BITCOIN CASH - BCH/USD - 1H - Technical analysis published on 06/14/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
11%
44%
44%
My opinion
Bullish above 597.96 USD
My targets
627.91 USD (+3.85%)
644.30 USD (+6.56%)
My analysis
A bullish trend on BITCOIN CASH - BCH/USD both in substance and in the short term. A purchase could be considered as long as the price remains above 597.96 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 627.91 USD. Then the price could move towards 644.30 USD. Then 669.46 USD by extension. Be careful, a return below 597.96 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
Force
0
10
2.1
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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 604.62 USD. The price registered a decrease of -1.55% on the session and was traded between 599.34 USD and 621.68 USD over the period. The price is currently at +0.88% from its lowest and -2.74% from its highest.599.34
621.68
604.62
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of BITCOIN CASH - BCH/USD in 1H shows an overall bullish trend. The signals given by moving averages are 67.86% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
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 resistance
Type : Bearish
Timeframe : 1 hour
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 | 544.77 | 566.13 | 603.34 | 604.62 | 627.91 | 644.30 | 669.46 |
| Change (%) | -9.90% | -6.37% | -0.21% | - | +3.85% | +6.56% | +10.72% |
| Change | -59.85 | -38.49 | -1.28 | - | +23.29 | +39.68 | +64.84 |
| Level | Intermediate | Minor | Minor | - | Major | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 520.70 | 539.73 | 576.94 | 595.97 | 633.18 | 652.21 | 689.42 |
| Camarilla | 598.69 | 603.85 | 609.01 | 614.16 | 619.32 | 624.47 | 629.63 |
| Woodie | 529.80 | 544.28 | 586.04 | 600.52 | 642.28 | 656.76 | 698.52 |
| Fibonacci | 539.73 | 561.21 | 574.48 | 595.97 | 617.45 | 630.72 | 652.21 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 401.19 | 472.98 | 526.17 | 597.96 | 651.15 | 722.94 | 776.13 |
| Camarilla | 544.99 | 556.45 | 567.90 | 579.36 | 590.82 | 602.27 | 613.73 |
| Woodie | 391.89 | 468.33 | 516.87 | 593.31 | 641.85 | 718.29 | 766.83 |
| Fibonacci | 472.98 | 520.72 | 550.22 | 597.96 | 645.70 | 675.20 | 722.94 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -943.57 | -237.48 | 232.37 | 938.46 | 1,408.31 | 2,114.40 | 2,584.25 |
| Camarilla | 378.83 | 486.62 | 594.42 | 702.21 | 810.01 | 917.80 | 1,025.59 |
| Woodie | -1,061.70 | -296.54 | 114.24 | 879.40 | 1,290.18 | 2,055.34 | 2,466.12 |
| Fibonacci | -237.48 | 211.73 | 489.25 | 938.46 | 1,387.67 | 1,665.19 | 2,114.40 |
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): | 54.44 | |
| MACD (12,26,9): | 5.9100 | |
| Directional Movement: | 2.97 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 612.78 | |
| Parabolic SAR (0,02-0,02-0,2): | 619.25 | |
| Elder Ray (13): | -2.08 | |
| Super Trend (3,10): | 595.24 | |
| Zig ZAG (10): | 604.63 | |
| VORTEX (21): | 1.2800 | |
| Stochastique (14,3,5): | 16.49 | |
| TEMA (21): | 613.90 | |
| Williams %R (14): | -89.39 | |
| Chande Momentum Oscillator (20): | -12.45 | |
| Repulse (5,40,3): | -1.1500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.2300 | |
| Courbe Coppock: | 2.87 |
| MA7: | 600.42 | |
| MA20: | 655.19 | |
| MA50: | 894.48 | |
| MA100: | 767.81 | |
| MAexp7: | 606.95 | |
| MAexp20: | 603.87 | |
| MAexp50: | 594.36 | |
| MAexp100: | 594.38 | |
| Price / MA7: | +0.70% | |
| Price / MA20: | -7.72% | |
| Price / MA50: | -32.41% | |
| Price / MA100: | -21.25% | |
| Price / MAexp7: | -0.38% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | +1.73% | |
| Price / MAexp100: | +1.72% |
Quotes :
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Real time data
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Cryptocompare
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