BITCOIN CASH - BCH/USD - 1H - Technical analysis published on 06/24/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 466.40 USD
My targets
516.10 USD (+6.10%)
545.83 USD (+12.21%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BITCOIN CASH - BCH/USD as long as the price remains well above 466.40 USD. The buyers' bullish objective is set at 516.10 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 545.83 USD. If there is any crossing, the next objective would be the resistance located at 583.26 USD.
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
0
10
6.3
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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 486.42 USD. The price has increased by +2.87% since the last closing and was between 456.41 USD and 492.34 USD. This implies that the price is at +6.58% from its lowest and at -1.20% from its highest.456.41
492.34
486.42
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of BITCOIN CASH - BCH/USD in 1H shows an overall bullish trend. 64.29% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, 17 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
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 | 388.68 | 435.73 | 466.40 | 486.42 | 488.12 | 545.83 | 583.26 |
| Change (%) | -20.09% | -10.42% | -4.12% | - | +0.35% | +12.21% | +19.91% |
| Change | -97.74 | -50.69 | -20.02 | - | +1.70 | +59.41 | +96.84 |
| Level | Intermediate | Minor | Intermediate | - | Major | Intermediate | 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 | 385.92 | 408.18 | 440.52 | 462.78 | 495.12 | 517.38 | 549.72 |
| Camarilla | 457.84 | 462.84 | 467.85 | 472.85 | 477.86 | 482.86 | 487.87 |
| Woodie | 390.95 | 410.70 | 445.55 | 465.30 | 500.15 | 519.90 | 554.75 |
| Fibonacci | 408.18 | 429.04 | 441.93 | 462.78 | 483.64 | 496.53 | 517.38 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 411.94 | 478.82 | 516.10 | 582.98 | 620.26 | 687.14 | 724.42 |
| Camarilla | 524.73 | 534.27 | 543.82 | 553.37 | 562.92 | 572.47 | 582.01 |
| Woodie | 397.13 | 471.42 | 501.29 | 575.58 | 605.45 | 679.74 | 709.61 |
| Fibonacci | 478.82 | 518.61 | 543.19 | 582.98 | 622.77 | 647.35 | 687.14 |
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): | 61.42 | |
| MACD (12,26,9): | 5.9800 | |
| Directional Movement: | 14.09 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 481.31 | |
| Parabolic SAR (0,02-0,02-0,2): | 468.21 | |
| Elder Ray (13): | 12.20 | |
| Super Trend (3,10): | 464.19 | |
| Zig ZAG (10): | 490.05 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 91.49 | |
| TEMA (21): | 485.14 | |
| Williams %R (14): | -8.60 | |
| Chande Momentum Oscillator (20): | 21.40 | |
| Repulse (5,40,3): | 1.5300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 7.29 |
| MA7: | 504.84 | |
| MA20: | 574.84 | |
| MA50: | 803.63 | |
| MA100: | 767.41 | |
| MAexp7: | 482.04 | |
| MAexp20: | 475.23 | |
| MAexp50: | 472.06 | |
| MAexp100: | 486.69 | |
| Price / MA7: | -3.65% | |
| Price / MA20: | -15.38% | |
| Price / MA50: | -39.47% | |
| Price / MA100: | -36.62% | |
| Price / MAexp7: | +0.91% | |
| Price / MAexp20: | +2.35% | |
| Price / MAexp50: | +3.04% | |
| Price / MAexp100: | -0.06% |
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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