Londinia Opportunities Analyses - 12/03/2021 (GMT) BITCOIN CASH - BCH/USDT - 1H
| Type: | Cryptocurrencies |
| Ticker: | BCHUSDT |
| ISIN: |
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- Cryptocurrencies
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 553.09 USDT
My targets
535.21 USDT (-2.36%)
488.54 USDT (-10.88%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BITCOIN CASH - BCH/USDT as long as the price remains well below 553.09 USDT. The sellers' bearish objective is set at 535.21 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 488.54 USDT. In case of crossing, the next objective would be the support located at 443.56 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.9
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
The BITCOIN CASH - BCH/USDT rating is 548.17 USDT. The price is lower by -2.36% since the last closing and was traded between 545.49 USDT and 566.84 USDT over the period. The price is currently at +0.49% from its lowest and -3.29% from its highest.545.49
566.84
548.17
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
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
Technical
A technical analysis in 1H of this BITCOIN CASH - BCH/USDT chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further decline is moderate given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
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 | 443.56 | 488.54 | 535.21 | 548.17 | 553.09 | 567.66 | 586.54 |
| Change (%) | -19.08% | -10.88% | -2.36% | - | +0.90% | +3.56% | +7.00% |
| Change | -104.61 | -59.63 | -12.96 | - | +4.92 | +19.49 | +38.37 |
| Level | Minor | Major | Minor | - | Major | 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 | 543.04 | 550.87 | 556.15 | 563.98 | 569.26 | 577.09 | 582.37 |
| Camarilla | 557.84 | 559.04 | 560.24 | 561.44 | 562.64 | 563.84 | 565.05 |
| Woodie | 541.78 | 550.23 | 554.89 | 563.34 | 568.00 | 576.45 | 581.11 |
| Fibonacci | 550.87 | 555.88 | 558.97 | 563.98 | 568.99 | 572.08 | 577.09 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 443.65 | 495.40 | 528.67 | 580.42 | 613.69 | 665.44 | 698.71 |
| Camarilla | 538.57 | 546.36 | 554.16 | 561.95 | 569.74 | 577.54 | 585.33 |
| Woodie | 434.42 | 490.78 | 519.44 | 575.80 | 604.46 | 660.82 | 689.48 |
| Fibonacci | 495.40 | 527.87 | 547.94 | 580.42 | 612.89 | 632.96 | 665.44 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 297.32 | 416.27 | 493.09 | 612.04 | 688.86 | 807.81 | 884.63 |
| Camarilla | 516.08 | 534.03 | 551.97 | 569.92 | 587.87 | 605.81 | 623.76 |
| Woodie | 276.27 | 405.74 | 472.04 | 601.51 | 667.81 | 797.28 | 863.58 |
| Fibonacci | 416.27 | 491.05 | 537.25 | 612.04 | 686.82 | 733.02 | 807.81 |
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): | 29.16 | |
| MACD (12,26,9): | -3.0000 | |
| Directional Movement: | -21.35 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 555.25 | |
| Parabolic SAR (0,02-0,02-0,2): | 566.44 | |
| Elder Ray (13): | -10.53 | |
| Super Trend (3,10): | 558.87 | |
| Zig ZAG (10): | 547.16 | |
| VORTEX (21): | 0.7500 | |
| Stochastique (14,3,5): | 17.29 | |
| TEMA (21): | 554.36 | |
| Williams %R (14): | -90.49 | |
| Chande Momentum Oscillator (20): | -10.40 | |
| Repulse (5,40,3): | -1.8300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 1.02 |
| MA7: | 564.92 | |
| MA20: | 584.96 | |
| MA50: | 605.49 | |
| MA100: | 605.40 | |
| MAexp7: | 555.07 | |
| MAexp20: | 558.68 | |
| MAexp50: | 562.94 | |
| MAexp100: | 565.87 | |
| Price / MA7: | -2.97% | |
| Price / MA20: | -6.29% | |
| Price / MA50: | -9.47% | |
| Price / MA100: | -9.45% | |
| Price / MAexp7: | -1.24% | |
| Price / MAexp20: | -1.88% | |
| Price / MAexp50: | -2.62% | |
| Price / MAexp100: | -3.13% |
Quotes :
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Real time data
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