BITSHARES - BTS/USD - 1H - Technical analysis published on 08/31/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
28%
22%
My opinion
Bullish above 0.009161 USD
My targets
0.009590 USD (+0.61%)
0.009820 USD (+3.02%)
My analysis
BITSHARES - BTS/USD 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 0.009161 USD. The next resistance located at 0.009590 USD 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 0.009820 USD. After this resistance, buyers could then target 0.010022 USD. 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 not called into question, despite technical indicators being indecisive.
Force
0
10
6.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BITSHARES - BTS/USD rating 0.009532 USD. The price registered an increase of +2.63% on the session with the lowest point at 0.009252 USD and the highest point at 0.010076 USD. The deviation from the price is +3.03% for the low point and -5.40% for the high point.0.009252
0.010076
0.009532
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 this 1H chart of BITSHARES - BTS/USD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 9 are bullish, 4 are neutral and 5 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.008568 | 0.008854 | 0.009161 | 0.009532 | 0.009590 | 0.009820 | 0.010022 |
| Change (%) | -10.11% | -7.11% | -3.89% | - | +0.61% | +3.02% | +5.14% |
| Change | -0.000964 | -0.000678 | -0.000371 | - | +0.000058 | +0.000288 | +0.000490 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | 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 | 0.007675 | 0.008211 | 0.008749 | 0.009285 | 0.009823 | 0.010359 | 0.010897 |
| Camarilla | 0.008993 | 0.009091 | 0.009190 | 0.009288 | 0.009387 | 0.009485 | 0.009583 |
| Woodie | 0.007677 | 0.008212 | 0.008751 | 0.009286 | 0.009825 | 0.010360 | 0.010899 |
| Fibonacci | 0.008211 | 0.008621 | 0.008874 | 0.009285 | 0.009695 | 0.009948 | 0.010359 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.006353 | 0.007220 | 0.007901 | 0.008768 | 0.009449 | 0.010316 | 0.010997 |
| Camarilla | 0.008157 | 0.008299 | 0.008441 | 0.008583 | 0.008725 | 0.008867 | 0.009009 |
| Woodie | 0.006261 | 0.007174 | 0.007809 | 0.008722 | 0.009357 | 0.010270 | 0.010905 |
| Fibonacci | 0.007220 | 0.007811 | 0.008176 | 0.008768 | 0.009359 | 0.009724 | 0.010316 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.006081 | 0.007508 | 0.008574 | 0.010001 | 0.011067 | 0.012494 | 0.013560 |
| Camarilla | 0.008954 | 0.009183 | 0.009412 | 0.009640 | 0.009869 | 0.010097 | 0.010326 |
| Woodie | 0.005901 | 0.007418 | 0.008394 | 0.009911 | 0.010887 | 0.012404 | 0.013380 |
| Fibonacci | 0.007508 | 0.008460 | 0.009049 | 0.010001 | 0.010953 | 0.011542 | 0.012494 |
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): | 55.84 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 29.465693 | |
| AROON (14): | 78.571429 | |
| DEMA (21): | 0.009623 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.009457 | |
| Elder Ray (13): | 0.000047 | |
| Super Trend (3,10): | 0.009086 | |
| Zig ZAG (10): | 0.009532 | |
| VORTEX (21): | 1.0514 | |
| Stochastique (14,3,5): | 45.51 | |
| TEMA (21): | 0.009671 | |
| Williams %R (14): | -66.02 | |
| Chande Momentum Oscillator (20): | -0.000011 | |
| Repulse (5,40,3): | 1.0444 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2625 | |
| Courbe Coppock: | 8.08 |
| MA7: | 0.008909 | |
| MA20: | 0.009043 | |
| MA50: | 0.009603 | |
| MA100: | 0.009199 | |
| MAexp7: | 0.009559 | |
| MAexp20: | 0.009407 | |
| MAexp50: | 0.009158 | |
| MAexp100: | 0.008972 | |
| Price / MA7: | +6.99% | |
| Price / MA20: | +5.41% | |
| Price / MA50: | -0.74% | |
| Price / MA100: | +3.62% | |
| Price / MAexp7: | -0.28% | |
| Price / MAexp20: | +1.33% | |
| Price / MAexp50: | +4.08% | |
| Price / MAexp100: | +6.24% |
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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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…
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