BITCOIN SV - BSV/USD - 1H - Technical analysis published on 08/30/2022 (GMT)
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- Timeframe : 1H
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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
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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 :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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