BITCOIN CASH - BCH/USD - 1H - Technical analysis published on 01/22/2020 (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
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
28%
28%
44%
My opinion
Bullish above 332.56 USD
My targets
366.81 USD (+6.28%)
382.27 USD (+10.76%)
My analysis
BITCOIN CASH - BCH/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 332.56 USD. The next resistance located at 366.81 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 382.27 USD. After this resistance, buyers could then target 403.30 USD.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
FORCE
0
10
4.3
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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 345.12 USD. The price has increased by +0.61% since the last closing and was traded between 338.59 USD and 353.36 USD over the period. The price is currently at +1.93% from its lowest and -2.33% from its highest.338.59
353.36
345.12
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
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of BITCOIN CASH - BCH/USD indicates that the overall trend is bullish. 75% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 311.95 | 324.39 | 332.56 | 345.12 | 346.73 | 366.81 | 382.27 |
| Change (%) | -9.61% | -6.01% | -3.64% | - | +0.47% | +6.28% | +10.76% |
| Change | -33.17 | -20.73 | -12.56 | - | +1.61 | +21.69 | +37.15 |
| Level | Minor | Major | Major | - | 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 | 320.59 | 326.80 | 334.92 | 341.13 | 349.25 | 355.46 | 363.58 |
| Camarilla | 339.10 | 340.41 | 341.73 | 343.04 | 344.35 | 345.67 | 346.98 |
| Woodie | 321.55 | 327.28 | 335.88 | 341.61 | 350.21 | 355.94 | 364.54 |
| Fibonacci | 326.80 | 332.27 | 335.66 | 341.13 | 346.60 | 349.99 | 355.46 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 118.01 | 188.16 | 263.01 | 333.16 | 408.01 | 478.16 | 553.01 |
| Camarilla | 298.00 | 311.29 | 324.58 | 337.87 | 351.16 | 364.45 | 377.75 |
| Woodie | 120.37 | 189.34 | 265.37 | 334.34 | 410.37 | 479.34 | 555.37 |
| Fibonacci | 188.16 | 243.55 | 277.77 | 333.16 | 388.55 | 422.77 | 478.16 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 126.68 | 148.38 | 176.20 | 197.90 | 225.72 | 247.42 | 275.24 |
| Camarilla | 190.40 | 194.94 | 199.48 | 204.02 | 208.56 | 213.10 | 217.64 |
| Woodie | 129.74 | 149.91 | 179.26 | 199.43 | 228.78 | 248.95 | 278.30 |
| Fibonacci | 148.38 | 167.30 | 178.98 | 197.90 | 216.82 | 228.50 | 247.42 |
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): | 52.37 | |
| MACD (12,26,9): | 0.4700 | |
| Directional Movement: | 2.32 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 344.30 | |
| Parabolic SAR (0,02-0,02-0,2): | 352.09 | |
| Elder Ray (13): | -0.92 | |
| Super Trend (3,10): | 338.99 | |
| Zig ZAG (10): | 342.86 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 22.31 | |
| TEMA (21): | 343.69 | |
| Williams %R (14): | -76.02 | |
| Chande Momentum Oscillator (20): | -0.38 | |
| Repulse (5,40,3): | 0.3000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 1.10 |
| MA7: | 342.68 | |
| MA20: | 289.65 | |
| MA50: | 236.00 | |
| MA100: | 242.38 | |
| MAexp7: | 343.18 | |
| MAexp20: | 343.41 | |
| MAexp50: | 342.52 | |
| MAexp100: | 340.91 | |
| Price / MA7: | +0.71% | |
| Price / MA20: | +19.15% | |
| Price / MA50: | +46.24% | |
| Price / MA100: | +42.39% | |
| Price / MAexp7: | +0.57% | |
| Price / MAexp20: | +0.50% | |
| Price / MAexp50: | +0.76% | |
| Price / MAexp100: | +1.23% |
This member declared not having a position on this financial instrument or a related financial instrument.
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