BITCOIN SV - BSV/USD - 1H - Technical analysis published on 11/06/2020 (GMT)
- 194
- 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:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 164.08 USD
My targets
171.05 USD (+2.54%)
181.16 USD (+8.60%)
My analysis
The bullish trend is currently very strong on BITCOIN SV - BSV/USD. As long as the price remains above the support at 164.08 USD, you could try to benefit from the boom. The first bullish objective is located at 171.05 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 181.16 USD as an objective. Crossing it would then enable buyers to target 203.69 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.
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
8.4
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
The BITCOIN SV - BSV/USD rating is 166.82 USD. The price has increased by +3.88% since the last closing with the lowest point at 158.84 USD and the highest point at 169.90 USD. The deviation from the price is +5.02% for the low point and -1.81% for the high point.158.84
169.90
166.82
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
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 SV - BSV/USD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
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 this result:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Three white soldiers
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 154.88 | 158.19 | 164.08 | 166.82 | 167.27 | 171.05 | 181.16 |
Change (%) | -7.16% | -5.17% | -1.64% | - | +0.27% | +2.54% | +8.60% |
Change | -11.94 | -8.63 | -2.74 | - | +0.45 | +4.23 | +14.34 |
Level | Minor | Major | Intermediate | - | 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 |
---|---|---|---|---|---|---|---|
Standard | 140.00 | 145.52 | 153.05 | 158.57 | 166.10 | 171.62 | 179.15 |
Camarilla | 157.00 | 158.20 | 159.39 | 160.59 | 161.79 | 162.98 | 164.18 |
Woodie | 141.02 | 146.02 | 154.07 | 159.07 | 167.12 | 172.12 | 180.17 |
Fibonacci | 145.52 | 150.50 | 153.58 | 158.57 | 163.55 | 166.63 | 171.62 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 129.61 | 144.74 | 155.02 | 170.15 | 180.43 | 195.56 | 205.84 |
Camarilla | 158.30 | 160.63 | 162.96 | 165.29 | 167.62 | 169.95 | 172.28 |
Woodie | 127.18 | 143.53 | 152.59 | 168.94 | 178.00 | 194.35 | 203.41 |
Fibonacci | 144.74 | 154.45 | 160.45 | 170.15 | 179.86 | 185.86 | 195.56 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 121.47 | 138.24 | 151.76 | 168.53 | 182.05 | 198.82 | 212.34 |
Camarilla | 156.96 | 159.74 | 162.51 | 165.29 | 168.07 | 170.84 | 173.62 |
Woodie | 119.86 | 137.43 | 150.15 | 167.72 | 180.44 | 198.01 | 210.73 |
Fibonacci | 138.24 | 149.81 | 156.96 | 168.53 | 180.10 | 187.25 | 198.82 |
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): | 72.50 | |
MACD (12,26,9): | 2.5300 | |
Directional Movement: | 22.12 | |
AROON (14): | 92.86 | |
DEMA (21): | 166.25 | |
Parabolic SAR (0,02-0,02-0,2): | 161.22 | |
Elder Ray (13): | 4.43 | |
Super Trend (3,10): | 161.22 | |
Zig ZAG (10): | 169.40 | |
VORTEX (21): | 1.1900 | |
Stochastique (14,3,5): | 83.44 | |
TEMA (21): | 166.93 | |
Williams %R (14): | -9.68 | |
Chande Momentum Oscillator (20): | 7.62 | |
Repulse (5,40,3): | 1.6400 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.1900 | |
Courbe Coppock: | 5.36 |
MA7: | 160.54 | |
MA20: | 165.50 | |
MA50: | 164.13 | |
MA100: | 180.82 | |
MAexp7: | 165.76 | |
MAexp20: | 162.97 | |
MAexp50: | 159.44 | |
MAexp100: | 158.31 | |
Price / MA7: | +3.91% | |
Price / MA20: | +0.80% | |
Price / MA50: | +1.64% | |
Price / MA100: | -7.74% | |
Price / MAexp7: | +0.64% | |
Price / MAexp20: | +2.36% | |
Price / MAexp50: | +4.63% | |
Price / MAexp100: | +5.38% |
Quotes :
2020-11-06 17:47:30
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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