BITCOIN SV - BSV/USD - 1H - Technical analysis published on 08/30/2022 (GMT)
- 208
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
33%
22%
44%
My opinion
Bullish above 53.51 USD
My targets
54.90 USD (+1.42%)
56.67 USD (+4.69%)
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 53.51 USD, a purchase could be considered. The first bullish objective is located at 54.90 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 56.67 USD as an objective. Crossing it would then enable buyers to target 57.47 USD. In the event of a return below 53.51 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
5
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BITCOIN SV - BSV/USD rating 54.13 USD. On the day, this instrument lost -0.11% and was traded between 52.93 USD and 54.39 USD over the period. The price is currently at +2.27% from its lowest and -0.48% from its highest.52.93
54.39
54.13
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this BITCOIN SV - BSV/USD chart shows a bullish trend. 78.57% 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 6 are bullish, 8 are neutral and 4 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
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 | 52.73 | 53.51 | 54.01 | 54.13 | 54.90 | 56.67 | 57.47 |
| Change (%) | -2.59% | -1.15% | -0.22% | - | +1.42% | +4.69% | +6.17% |
| Change | -1.40 | -0.62 | -0.12 | - | +0.77 | +2.54 | +3.34 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 49.26 | 50.28 | 52.23 | 53.25 | 55.20 | 56.22 | 58.17 |
| Camarilla | 53.37 | 53.65 | 53.92 | 54.19 | 54.46 | 54.74 | 55.01 |
| Woodie | 49.74 | 50.51 | 52.71 | 53.48 | 55.68 | 56.45 | 58.65 |
| Fibonacci | 50.28 | 51.41 | 52.11 | 53.25 | 54.38 | 55.08 | 56.22 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 43.31 | 47.19 | 49.71 | 53.59 | 56.11 | 59.99 | 62.51 |
| Camarilla | 50.47 | 51.06 | 51.64 | 52.23 | 52.82 | 53.40 | 53.99 |
| Woodie | 42.63 | 46.85 | 49.03 | 53.25 | 55.43 | 59.65 | 61.83 |
| Fibonacci | 47.19 | 49.64 | 51.15 | 53.59 | 56.04 | 57.55 | 59.99 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31.57 | 40.14 | 50.60 | 59.17 | 69.63 | 78.20 | 88.66 |
| Camarilla | 55.82 | 57.56 | 59.31 | 61.05 | 62.79 | 64.54 | 66.28 |
| Woodie | 32.51 | 40.61 | 51.54 | 59.64 | 70.57 | 78.67 | 89.60 |
| Fibonacci | 40.14 | 47.41 | 51.90 | 59.17 | 66.44 | 70.93 | 78.20 |
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): | 56.06 | |
| MACD (12,26,9): | 0.2500 | |
| Directional Movement: | 1.13 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 53.57 | |
| Parabolic SAR (0,02-0,02-0,2): | 54.18 | |
| Elder Ray (13): | 0.11 | |
| Super Trend (3,10): | 52.77 | |
| Zig ZAG (10): | 53.35 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 37.34 | |
| TEMA (21): | 53.68 | |
| Williams %R (14): | -62.41 | |
| Chande Momentum Oscillator (20): | -0.03 | |
| Repulse (5,40,3): | 0.1300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 2.02 |
| MA7: | 53.54 | |
| MA20: | 56.82 | |
| MA50: | 57.64 | |
| MA100: | 56.56 | |
| MAexp7: | 53.52 | |
| MAexp20: | 53.28 | |
| MAexp50: | 53.01 | |
| MAexp100: | 53.13 | |
| Price / MA7: | +1.10% | |
| Price / MA20: | -4.73% | |
| Price / MA50: | -6.09% | |
| Price / MA100: | -4.30% | |
| Price / MAexp7: | +1.14% | |
| Price / MAexp20: | +1.60% | |
| Price / MAexp50: | +2.11% | |
| Price / MAexp100: | +1.88% |
Quotes :
-
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