BITCOIN SV - BSV/USD - 1H - Technical analysis published on 06/22/2020 (GMT)
- Who voted?
- 219
- 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!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 168.39 USD
My targets
177.54 USD (+2.67%)
180.85 USD (+4.58%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on BITCOIN SV - BSV/USD. This is a positive signal for buyers. As long as the price remains above 168.39 USD, a purchase could be considered. The first bullish objective is located at 177.54 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 180.85 USD as an objective. Crossing it would then enable buyers to target 182.94 USD. In the event of a return below 168.39 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.4
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BITCOIN SV - BSV/USD rating 172.93 USD. The price has increased by +1.50% since the last closing with the lowest point at 170.26 USD and the highest point at 173.92 USD. The deviation from the price is +1.57% for the low point and -0.57% for the high point.170.26
173.92
172.93
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of BITCOIN SV - BSV/USD in 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. This 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.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 164.21 | 168.39 | 171.92 | 172.93 | 177.54 | 180.85 | 182.94 |
| Change (%) | -5.04% | -2.63% | -0.58% | - | +2.67% | +4.58% | +5.79% |
| Change | -8.72 | -4.54 | -1.01 | - | +4.61 | +7.92 | +10.01 |
| Level | Minor | Intermediate | Intermediate | - | Minor | 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 | 165.67 | 167.90 | 169.14 | 171.37 | 172.61 | 174.84 | 176.08 |
| Camarilla | 169.43 | 169.74 | 170.06 | 170.38 | 170.70 | 171.02 | 171.33 |
| Woodie | 165.18 | 167.65 | 168.65 | 171.12 | 172.12 | 174.59 | 175.59 |
| Fibonacci | 167.90 | 169.23 | 170.04 | 171.37 | 172.70 | 173.51 | 174.84 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 145.90 | 155.06 | 164.16 | 173.32 | 182.42 | 191.58 | 200.68 |
| Camarilla | 168.25 | 169.92 | 171.60 | 173.27 | 174.94 | 176.62 | 178.29 |
| Woodie | 145.88 | 155.05 | 164.14 | 173.31 | 182.40 | 191.57 | 200.66 |
| Fibonacci | 155.06 | 162.03 | 166.34 | 173.32 | 180.29 | 184.60 | 191.58 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 121.08 | 146.04 | 169.21 | 194.17 | 217.34 | 242.30 | 265.47 |
| Camarilla | 179.13 | 183.55 | 187.96 | 192.37 | 196.78 | 201.19 | 205.61 |
| Woodie | 120.18 | 145.59 | 168.31 | 193.72 | 216.44 | 241.85 | 264.57 |
| Fibonacci | 146.04 | 164.43 | 175.79 | 194.17 | 212.56 | 223.92 | 242.30 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 57.64 | |
| MACD (12,26,9): | 0.3200 | |
| Directional Movement: | 10.66 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 172.58 | |
| Parabolic SAR (0,02-0,02-0,2): | 171.56 | |
| Elder Ray (13): | 0.71 | |
| Super Trend (3,10): | 170.78 | |
| Zig ZAG (10): | 172.73 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 83.06 | |
| TEMA (21): | 172.54 | |
| Williams %R (14): | -31.40 | |
| Chande Momentum Oscillator (20): | 0.98 | |
| Repulse (5,40,3): | -0.1800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.94 |
| MA7: | 173.09 | |
| MA20: | 182.86 | |
| MA50: | 190.09 | |
| MA100: | 185.02 | |
| MAexp7: | 172.58 | |
| MAexp20: | 172.27 | |
| MAexp50: | 172.09 | |
| MAexp100: | 172.47 | |
| Price / MA7: | -0.09% | |
| Price / MA20: | -5.43% | |
| Price / MA50: | -9.03% | |
| Price / MA100: | -6.53% | |
| Price / MAexp7: | +0.20% | |
| Price / MAexp20: | +0.38% | |
| Price / MAexp50: | +0.49% | |
| Price / MAexp100: | +0.27% |
Quotes :
2020-06-22 08:39:19
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis BITCOIN SV - BSV/USD - 1H