BITCOIN CASH - BCH/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	BCHUSD
ISIN:

BITCOIN CASH - BCH/USD - 1H - Technical analysis published on 03/31/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

67%

28%

My opinion

Bullish above 560.87 USD

My targets

639.58 USD (+7.13%)

676.38 USD (+13.29%)

My analysis

Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 560.87 USD remains possible. It is advisable to trade BITCOIN CASH - BCH/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 560.87 USD. The next bullish objective for buyers is set at 639.58 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 676.38 USD. If there is any crossing, the next objective would be the resistance located at 717.39 USD. PS: if there is a bearish break in the support located at 560.87 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

4.5

Comment on the analysis

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BITCOIN CASH - BCH/USD price is 597.04 USD. On the day, this instrument lost -0.11% with the lowest point at 589.26 USD and the highest point at 604.86 USD. The deviation from the price is +1.32% for the low point and -1.29% for the high point.

589.26

604.86

597.04

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Abnormal volumes on BITCOIN CASH - BCH/USD were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this 1H chart of BITCOIN CASH - BCH/USD indicates that the overall trend is bullish. The signals given by moving averages are 67.86% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : 1 hour

The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	474.33	501.24	548.97	597.04	598.42	639.58	717.39
Change (%)	-20.55%	-16.05%	-8.05%	-	+0.23%	+7.13%	+20.16%
Change	-122.71	-95.80	-48.07	-	+1.38	+42.54	+120.35
Level	Minor	Major	Intermediate	-	Intermediate	Intermediate	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	551.48	571.40	584.54	604.46	617.60	637.52	650.66
Camarilla	588.58	591.61	594.64	597.67	600.70	603.73	606.76
Woodie	548.08	569.71	581.14	602.77	614.20	635.83	647.26
Fibonacci	571.40	584.03	591.83	604.46	617.09	624.89	637.52

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	287.92	366.64	482.15	560.87	676.38	755.10	870.61
Camarilla	544.26	562.06	579.87	597.67	615.47	633.28	651.08
Woodie	306.33	375.84	500.56	570.07	694.79	764.30	889.02
Fibonacci	366.64	440.83	486.67	560.87	635.06	680.90	755.10

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	179.16	212.98	255.55	289.37	331.94	365.76	408.33
Camarilla	277.11	284.12	291.12	298.12	305.12	312.13	319.13
Woodie	183.54	215.17	259.93	291.56	336.32	367.95	412.71
Fibonacci	212.98	242.16	260.19	289.37	318.55	336.58	365.76

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	48.83
MACD (12,26,9):	-1.7700
Directional Movement:	11.23
AROON (14):	-42.86
DEMA (21):	593.91
Parabolic SAR (0,02-0,02-0,2):	589.48
Elder Ray (13):	0.99
Super Trend (3,10):	588.62
Zig ZAG (10):	596.47
VORTEX (21):	0.9900
Stochastique (14,3,5):	38.03
TEMA (21):	592.11
Williams %R (14):	-47.37
Chande Momentum Oscillator (20):	1.31
Repulse (5,40,3):	0.1700
ROCnROLL:	1
TRIX (15,9):	-0.0600
Courbe Coppock:	1.01

MA7:	555.50
MA20:	468.44
MA50:	386.85
MA100:	315.40
MAexp7:	594.65
MAexp20:	596.05
MAexp50:	593.90
MAexp100:	574.85
Price / MA7:	+7.48%
Price / MA20:	+27.45%
Price / MA50:	+54.33%
Price / MA100:	+89.30%
Price / MAexp7:	+0.40%
Price / MAexp20:	+0.17%
Price / MAexp50:	+0.53%
Price / MAexp100:	+3.86%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia AI

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