BITCOIN SV - BSV/USD - 1H - Technical analysis published on 12/27/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 168.71 USD
My targets
173.48 USD (+2.20%)
181.16 USD (+6.73%)
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 168.71 USD. The buyers” bullish objective is set at 173.48 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 181.16 USD. If there is any crossing, the next objective would be the resistance located at 193.69 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9
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This analysis was given by teodorassenov69. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN SV - BSV/USD price is 169.74 USD. The price registered an increase of +3.04% on the session and was between 157.44 USD and 175.82 USD. This implies that the price is at +7.81% from its lowest and at -3.46% from its highest.157.44
175.82
169.74
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this BITCOIN SV - BSV/USD chart shows a strongly bullish trend. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a moderate bullish signal.
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
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Support of channel 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 | 160.25 | 163.76 | 168.71 | 169.74 | 173.48 | 181.16 | 193.69 |
| Change (%) | -5.59% | -3.52% | -0.61% | - | +2.20% | +6.73% | +14.11% |
| Change | -9.49 | -5.98 | -1.03 | - | +3.74 | +11.42 | +23.95 |
| Level | Minor | Minor | Minor | - | Major | Major | Intermediate |
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 | 154.12 | 157.27 | 161.00 | 164.15 | 167.88 | 171.03 | 174.76 |
| Camarilla | 162.84 | 163.47 | 164.10 | 164.73 | 165.36 | 165.99 | 166.62 |
| Woodie | 154.41 | 157.42 | 161.29 | 164.30 | 168.17 | 171.18 | 175.05 |
| Fibonacci | 157.27 | 159.90 | 161.52 | 164.15 | 166.78 | 168.40 | 171.03 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 102.51 | 126.55 | 145.64 | 169.68 | 188.77 | 212.81 | 231.90 |
| Camarilla | 152.87 | 156.82 | 160.78 | 164.73 | 168.68 | 172.64 | 176.59 |
| Woodie | 100.04 | 125.31 | 143.17 | 168.44 | 186.30 | 211.57 | 229.43 |
| Fibonacci | 126.55 | 143.03 | 153.20 | 169.68 | 186.16 | 196.33 | 212.81 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 73.96 | 110.12 | 146.63 | 182.79 | 219.30 | 255.46 | 291.97 |
| Camarilla | 163.17 | 169.83 | 176.49 | 183.15 | 189.81 | 196.47 | 203.13 |
| Woodie | 74.15 | 110.21 | 146.82 | 182.88 | 219.49 | 255.55 | 292.16 |
| Fibonacci | 110.12 | 137.88 | 155.03 | 182.79 | 210.55 | 227.70 | 255.46 |
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): | 55.48 | |
| MACD (12,26,9): | 1.3500 | |
| Directional Movement: | 8.12 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 169.54 | |
| Parabolic SAR (0,02-0,02-0,2): | 161.65 | |
| Elder Ray (13): | 0.72 | |
| Super Trend (3,10): | 160.52 | |
| Zig ZAG (10): | 169.90 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 69.37 | |
| TEMA (21): | 170.10 | |
| Williams %R (14): | -33.03 | |
| Chande Momentum Oscillator (20): | 0.68 | |
| Repulse (5,40,3): | 0.4700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 2.50 |
| MA7: | 165.44 | |
| MA20: | 169.94 | |
| MA50: | 170.76 | |
| MA100: | 167.44 | |
| MAexp7: | 169.26 | |
| MAexp20: | 167.86 | |
| MAexp50: | 166.06 | |
| MAexp100: | 165.69 | |
| Price / MA7: | +2.60% | |
| Price / MA20: | -0.12% | |
| Price / MA50: | -0.60% | |
| Price / MA100: | +1.37% | |
| Price / MAexp7: | +0.28% | |
| Price / MAexp20: | +1.12% | |
| Price / MAexp50: | +2.22% | |
| Price / MAexp100: | +2.44% |
Quotes :
2020-12-27 18:21:31
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Real time data
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Cryptocompare
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