BITCOIN CASH - BCH/USD - 1H - Technical analysis published on 06/25/2021 (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:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 488.12 USD
My targets
453.11 USD (-3.27%)
411.94 USD (-12.06%)
My analysis
In the short term, we can see an acceleration in the bearish trend on BITCOIN CASH - BCH/USD, which is a positive signal for sellers. As long as the price remains above 488.12 USD, a sale could be considered. The first bearish objective is located at 453.11 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 411.94 USD as an objective. Crossing it would then enable sellers to target 388.68 USD. If the price were to return above 488.12 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
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 price is 468.43 USD. On the day, this instrument lost -3.76% with the lowest point at 466.84 USD and the highest point at 496.38 USD. The deviation from the price is +0.34% for the low point and -5.63% for the high point.466.84
496.38
468.43
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
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 bearish. 78.57% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 209.76 | 388.68 | 453.11 | 468.43 | 488.12 | 545.83 | 584.43 |
| Change (%) | -55.22% | -17.02% | -3.27% | - | +4.20% | +16.52% | +24.76% |
| Change | -258.67 | -79.75 | -15.32 | - | +19.69 | +77.40 | +116.00 |
| Level | Intermediate | Minor | Intermediate | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 424.96 | 440.68 | 463.70 | 479.42 | 502.44 | 518.16 | 541.18 |
| Camarilla | 476.06 | 479.61 | 483.16 | 486.71 | 490.26 | 493.81 | 497.36 |
| Woodie | 428.60 | 442.51 | 467.34 | 481.25 | 506.08 | 519.99 | 544.82 |
| Fibonacci | 440.68 | 455.48 | 464.63 | 479.42 | 494.22 | 503.37 | 518.16 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 37.57 | |
| MACD (12,26,9): | -0.2300 | |
| Directional Movement: | -9.09 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 484.32 | |
| Parabolic SAR (0,02-0,02-0,2): | 494.97 | |
| Elder Ray (13): | -9.89 | |
| Super Trend (3,10): | 491.75 | |
| Zig ZAG (10): | 472.56 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 13.61 | |
| TEMA (21): | 479.68 | |
| Williams %R (14): | -97.74 | |
| Chande Momentum Oscillator (20): | -17.62 | |
| Repulse (5,40,3): | -2.5800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 3.19 |
| MA7: | 491.98 | |
| MA20: | 566.04 | |
| MA50: | 782.91 | |
| MA100: | 766.74 | |
| MAexp7: | 482.50 | |
| MAexp20: | 484.36 | |
| MAexp50: | 480.51 | |
| MAexp100: | 486.60 | |
| Price / MA7: | -4.79% | |
| Price / MA20: | -17.24% | |
| Price / MA50: | -40.17% | |
| Price / MA100: | -38.91% | |
| Price / MAexp7: | -2.92% | |
| Price / MAexp20: | -3.29% | |
| Price / MAexp50: | -2.51% | |
| Price / MAexp100: | -3.73% |
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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