BITCOIN SV - BSV/USD - 1H - Technical analysis published on 01/28/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 281.84 USD
My targets
304.23 USD (+1.33%)
315.15 USD (+4.97%)
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 281.84 USD. The buyers” bullish objective is set at 304.23 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 315.15 USD. If there is any crossing, the next objective would be the resistance located at 326.62 USD.
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
7.1
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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 price is 300.23 USD. The price registered a decrease of +10.14% on the session with the lowest point at 296.62 USD and the highest point at 300.23 USD. The deviation from the price is +1.22% for the low point and 0% for the high point.296.62
300.23
300.23
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BITCOIN SV - BSV/USD:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of BITCOIN SV - BSV/USD in 1H shows an overall bullish trend. 75% 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 scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
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 2
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
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 | 250.23 | 270.68 | 281.84 | 300.23 | 304.23 | 315.15 | 326.62 |
| Change (%) | -16.65% | -9.84% | -6.13% | - | +1.33% | +4.97% | +8.79% |
| Change | -50.00 | -29.55 | -18.39 | - | +4.00 | +14.92 | +26.39 |
| Level | Major | Intermediate | Intermediate | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 235.08 | 244.34 | 258.47 | 267.73 | 281.86 | 291.12 | 305.25 |
| Camarilla | 266.16 | 268.30 | 270.45 | 272.59 | 274.73 | 276.88 | 279.02 |
| Woodie | 237.51 | 245.56 | 260.90 | 268.95 | 284.29 | 292.34 | 307.68 |
| Fibonacci | 244.34 | 253.28 | 258.80 | 267.73 | 276.67 | 282.19 | 291.12 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 132.27 | 184.28 | 222.63 | 274.64 | 312.99 | 365.00 | 403.35 |
| Camarilla | 236.12 | 244.40 | 252.69 | 260.97 | 269.25 | 277.54 | 285.82 |
| Woodie | 125.43 | 180.87 | 215.79 | 271.23 | 306.15 | 361.59 | 396.51 |
| Fibonacci | 184.28 | 218.80 | 240.13 | 274.64 | 309.16 | 330.49 | 365.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 49.06 | 62.89 | 79.82 | 93.65 | 110.58 | 124.41 | 141.34 |
| Camarilla | 88.30 | 91.12 | 93.94 | 96.76 | 99.58 | 102.40 | 105.22 |
| Woodie | 50.62 | 63.67 | 81.38 | 94.43 | 112.14 | 125.19 | 142.90 |
| Fibonacci | 62.89 | 74.64 | 81.90 | 93.65 | 105.40 | 112.66 | 124.41 |
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): | 78.73 | |
| MACD (12,26,9): | 6.5000 | |
| Directional Movement: | 39.56 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 282.22 | |
| Parabolic SAR (0,02-0,02-0,2): | 267.23 | |
| Elder Ray (13): | 20.19 | |
| Super Trend (3,10): | 280.69 | |
| Zig ZAG (10): | 300.23 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 88.39 | |
| TEMA (21): | 287.09 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 32.05 | |
| Repulse (5,40,3): | 0.8500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2100 | |
| Courbe Coppock: | 11.72 |
| MA7: | 282.78 | |
| MA20: | 252.24 | |
| MA50: | 157.42 | |
| MA100: | 137.12 | |
| MAexp7: | 284.22 | |
| MAexp20: | 274.85 | |
| MAexp50: | 269.59 | |
| MAexp100: | 271.90 | |
| Price / MA7: | +6.17% | |
| Price / MA20: | +19.03% | |
| Price / MA50: | +90.72% | |
| Price / MA100: | +118.95% | |
| Price / MAexp7: | +5.63% | |
| Price / MAexp20: | +9.23% | |
| Price / MAexp50: | +11.37% | |
| Price / MAexp100: | +10.42% |
This member declared not having a position on this financial instrument or a related financial instrument.
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