | 1,502.26 | 1,723.37 |
| Fibonacci | 91.23 | 369.88 | 542.03 | 820.68 | 1,099.33 | 1,271.48 | 1,550.13 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 61.06 | 335.53 | 665.51 | 939.98 | 1,269.96 | 1,544.43 | 1,874.41 |
| Camarilla | 829.27 | 884.67 | 940.08 | 995.49 | 1,050.90 | 1,106.31 | 1,161.71 |
| Woodie | 88.82 | 349.41 | 693.27 | 953.86 | 1,297.72 | 1,558.31 | 1,902.17 |
| Fibonacci | 335.53 | 566.43 | 709.08 | 939.98 | 1,170.88 | 1,313.53 | 1,544.43 |
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): | 66.23 | |
| MACD (12,26,9): | 9.5200 | |
| Directional Movement: | 14.31 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 763.60 | |
| Parabolic SAR (0,02-0,02-0,2): | 724.48 | |
| Elder Ray (13): | 27.52 | |
| Super Trend (3,10): | 727.41 | |
| Zig ZAG (10): | 799.31 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 84.72 | |
| TEMA (21): | 768.46 | |
| Williams %R (14): | -8.30 | |
| Chande Momentum Oscillator (20): | 78.72 | |
| Repulse (5,40,3): | 4.4200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 5.87 |
| MA7: | 700.26 | |
| MA20: | 1,019.62 | |
| MA50: | 959.11 | |
| MA100: | 754.17 | |
| MAexp7: | 767.87 | |
| MAexp20: | 753.16 | |
| MAexp50: | 736.80 | |
| MAexp100: | 723.44 | |
| Price / MA7: | +13.64% | |
| Price / MA20: | -21.95% | |
| Price / MA50: | -17.03% | |
| Price / MA100: | +5.52% | |
| Price / MAexp7: | +3.63% | |
| Price / MAexp20: | +5.66% | |
| Price / MAexp50: | +8.00% | |
| Price / MAexp100: | +10.00% |
Quotes :
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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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