BYTOMDAO - BTM/USDT - 1H - Technical analysis published on 04/07/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
33%
22%
44%
My opinion
Bullish above 0.060103 USDT
My targets
0.063453 USDT (+3.19%)
0.065743 USDT (+6.92%)
My analysis
The basic bullish trend is very strong on BYTOM - BTM/USDT but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 0.060103 USDT. Crossing the first resistance at 0.063453 USDT would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 0.065743 USDT as an objective. Crossing it would then enable buyers to target 0.087933 USDT. Caution, a return to below 0.060103 USDT would be a sign of a consolidation phase in the short-term basic trend. 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, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
FORCE
0
10
5.7
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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 BYTOM - BTM/USDT rating is 0.061490 USDT. On the day, this instrument gained -0.65% and was traded between 0.059980 USDT and 0.062660 USDT over the period. The price is currently at +2.52% from its lowest and -1.87% from its highest.0.059980
0.062660
0.061490
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:
Technical
A technical analysis in 1H of this BYTOM - BTM/USDT chart shows a strongly bullish trend. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals 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 technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.056940 | 0.058510 | 0.060103 | 0.061490 | 0.063453 | 0.087933 | 0.119300 |
| Change (%) | -7.40% | -4.85% | -2.26% | - | +3.19% | +43.00% | +94.02% |
| Change | -0.004550 | -0.002980 | -0.001387 | - | +0.001963 | +0.026443 | +0.057810 |
| Level | Intermediate | Minor | Intermediate | - | Minor | 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 | 0.053807 | 0.055463 | 0.058677 | 0.060333 | 0.063547 | 0.065203 | 0.068417 |
| Camarilla | 0.060551 | 0.060997 | 0.061444 | 0.061890 | 0.062336 | 0.062783 | 0.063229 |
| Woodie | 0.054585 | 0.055853 | 0.059455 | 0.060723 | 0.064325 | 0.065593 | 0.069195 |
| Fibonacci | 0.055463 | 0.057324 | 0.058473 | 0.060333 | 0.062194 | 0.063343 | 0.065203 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.049513 | 0.052097 | 0.054923 | 0.057507 | 0.060333 | 0.062917 | 0.065743 |
| Camarilla | 0.056262 | 0.056758 | 0.057254 | 0.057750 | 0.058246 | 0.058742 | 0.059238 |
| Woodie | 0.049635 | 0.052158 | 0.055045 | 0.057568 | 0.060455 | 0.062978 | 0.065865 |
| Fibonacci | 0.052097 | 0.054163 | 0.055440 | 0.057507 | 0.059573 | 0.060850 | 0.062917 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.040687 | -0.005263 | 0.025663 | 0.061087 | 0.092013 | 0.127437 | 0.158363 |
| Camarilla | 0.038344 | 0.044426 | 0.050508 | 0.056590 | 0.062672 | 0.068754 | 0.074836 |
| Woodie | -0.042935 | -0.006388 | 0.023415 | 0.059963 | 0.089765 | 0.126313 | 0.156115 |
| Fibonacci | -0.005263 | 0.020082 | 0.035741 | 0.061087 | 0.086432 | 0.102091 | 0.127437 |
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): | 51.94 | |
| MACD (12,26,9): | 0.0005 | |
| Directional Movement: | 8.010881 | |
| AROON (14): | 35.714287 | |
| DEMA (21): | 0.061928 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.060283 | |
| Elder Ray (13): | -0.000229 | |
| Super Trend (3,10): | 0.059715 | |
| Zig ZAG (10): | 0.061490 | |
| VORTEX (21): | 1.1293 | |
| Stochastique (14,3,5): | 60.94 | |
| TEMA (21): | 0.061980 | |
| Williams %R (14): | -41.79 | |
| Chande Momentum Oscillator (20): | -0.000390 | |
| Repulse (5,40,3): | -0.2882 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1717 | |
| Courbe Coppock: | 2.03 |
| MA7: | 0.058529 | |
| MA20: | 0.057655 | |
| MA50: | 0.068689 | |
| MA100: | 0.077410 | |
| MAexp7: | 0.061620 | |
| MAexp20: | 0.061072 | |
| MAexp50: | 0.059955 | |
| MAexp100: | 0.058941 | |
| Price / MA7: | +5.06% | |
| Price / MA20: | +6.65% | |
| Price / MA50: | -10.48% | |
| Price / MA100: | -20.57% | |
| Price / MAexp7: | -0.21% | |
| Price / MAexp20: | +0.68% | |
| Price / MAexp50: | +2.56% | |
| Price / MAexp100: | +4.32% |
This member declared not having a position on this financial instrument or a related financial instrument.
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