BITCOIN CASH - BCH/USD - 1H - Technical analysis published on 03/13/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 118.31 USD
My targets
122.60 USD (+1.35%)
125.88 USD (+4.06%)
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 118.31 USD. The buyers' bullish objective is set at 122.60 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 125.88 USD. If there is any crossing, the next objective would be the resistance located at 138.00 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BITCOIN CASH - BCH/USD rating 120.97 USD. The price registered a decrease of -0.02% on the session and was between 119.99 USD and 122.89 USD. This implies that the price is at +0.82% from its lowest and at -1.56% from its highest.119.99
122.89
120.97
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
A technical analysis in 1H of this BITCOIN CASH - BCH/USD chart shows a strongly bullish trend. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 112.10 | 114.86 | 118.31 | 120.97 | 122.60 | 125.88 | 138.00 |
| Change (%) | -7.33% | -5.05% | -2.20% | - | +1.35% | +4.06% | +14.08% |
| Change | -8.87 | -6.11 | -2.66 | - | +1.63 | +4.91 | +17.03 |
| Level | Intermediate | Minor | Minor | - | Major | Intermediate | Minor |
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 | 106.73 | 109.83 | 115.41 | 118.51 | 124.09 | 127.19 | 132.77 |
| Camarilla | 118.60 | 119.40 | 120.19 | 120.99 | 121.79 | 122.58 | 123.38 |
| Woodie | 107.97 | 110.45 | 116.65 | 119.13 | 125.33 | 127.81 | 134.01 |
| Fibonacci | 109.83 | 113.15 | 115.19 | 118.51 | 121.83 | 123.87 | 127.19 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 83.39 | 94.34 | 104.37 | 115.32 | 125.35 | 136.30 | 146.33 |
| Camarilla | 108.62 | 110.54 | 112.47 | 114.39 | 116.31 | 118.24 | 120.16 |
| Woodie | 82.92 | 94.11 | 103.90 | 115.09 | 124.88 | 136.07 | 145.86 |
| Fibonacci | 94.34 | 102.36 | 107.31 | 115.32 | 123.34 | 128.29 | 136.30 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 84.72 | 102.34 | 118.66 | 136.28 | 152.60 | 170.22 | 186.54 |
| Camarilla | 125.64 | 128.75 | 131.86 | 134.97 | 138.08 | 141.19 | 144.30 |
| Woodie | 84.06 | 102.02 | 118.00 | 135.96 | 151.94 | 169.90 | 185.88 |
| Fibonacci | 102.34 | 115.31 | 123.32 | 136.28 | 149.25 | 157.26 | 170.22 |
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): | 69.09 | |
| MACD (12,26,9): | 2.0000 | |
| Directional Movement: | 24.64 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 121.19 | |
| Parabolic SAR (0,02-0,02-0,2): | 118.43 | |
| Elder Ray (13): | 0.75 | |
| Super Trend (3,10): | 118.47 | |
| Zig ZAG (10): | 120.82 | |
| VORTEX (21): | 1.2700 | |
| Stochastique (14,3,5): | 74.46 | |
| TEMA (21): | 122.01 | |
| Williams %R (14): | -23.36 | |
| Chande Momentum Oscillator (20): | 3.70 | |
| Repulse (5,40,3): | 0.0100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2400 | |
| Courbe Coppock: | 10.90 |
| MA7: | 116.73 | |
| MA20: | 126.62 | |
| MA50: | 130.40 | |
| MA100: | 119.39 | |
| MAexp7: | 120.58 | |
| MAexp20: | 118.60 | |
| MAexp50: | 116.01 | |
| MAexp100: | 115.62 | |
| Price / MA7: | +3.63% | |
| Price / MA20: | -4.46% | |
| Price / MA50: | -7.23% | |
| Price / MA100: | +1.32% | |
| Price / MAexp7: | +0.32% | |
| Price / MAexp20: | +2.00% | |
| Price / MAexp50: | +4.28% | |
| Price / MAexp100: | +4.63% |
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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