BITCOIN SV - BSV/USD - 1H - Technical analysis published on 07/06/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 166.52 USD
My targets
173.68 USD (+1.72%)
180.09 USD (+5.48%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BITCOIN SV - BSV/USD as long as the price remains well above 166.52 USD. The buyers” bullish objective is set at 173.68 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 180.09 USD. If there is any crossing, the next objective would be the resistance located at 252.42 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.9
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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 170.74 USD. On the day, this instrument gained +10.69% with the lowest point at 154.04 USD and the highest point at 172.00 USD. The deviation from the price is +10.84% for the low point and -0.73% for the high point.154.04
172.00
170.74
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BITCOIN SV - BSV/USD:
Technical
Technical analysis of this 1H chart of BITCOIN SV - BSV/USD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 16 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
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 : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 156.13 | 159.92 | 166.52 | 170.74 | 173.68 | 180.09 | 252.42 |
| Change (%) | -8.56% | -6.34% | -2.47% | - | +1.72% | +5.48% | +47.84% |
| Change | -14.61 | -10.82 | -4.22 | - | +2.94 | +9.35 | +81.68 |
| Level | Intermediate | Major | Minor | - | Minor | Major | 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 | 144.10 | 147.24 | 150.74 | 153.88 | 157.38 | 160.52 | 164.02 |
| Camarilla | 152.42 | 153.03 | 153.64 | 154.25 | 154.86 | 155.47 | 156.08 |
| Woodie | 144.29 | 147.33 | 150.93 | 153.97 | 157.57 | 160.61 | 164.21 |
| Fibonacci | 147.24 | 149.77 | 151.34 | 153.88 | 156.41 | 157.98 | 160.52 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 139.11 | 144.81 | 150.80 | 156.50 | 162.49 | 168.19 | 174.18 |
| Camarilla | 153.57 | 154.64 | 155.71 | 156.78 | 157.85 | 158.92 | 160.00 |
| Woodie | 139.25 | 144.88 | 150.94 | 156.57 | 162.63 | 168.26 | 174.32 |
| Fibonacci | 144.81 | 149.28 | 152.04 | 156.50 | 160.97 | 163.73 | 168.19 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 63.67 | 102.26 | 130.12 | 168.71 | 196.57 | 235.16 | 263.02 |
| Camarilla | 139.70 | 145.79 | 151.88 | 157.97 | 164.06 | 170.15 | 176.24 |
| Woodie | 58.30 | 99.58 | 124.75 | 166.03 | 191.20 | 232.48 | 257.65 |
| Fibonacci | 102.26 | 127.65 | 143.33 | 168.71 | 194.10 | 209.78 | 235.16 |
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): | 79.31 | |
| MACD (12,26,9): | 2.3800 | |
| Directional Movement: | 30.27 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 161.03 | |
| Parabolic SAR (0,02-0,02-0,2): | 159.82 | |
| Elder Ray (13): | 4.06 | |
| Super Trend (3,10): | 158.64 | |
| Zig ZAG (10): | 164.84 | |
| VORTEX (21): | 1.3100 | |
| Stochastique (14,3,5): | 94.68 | |
| TEMA (21): | 163.14 | |
| Williams %R (14): | -0.18 | |
| Chande Momentum Oscillator (20): | 11.00 | |
| Repulse (5,40,3): | 1.5500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1400 | |
| Courbe Coppock: | 11.69 |
| MA7: | 158.03 | |
| MA20: | 166.46 | |
| MA50: | 181.27 | |
| MA100: | 186.36 | |
| MAexp7: | 162.60 | |
| MAexp20: | 158.44 | |
| MAexp50: | 156.56 | |
| MAexp100: | 156.35 | |
| Price / MA7: | +8.04% | |
| Price / MA20: | +2.57% | |
| Price / MA50: | -5.81% | |
| Price / MA100: | -8.38% | |
| Price / MAexp7: | +5.01% | |
| Price / MAexp20: | +7.76% | |
| Price / MAexp50: | +9.06% | |
| Price / MAexp100: | +9.20% |
Quotes :
2020-07-06 12:40:15
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Real time data
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Cryptocompare
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