BITSHARES - BTS/USD - 1H - Technical analysis published on 08/04/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 0.009905 USD
My targets
0.010429 USD (+2.08%)
0.011428 USD (+11.86%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BITSHARES - BTS/USD as long as the price remains well above 0.009905 USD. The buyers' bullish objective is set at 0.010429 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.011428 USD. If there is any crossing, the next objective would be the resistance located at 0.011953 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
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Additional analysis
Quotes
The BITSHARES - BTS/USD rating is 0.010216 USD. The price has increased by +2.94% since the last closing and was between 0.009921 USD and 0.010221 USD. This implies that the price is at +2.97% from its lowest and at -0.05% from its highest.0.009921
0.010221
0.010216
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BITSHARES - BTS/USD:
Technical
Technical analysis of BITSHARES - BTS/USD 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. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.009336 | 0.009605 | 0.009905 | 0.010216 | 0.010429 | 0.011428 | 0.011953 |
| Change (%) | -8.61% | -5.98% | -3.04% | - | +2.08% | +11.86% | +17.00% |
| Change | -0.000880 | -0.000611 | -0.000311 | - | +0.000213 | +0.001212 | +0.001737 |
| Level | Intermediate | Intermediate | Major | - | Major | Minor | 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 | 0.008622 | 0.009111 | 0.009517 | 0.010006 | 0.010412 | 0.010901 | 0.011307 |
| Camarilla | 0.009678 | 0.009760 | 0.009842 | 0.009924 | 0.010006 | 0.010088 | 0.010170 |
| Woodie | 0.008582 | 0.009090 | 0.009477 | 0.009985 | 0.010372 | 0.010880 | 0.011267 |
| Fibonacci | 0.009111 | 0.009453 | 0.009664 | 0.010006 | 0.010348 | 0.010559 | 0.010901 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.007085 | 0.008184 | 0.009230 | 0.010329 | 0.011375 | 0.012474 | 0.013520 |
| Camarilla | 0.009686 | 0.009883 | 0.010079 | 0.010276 | 0.010473 | 0.010669 | 0.010866 |
| Woodie | 0.007059 | 0.008171 | 0.009204 | 0.010316 | 0.011349 | 0.012461 | 0.013494 |
| Fibonacci | 0.008184 | 0.009003 | 0.009510 | 0.010329 | 0.011148 | 0.011655 | 0.012474 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.001287 | 0.003486 | 0.006565 | 0.011338 | 0.014417 | 0.019190 | 0.022269 |
| Camarilla | 0.007484 | 0.008204 | 0.008923 | 0.009643 | 0.010363 | 0.011083 | 0.011802 |
| Woodie | -0.002135 | 0.003063 | 0.005717 | 0.010915 | 0.013569 | 0.018767 | 0.021421 |
| Fibonacci | 0.003486 | 0.006486 | 0.008339 | 0.011338 | 0.014338 | 0.016191 | 0.019190 |
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): | 62.72 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 16.946036 | |
| AROON (14): | 21.428571 | |
| DEMA (21): | 0.009991 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.009599 | |
| Elder Ray (13): | 0.000112 | |
| Super Trend (3,10): | 0.010282 | |
| Zig ZAG (10): | 0.010212 | |
| VORTEX (21): | 0.9237 | |
| Stochastique (14,3,5): | 65.05 | |
| TEMA (21): | 0.010003 | |
| Williams %R (14): | -5.00 | |
| Chande Momentum Oscillator (20): | 0.000608 | |
| Repulse (5,40,3): | 3.6462 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0399 | |
| Courbe Coppock: | 1.90 |
| MA7: | 0.009867 | |
| MA20: | 0.009906 | |
| MA50: | 0.009574 | |
| MA100: | 0.009064 | |
| MAexp7: | 0.009926 | |
| MAexp20: | 0.009939 | |
| MAexp50: | 0.009875 | |
| MAexp100: | 0.009845 | |
| Price / MA7: | +3.54% | |
| Price / MA20: | +3.13% | |
| Price / MA50: | +6.71% | |
| Price / MA100: | +12.71% | |
| Price / MAexp7: | +2.92% | |
| Price / MAexp20: | +2.79% | |
| Price / MAexp50: | +3.45% | |
| Price / MAexp100: | +3.77% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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