BITCOIN SV - BSV/USDT - 1H - Technical analysis published on 02/17/2021 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 237.91 USDT
My targets
257.08 USDT (+3.86%)
267.42 USDT (+8.04%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BITCOIN SV - BSV/USDT as long as the price remains well above 237.91 USDT. The buyers” bullish objective is set at 257.08 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 267.42 USDT. If there is any crossing, the next objective would be the resistance located at 285.40 USDT.
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
6.3
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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 BITCOIN SV - BSV/USDT price is 247.53 USDT. The price registered an increase of +4.63% on the session and was traded between 227.22 USDT and 251.94 USDT over the period. The price is currently at +8.94% from its lowest and -1.75% from its highest.227.22
251.94
247.53
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this BITCOIN SV - BSV/USDT chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
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
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
White hanging man / hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 227.19 | 237.91 | 247.15 | 247.53 | 257.08 | 267.42 | 285.40 |
Change (%) | -8.22% | -3.89% | -0.15% | - | +3.86% | +8.04% | +15.30% |
Change | -20.34 | -9.62 | -0.38 | - | +9.55 | +19.89 | +37.87 |
Level | Intermediate | Intermediate | Major | - | Minor | Intermediate | Major |
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 | 193.08 | 210.04 | 223.31 | 240.27 | 253.54 | 270.50 | 283.77 |
Camarilla | 228.27 | 231.04 | 233.81 | 236.58 | 239.35 | 242.12 | 244.89 |
Woodie | 191.24 | 209.12 | 221.47 | 239.35 | 251.70 | 269.58 | 281.93 |
Fibonacci | 210.04 | 221.59 | 228.72 | 240.27 | 251.82 | 258.95 | 270.50 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 116.42 | 147.52 | 206.72 | 237.82 | 297.02 | 328.12 | 387.32 |
Camarilla | 241.09 | 249.37 | 257.64 | 265.92 | 274.20 | 282.48 | 290.75 |
Woodie | 130.47 | 154.55 | 220.77 | 244.85 | 311.07 | 335.15 | 401.37 |
Fibonacci | 147.52 | 182.02 | 203.33 | 237.82 | 272.32 | 293.63 | 328.12 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | -53.52 | 52.26 | 113.00 | 218.78 | 279.52 | 385.30 | 446.04 |
Camarilla | 127.94 | 143.20 | 158.47 | 173.73 | 188.99 | 204.26 | 219.52 |
Woodie | -76.05 | 41.00 | 90.47 | 207.52 | 256.99 | 374.04 | 423.51 |
Fibonacci | 52.26 | 115.87 | 155.17 | 218.78 | 282.39 | 321.69 | 385.30 |
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): | 59.64 | |
MACD (12,26,9): | 0.6800 | |
Directional Movement: | 7.56 | |
AROON (14): | 42.86 | |
DEMA (21): | 240.21 | |
Parabolic SAR (0,02-0,02-0,2): | 228.90 | |
Elder Ray (13): | 4.91 | |
Super Trend (3,10): | 231.90 | |
Zig ZAG (10): | 245.35 | |
VORTEX (21): | 1.1600 | |
Stochastique (14,3,5): | 86.09 | |
TEMA (21): | 243.01 | |
Williams %R (14): | -7.21 | |
Chande Momentum Oscillator (20): | 12.27 | |
Repulse (5,40,3): | 1.3400 | |
ROCnROLL: | 1 | |
TRIX (15,9): | -0.0400 | |
Courbe Coppock: | 7.07 |
MA7: | 243.98 | |
MA20: | 207.07 | |
MA50: | 196.14 | |
MA100: | 183.40 | |
MAexp7: | 242.25 | |
MAexp20: | 239.08 | |
MAexp50: | 240.83 | |
MAexp100: | 240.90 | |
Price / MA7: | +1.46% | |
Price / MA20: | +19.54% | |
Price / MA50: | +26.20% | |
Price / MA100: | +34.97% | |
Price / MAexp7: | +2.18% | |
Price / MAexp20: | +3.53% | |
Price / MAexp50: | +2.78% | |
Price / MAexp100: | +2.75% |
Quotes :
2021-02-17 16:09:09
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Real time data
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Cryptocompare
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About author
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