BITCOIN CASH - BCH/USD - 1H - Technical analysis published on 06/17/2021 (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:
Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 601.11 USD
My targets
638.96 USD (+3.33%)
649.87 USD (+5.09%)
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 601.11 USD. The next resistance located at 638.96 USD is the next bullish target 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 649.87 USD. After this resistance, buyers could then target 722.00 USD.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.6
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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 618.37 USD. The price registered an increase of +4.24% on the session and was between 591.87 USD and 620.47 USD. This implies that the price is at +4.48% from its lowest and at -0.34% from its highest.591.87
620.47
618.37
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
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 bullish. The signals returned by the moving averages are 71.43% bullish. This bullish trend is reinforced by the strong signals currently being 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 is high given the direction of the technical indicators.
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
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Black gravestone / inverted hammer
Type : Bearish
Timeframe : 1 hour
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 566.70 | 590.66 | 601.11 | 618.37 | 619.97 | 638.96 | 649.87 |
| Change (%) | -8.36% | -4.48% | -2.79% | - | +0.26% | +3.33% | +5.09% |
| Change | -51.67 | -27.71 | -17.26 | - | +1.60 | +20.59 | +31.50 |
| Level | Minor | 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 | 542.24 | 566.31 | 579.76 | 603.83 | 617.28 | 641.35 | 654.80 |
| Camarilla | 582.90 | 586.34 | 589.78 | 593.22 | 596.66 | 600.10 | 603.54 |
| Woodie | 536.94 | 563.66 | 574.46 | 601.18 | 611.98 | 638.70 | 649.50 |
| Fibonacci | 566.31 | 580.64 | 589.49 | 603.83 | 618.16 | 627.01 | 641.35 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 59.37 | |
| MACD (12,26,9): | 1.3300 | |
| Directional Movement: | 14.79 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 611.05 | |
| Parabolic SAR (0,02-0,02-0,2): | 603.98 | |
| Elder Ray (13): | 6.46 | |
| Super Trend (3,10): | 602.69 | |
| Zig ZAG (10): | 619.12 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 94.15 | |
| TEMA (21): | 615.40 | |
| Williams %R (14): | -9.15 | |
| Chande Momentum Oscillator (20): | 20.10 | |
| Repulse (5,40,3): | 0.3100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 5.28 |
| MA7: | 607.35 | |
| MA20: | 639.04 | |
| MA50: | 879.02 | |
| MA100: | 770.65 | |
| MAexp7: | 613.96 | |
| MAexp20: | 610.92 | |
| MAexp50: | 612.77 | |
| MAexp100: | 611.63 | |
| Price / MA7: | +1.81% | |
| Price / MA20: | -3.23% | |
| Price / MA50: | -29.65% | |
| Price / MA100: | -19.76% | |
| Price / MAexp7: | +0.72% | |
| Price / MAexp20: | +1.22% | |
| Price / MAexp50: | +0.91% | |
| Price / MAexp100: | +1.10% |
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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