BITCOIN CASH - BCH/USD - 1H - Technical analysis published on 02/22/2024 (GMT)
- 114
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bearish
Technical indicators
39%
17%
44%
My opinion
Neutral between 258.85 USD and 265.93 USD
My targets
-
My analysis
The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 265.93 USD. The first support is located at 258.85 USD. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by BITCOIN CASH - BCH/USD.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN CASH - BCH/USD rating is 262.76 USD. The price registered a decrease of -0.14% on the session with the lowest point at 259.06 USD and the highest point at 265.70 USD. The deviation from the price is +1.43% for the low point and -1.11% for the high point.259.06
265.70
262.76
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 BITCOIN CASH - BCH/USD in 1H shows an overall slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could turn neutral or reverse given the slightly bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, only 7 technical indicators out of 18 studied are currently bullish. The Central Indicators scanner found this result concerning these indicators:
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bearish doji star
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 255.43 | 258.85 | 261.94 | 262.76 | 265.93 | 276.35 | 282.59 |
| Change (%) | -2.79% | -1.49% | -0.31% | - | +1.21% | +5.17% | +7.55% |
| Change | -7.33 | -3.91 | -0.82 | - | +3.17 | +13.59 | +19.83 |
| Level | Intermediate | Minor | Intermediate | - | Major | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 246.17 | 250.75 | 256.94 | 261.52 | 267.71 | 272.29 | 278.48 |
| Camarilla | 260.17 | 261.16 | 262.14 | 263.13 | 264.12 | 265.11 | 266.09 |
| Woodie | 246.98 | 251.15 | 257.75 | 261.92 | 268.52 | 272.69 | 279.29 |
| Fibonacci | 250.75 | 254.86 | 257.41 | 261.52 | 265.63 | 268.18 | 272.29 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 197.97 | 222.38 | 244.87 | 269.28 | 291.77 | 316.18 | 338.67 |
| Camarilla | 254.45 | 258.75 | 263.05 | 267.35 | 271.65 | 275.95 | 280.25 |
| Woodie | 197.00 | 221.90 | 243.90 | 268.80 | 290.80 | 315.70 | 337.70 |
| Fibonacci | 222.38 | 240.30 | 251.37 | 269.28 | 287.20 | 298.27 | 316.18 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 123.48 | 171.22 | 202.65 | 250.39 | 281.82 | 329.56 | 360.99 |
| Camarilla | 212.31 | 219.57 | 226.82 | 234.08 | 241.34 | 248.60 | 255.85 |
| Woodie | 115.33 | 167.14 | 194.50 | 246.31 | 273.67 | 325.48 | 352.84 |
| Fibonacci | 171.22 | 201.46 | 220.15 | 250.39 | 280.63 | 299.32 | 329.56 |
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): | 51.05 | |
| MACD (12,26,9): | 0.0500 | |
| Directional Movement: | -7.65 | |
| AROON (14): | -28.58 | |
| DEMA (21): | 262.26 | |
| Parabolic SAR (0,02-0,02-0,2): | 264.41 | |
| Elder Ray (13): | 0.30 | |
| Super Trend (3,10): | 265.72 | |
| Zig ZAG (10): | 262.54 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 44.88 | |
| TEMA (21): | 262.68 | |
| Williams %R (14): | -45.93 | |
| Chande Momentum Oscillator (20): | -0.94 | |
| Repulse (5,40,3): | 0.3800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.16 |
| MA7: | 268.08 | |
| MA20: | 259.36 | |
| MA50: | 249.29 | |
| MA100: | 243.04 | |
| MAexp7: | 262.20 | |
| MAexp20: | 262.20 | |
| MAexp50: | 262.84 | |
| MAexp100: | 264.67 | |
| Price / MA7: | -1.98% | |
| Price / MA20: | +1.31% | |
| Price / MA50: | +5.40% | |
| Price / MA100: | +8.11% | |
| Price / MAexp7: | +0.21% | |
| Price / MAexp20: | +0.21% | |
| Price / MAexp50: | -0.03% | |
| Price / MAexp100: | -0.72% |
Quotes :
-
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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