Londinia Opportunities Analyses - 05/04/2024 (GMT) BITCOIN DIAMOND - BCD/USDT - 1H
Type: | Cryptocurrencies |
Ticker: | BCDUSDT |
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 bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 0.110161 USDT
My targets
0.114780 USDT (+3.08%)
0.123617 USDT (+11.02%)
My analysis
BITCOIN DIAMOND - BCD/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.110161 USDT. The next resistance located at 0.114780 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.123617 USDT. After this resistance, buyers could then target 0.126280 USDT. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.6
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.
Additional analysis
Quotes
BITCOIN DIAMOND - BCD/USDT rating 0.111350 USDT. The price registered an increase of +1.76% on the session with the lowest point at 0.108680 USDT and the highest point at 0.112270 USDT. The deviation from the price is +2.46% for the low point and -0.82% for the high point.0.108680
0.112270
0.111350
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
![Central Gaps Central Gaps](/medias/screeners/logo/CentralGaps.png)
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BITCOIN DIAMOND - BCD/USDT:
Technical
Technical analysis of BITCOIN DIAMOND - BCD/USDT in 1H shows a strongly overall 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bullish signal.
The Central Indicators scanner found no further results concerning independent technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
![Central Patterns Central Patterns](/medias/screeners/logo/CentralPatterns.png)
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
![Central Candlesticks Central Candlesticks](/medias/screeners/logo/CentralCandlesticks.png)
Downside gap
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 0.103720 | 0.106587 | 0.110161 | 0.111350 | 0.112006 | 0.114780 | 0.126280 |
Change (%) | -6.85% | -4.28% | -1.07% | - | +0.59% | +3.08% | +13.41% |
Change | -0.007630 | -0.004763 | -0.001189 | - | +0.000656 | +0.003430 | +0.014930 |
Level | Intermediate | Minor | Major | - | Intermediate | Minor | Minor |
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 | 0.096470 | 0.100090 | 0.104760 | 0.108380 | 0.113050 | 0.116670 | 0.121340 |
Camarilla | 0.107150 | 0.107910 | 0.108670 | 0.109430 | 0.110190 | 0.110950 | 0.111710 |
Woodie | 0.096995 | 0.100353 | 0.105285 | 0.108643 | 0.113575 | 0.116933 | 0.121865 |
Fibonacci | 0.100090 | 0.103257 | 0.105213 | 0.108380 | 0.111547 | 0.113503 | 0.116670 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.082383 | 0.089717 | 0.099333 | 0.106667 | 0.116283 | 0.123617 | 0.133233 |
Camarilla | 0.104289 | 0.105843 | 0.107396 | 0.108950 | 0.110504 | 0.112058 | 0.113611 |
Woodie | 0.083525 | 0.090288 | 0.100475 | 0.107238 | 0.117425 | 0.124188 | 0.134375 |
Fibonacci | 0.089717 | 0.096192 | 0.100192 | 0.106667 | 0.113142 | 0.117142 | 0.123617 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.011837 | 0.054253 | 0.077167 | 0.119583 | 0.142497 | 0.184913 | 0.207827 |
Camarilla | 0.082114 | 0.088103 | 0.094091 | 0.100080 | 0.106069 | 0.112057 | 0.118046 |
Woodie | 0.002085 | 0.049378 | 0.067415 | 0.114708 | 0.132745 | 0.180038 | 0.198075 |
Fibonacci | 0.054253 | 0.079209 | 0.094627 | 0.119583 | 0.144539 | 0.159957 | 0.184913 |
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): | 56.66 | |
MACD (12,26,9): | 0.0004 | |
Directional Movement: | 0.390913 | |
AROON (14): | 21.428571 | |
DEMA (21): | 0.110993 | |
Parabolic SAR (0,02-0,02-0,2): | 0.109498 | |
Elder Ray (13): | 0.000082 | |
Super Trend (3,10): | 0.107579 | |
Zig ZAG (10): | 0.110720 | |
VORTEX (21): | 1.1394 | |
Stochastique (14,3,5): | 71.72 | |
TEMA (21): | 0.111148 | |
Williams %R (14): | -27.86 | |
Chande Momentum Oscillator (20): | 0.000600 | |
Repulse (5,40,3): | 1.3326 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0564 | |
Courbe Coppock: | 1.68 |
MA7: | 0.108044 | |
MA20: | 0.105741 | |
MA50: | 0.122938 | |
MA100: | 0.111500 | |
MAexp7: | 0.110947 | |
MAexp20: | 0.110402 | |
MAexp50: | 0.109424 | |
MAexp100: | 0.107957 | |
Price / MA7: | +3.06% | |
Price / MA20: | +5.30% | |
Price / MA50: | -9.43% | |
Price / MA100: | -0.13% | |
Price / MAexp7: | +0.36% | |
Price / MAexp20: | +0.86% | |
Price / MAexp50: | +1.76% | |
Price / MAexp100: | +3.14% |
Quotes :
-
Real time data
-
Cryptocompare