BITCOIN CASH - BCH/USD
BITCOIN CASH - BCH/USD
266.00 USD (-0.99%)
Open Real time data - Cryptocompare
Open: 268.45
Change: -2.67
Volume: 11,406
Low: 258.11
High: 271.40
High / Low range: 13.29
Type: Cryptocurrencies
Ticker: BCHUSD
ISIN:

BITCOIN CASH - BCH/USD - 1H - Technical analysis published on 07/27/2019

  • Who voted?
  • 939
  • 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
  • Timeframe : 1H
  • - Analysis generated on 2019-07-27 09:10:03
  • Status : TARGET REACHED

BITCOIN CASH - BCH/USD - 1H
Download a full-size picture

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 312.38 USD
My targets
318.18 USD (+0.44%)
325.51 USD (+2.75%)
My analysis
The bullish trend is currently very strong on Bitcoin Cash - BCH/USD. As long as the price remains above the support at 312.38 USD, you could try to benefit from the boom. The first bullish objective is located at 318.18 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 325.51 USD as an objective. Crossing it would then enable buyers to target 332.33 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Complete this analysis for another time unit:
15 min. Daily Weekly
Attention: This analysis is for information purposes only and does not constitute personalized investment advice or an incentive 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 product 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 analysis. 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.

Additional analysis

Quotes

Bitcoin Cash - BCH/USD rating 316.80 USD. The price registered a decrease of -0.69% on the session and was between 314.08 USD and 326.42 USD. This implies that the price is at +0.87% from its lowest and at -2.95% from its highest.

314.08
326.42
316.80

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

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 a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is slight given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour


Resistance of triangle 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


S3S2S1PriceR1R2R3
ProTrendLines 294.35 299.70 312.38 316.80 318.18 325.51 332.33
Change (%) -7.09% -5.40% -1.40% - +0.44% +2.75% +4.90%
Change -22.45 -17.10 -4.42 - +1.38 +8.71 +15.53
Level Intermediate Minor Major - Major Minor 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
Standard275.80285.11293.81303.12311.82321.13329.83
Camarilla297.55299.20300.85302.50304.15305.80307.45
Woodie275.49284.96293.50302.97311.51320.98329.52
Fibonacci285.11291.99296.24303.12310.00314.25321.13


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard175.36213.30269.35307.29363.34401.28457.33
Camarilla299.55308.17316.78325.40334.02342.63351.25
Woodie184.42217.83278.41311.82372.40405.81466.39
Fibonacci213.30249.20271.39307.29343.19365.38401.28


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard184.85274.57336.13425.85487.41577.13638.69
Camarilla356.08369.95383.81397.68411.55425.42439.28
Woodie170.76267.53322.04418.81473.32570.09624.60
Fibonacci274.57332.36368.06425.85483.64519.34577.13

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): 60.41
MACD (12,26,9): 4.1300
Directional Movement: 15.19
AROON (14): 42.85
DEMA (21): 318.12
Parabolic SAR (0,02-0,02-0,2): 303.95
Elder Ray (13): 1.52
Super Trend (3,10): 306.72
Zig ZAG (10): 317.10
VORTEX (21): 1.2100
Stochastique (14,3,5): 56.63
TEMA (21): 320.14
Williams %R (14): -46.96
Chande Momentum Oscillator (20): 6.25
Repulse (5,40,3): 0.2600
ROCnROLL: 1
TRIX (15,9): 0.1800
Courbe Coppock: 7.32
MA7: 311.00
MA20: 332.22
MA50: 386.45
MA100: 366.82
MAexp7: 316.99
MAexp20: 312.66
MAexp50: 307.81
MAexp100: 306.33
Price / MA7: +1.86%
Price / MA20: -4.64%
Price / MA50: -18.02%
Price / MA100: -13.64%
Price / MAexp7: -0.06%
Price / MAexp20: +1.32%
Price / MAexp50: +2.92%
Price / MAexp100: +3.42%

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Online

Overall rating :
13497
Number of analyses :
Followers :
0

Add a comment

no pic

Comments

0 comments on the analysis BITCOIN CASH - BCH/USD - 1H