BITCOIN CASH - BCH/USDT - 1H - Technical analysis published on 08/27/2023 (GMT)
- 126
- 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:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 193.70 USDT
My targets
205.42 USDT (+4.59%)
213.60 USDT (+8.76%)
My analysis
The bullish trend is currently very strong on BITCOIN CASH - BCH/USDT. As long as the price remains above the support at 193.70 USDT, you could try to benefit from the boom. The first bullish objective is located at 205.42 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 213.60 USDT as an objective. Crossing it would then enable buyers to target 230.17 USDT. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
8.4
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 Idpzero. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN CASH - BCH/USDT rating is 196.40 USDT. The price registered an increase of +3.30% on the session and was traded between 190.03 USDT and 196.92 USDT over the period. The price is currently at +3.35% from its lowest and -0.26% from its highest.190.03
196.92
196.40
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this BITCOIN CASH - BCH/USDT chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish doji star
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 184.03 | 188.33 | 193.70 | 196.40 | 196.41 | 205.42 | 230.17 |
| Change (%) | -6.30% | -4.11% | -1.37% | - | +0.01% | +4.59% | +17.19% |
| Change | -12.37 | -8.07 | -2.70 | - | +0.01 | +9.02 | +33.77 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 185.31 | 187.11 | 188.62 | 190.42 | 191.93 | 193.73 | 195.24 |
| Camarilla | 189.21 | 189.51 | 189.82 | 190.12 | 190.42 | 190.73 | 191.03 |
| Woodie | 185.16 | 187.04 | 188.47 | 190.35 | 191.78 | 193.66 | 195.09 |
| Fibonacci | 187.11 | 188.38 | 189.16 | 190.42 | 191.69 | 192.47 | 193.73 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 165.48 | 172.93 | 181.52 | 188.97 | 197.56 | 205.01 | 213.60 |
| Camarilla | 185.71 | 187.18 | 188.65 | 190.12 | 191.59 | 193.06 | 194.53 |
| Woodie | 166.06 | 173.22 | 182.10 | 189.26 | 198.14 | 205.30 | 214.18 |
| Fibonacci | 172.93 | 179.05 | 182.84 | 188.97 | 195.09 | 198.88 | 205.01 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 162.59 | 197.18 | 222.54 | 257.13 | 282.49 | 317.08 | 342.44 |
| Camarilla | 231.41 | 236.91 | 242.41 | 247.90 | 253.40 | 258.89 | 264.39 |
| Woodie | 157.98 | 194.87 | 217.93 | 254.82 | 277.88 | 314.77 | 337.83 |
| Fibonacci | 197.18 | 220.08 | 234.23 | 257.13 | 280.03 | 294.18 | 317.08 |
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): | 73.20 | |
| MACD (12,26,9): | 1.4400 | |
| Directional Movement: | 23.43 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 195.30 | |
| Parabolic SAR (0,02-0,02-0,2): | 193.37 | |
| Elder Ray (13): | 2.02 | |
| Super Trend (3,10): | 193.23 | |
| Zig ZAG (10): | 196.47 | |
| VORTEX (21): | 1.3000 | |
| Stochastique (14,3,5): | 88.78 | |
| TEMA (21): | 196.35 | |
| Williams %R (14): | -7.45 | |
| Chande Momentum Oscillator (20): | 5.37 | |
| Repulse (5,40,3): | 0.4800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 4.43 |
| MA7: | 191.01 | |
| MA20: | 207.36 | |
| MA50: | 231.10 | |
| MA100: | 194.49 | |
| MAexp7: | 195.39 | |
| MAexp20: | 193.61 | |
| MAexp50: | 192.14 | |
| MAexp100: | 191.27 | |
| Price / MA7: | +2.82% | |
| Price / MA20: | -5.29% | |
| Price / MA50: | -15.02% | |
| Price / MA100: | +0.98% | |
| Price / MAexp7: | +0.52% | |
| Price / MAexp20: | +1.44% | |
| Price / MAexp50: | +2.22% | |
| Price / MAexp100: | +2.68% |
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 CASH - BCH/USDT - 1H