BITCOIN SV - BSV/USD - 1H - Technical analysis published on 05/26/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 184.20 USD
My targets
173.49 USD (-4.15%)
160.97 USD (-11.06%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BITCOIN SV - BSV/USD as long as the price remains well below 184.20 USD. The sellers” bearish objective is set at 173.49 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 160.97 USD. In case of crossing, the next objective would be the support located at 146.40 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
FORCE
0
10
7.7
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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 SV - BSV/USD rating is 180.99 USD. On the day, this instrument lost -2.62% and was traded between 179.81 USD and 186.41 USD over the period. The price is currently at +0.66% from its lowest and -2.91% from its highest.179.81
186.41
180.99
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 SV - BSV/USD:
Technical
A technical analysis in 1H of this BITCOIN SV - BSV/USD chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
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 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 102.62 | 146.40 | 180.99 | 181.72 | 184.20 | 187.05 |
| Change (%) | -43.30% | -19.11% | - | +0.40% | +1.77% | +3.35% |
| Change | -78.37 | -34.59 | - | +0.73 | +3.21 | +6.06 |
| Level | Minor | Minor | - | Major | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 175.94 | 178.81 | 182.33 | 185.20 | 188.72 | 191.59 | 195.11 |
| Camarilla | 184.09 | 184.68 | 185.26 | 185.85 | 186.44 | 187.02 | 187.61 |
| Woodie | 176.27 | 178.97 | 182.66 | 185.36 | 189.05 | 191.75 | 195.44 |
| Fibonacci | 178.81 | 181.25 | 182.76 | 185.20 | 187.64 | 189.15 | 191.59 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 160.97 | 173.49 | 183.19 | 195.71 | 205.41 | 217.93 | 227.63 |
| Camarilla | 186.79 | 188.83 | 190.86 | 192.90 | 194.94 | 196.97 | 199.01 |
| Woodie | 159.57 | 172.79 | 181.79 | 195.01 | 204.01 | 217.23 | 226.23 |
| Fibonacci | 173.49 | 181.98 | 187.22 | 195.71 | 204.20 | 209.44 | 217.93 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 95.77 | 127.08 | 167.38 | 198.69 | 238.99 | 270.30 | 310.60 |
| Camarilla | 187.99 | 194.55 | 201.12 | 207.68 | 214.24 | 220.81 | 227.37 |
| Woodie | 100.27 | 129.33 | 171.88 | 200.94 | 243.49 | 272.55 | 315.10 |
| Fibonacci | 127.08 | 154.44 | 171.34 | 198.69 | 226.05 | 242.95 | 270.30 |
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): | 33.39 | |
| MACD (12,26,9): | -1.3600 | |
| Directional Movement: | -21.94 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 181.68 | |
| Parabolic SAR (0,02-0,02-0,2): | 185.57 | |
| Elder Ray (13): | -2.09 | |
| Super Trend (3,10): | 185.93 | |
| Zig ZAG (10): | 182.21 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 14.45 | |
| TEMA (21): | 182.56 | |
| Williams %R (14): | -76.99 | |
| Chande Momentum Oscillator (20): | -2.54 | |
| Repulse (5,40,3): | -0.3500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 2.64 |
| MA7: | 190.08 | |
| MA20: | 193.54 | |
| MA50: | 195.87 | |
| MA100: | 197.79 | |
| MAexp7: | 182.81 | |
| MAexp20: | 183.37 | |
| MAexp50: | 185.67 | |
| MAexp100: | 188.35 | |
| Price / MA7: | -4.78% | |
| Price / MA20: | -6.48% | |
| Price / MA50: | -7.60% | |
| Price / MA100: | -8.49% | |
| Price / MAexp7: | -1.00% | |
| Price / MAexp20: | -1.30% | |
| Price / MAexp50: | -2.52% | |
| Price / MAexp100: | -3.91% |
Quotes :
2020-05-26 16:06:05
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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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