BITCOIN SV - BSV/ETH - 1H - Technical analysis published on 10/27/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 0.031868 ETH
My targets
0.030636 ETH (-1.74%)
0.029076 ETH (-6.75%)
My analysis
Has the basic bearish 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 bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.031868 ETH remains possible. It is advisable to trade BITCOIN SV - BSV/ETH with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.031868 ETH. The next bearish objective for sellers is set at 0.030636 ETH. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.029076 ETH. In case of crossing, the next objective would be the support located at 0.024672 ETH. PS: if there is a bullish break in the resistance located at 0.031868 ETH we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0.4
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Additional analysis
Quotes
The BITCOIN SV - BSV/ETH price is 0.031180 ETH. The price has increased by +0.96% since the last closing and was between 0.030640 ETH and 0.031459 ETH. This implies that the price is at +1.76% from its lowest and at -0.89% from its highest.0.030640
0.031459
0.031180
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BITCOIN SV - BSV/ETH:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of BITCOIN SV - BSV/ETH in 1H shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
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 | 0.024672 | 0.029076 | 0.030636 | 0.031180 | 0.031868 | 0.034610 | 0.035411 |
| Change (%) | -20.87% | -6.75% | -1.74% | - | +2.21% | +11.00% | +13.57% |
| Change | -0.006508 | -0.002104 | -0.000544 | - | +0.000688 | +0.003430 | +0.004231 |
| Level | Minor | Major | Intermediate | - | Minor | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.027918 | 0.029275 | 0.030080 | 0.031437 | 0.032242 | 0.033599 | 0.034404 |
| Camarilla | 0.030291 | 0.030489 | 0.030687 | 0.030885 | 0.031083 | 0.031281 | 0.031480 |
| Woodie | 0.027642 | 0.029137 | 0.029804 | 0.031299 | 0.031966 | 0.033461 | 0.034128 |
| Fibonacci | 0.029275 | 0.030101 | 0.030611 | 0.031437 | 0.032263 | 0.032773 | 0.033599 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.031781 | 0.033586 | 0.034657 | 0.036462 | 0.037533 | 0.039338 | 0.040409 |
| Camarilla | 0.034938 | 0.035202 | 0.035465 | 0.035729 | 0.035993 | 0.036256 | 0.036520 |
| Woodie | 0.031415 | 0.033403 | 0.034291 | 0.036279 | 0.037167 | 0.039155 | 0.040043 |
| Fibonacci | 0.033586 | 0.034684 | 0.035363 | 0.036462 | 0.037560 | 0.038239 | 0.039338 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.021051 | 0.025876 | 0.031342 | 0.036167 | 0.041633 | 0.046458 | 0.051924 |
| Camarilla | 0.033979 | 0.034922 | 0.035866 | 0.036809 | 0.037752 | 0.038696 | 0.039639 |
| Woodie | 0.021373 | 0.026036 | 0.031664 | 0.036327 | 0.041955 | 0.046618 | 0.052246 |
| Fibonacci | 0.025876 | 0.029807 | 0.032236 | 0.036167 | 0.040098 | 0.042527 | 0.046458 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 49.55 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -5.574149 | |
| AROON (14): | -21.428571 | |
| DEMA (21): | 0.030780 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.031153 | |
| Elder Ray (13): | 0.000128 | |
| Super Trend (3,10): | 0.031409 | |
| Zig ZAG (10): | 0.031091 | |
| VORTEX (21): | 1.0526 | |
| Stochastique (14,3,5): | 53.48 | |
| TEMA (21): | 0.030964 | |
| Williams %R (14): | -14.13 | |
| Chande Momentum Oscillator (20): | 0.000282 | |
| Repulse (5,40,3): | 1.2928 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0826 | |
| Courbe Coppock: | 1.30 |
| MA7: | 0.033673 | |
| MA20: | 0.036069 | |
| MA50: | 0.035831 | |
| MA100: | 0.035256 | |
| MAexp7: | 0.030968 | |
| MAexp20: | 0.031006 | |
| MAexp50: | 0.031577 | |
| MAexp100: | 0.032597 | |
| Price / MA7: | -7.40% | |
| Price / MA20: | -13.55% | |
| Price / MA50: | -12.98% | |
| Price / MA100: | -11.56% | |
| Price / MAexp7: | +0.68% | |
| Price / MAexp20: | +0.56% | |
| Price / MAexp50: | -1.26% | |
| Price / MAexp100: | -4.35% |
Quotes :
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Real time data
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Cryptocompare
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