BITCOIN SV - BSV/USDT - 1H - Technical analysis published on 05/14/2021 (GMT)
- 259
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- 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:
Slightly bearish
Technical indicators
72%
0%
28%
My opinion
Bullish above 326.36 USDT
My targets
338.67 USDT (+2.15%)
367.43 USDT (+10.82%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for BITCOIN SV - BSV/USDT as long as the price remains well above 326.36 USDT. The buyers' bullish objective is set at 338.67 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 367.43 USDT. If there is any crossing, the next objective would be the resistance located at 403.20 USDT. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 338.67 USDT. On this resistance, against the trend traders who would like to go short on BITCOIN SV - BSV/USDT with a bearish signal from their trading strategy, should not hesitate to act.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
2.7
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
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 rating is 331.55 USDT. On the day, this instrument gained +4.94% with the lowest point at 311.70 USDT and the highest point at 331.72 USDT. The deviation from the price is +6.37% for the low point and -0.05% for the high point.311.70
331.72
331.55
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BITCOIN SV - BSV/USDT:
Technical
A technical analysis in 1H of this BITCOIN SV - BSV/USDT chart shows a slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative 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
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
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 | 285.40 | 307.19 | 326.36 | 331.55 | 367.43 | 403.20 | 424.65 |
| Change (%) | -13.92% | -7.35% | -1.57% | - | +10.82% | +21.61% | +28.08% |
| Change | -46.15 | -24.36 | -5.19 | - | +35.88 | +71.65 | +93.10 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | 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 | 246.65 | 268.29 | 292.11 | 313.75 | 337.57 | 359.21 | 383.03 |
| Camarilla | 303.43 | 307.60 | 311.76 | 315.93 | 320.10 | 324.26 | 328.43 |
| Woodie | 247.74 | 268.84 | 293.20 | 314.30 | 338.66 | 359.76 | 384.12 |
| Fibonacci | 268.29 | 285.66 | 296.38 | 313.75 | 331.12 | 341.84 | 359.21 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 171.38 | 243.37 | 305.72 | 377.71 | 440.06 | 512.05 | 574.40 |
| Camarilla | 331.13 | 343.44 | 355.76 | 368.07 | 380.39 | 392.70 | 405.01 |
| Woodie | 166.56 | 240.96 | 300.90 | 375.30 | 435.24 | 509.64 | 569.58 |
| Fibonacci | 243.37 | 294.69 | 326.39 | 377.71 | 429.03 | 460.73 | 512.05 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -85.29 | 61.06 | 192.32 | 338.67 | 469.93 | 616.28 | 747.54 |
| Camarilla | 247.25 | 272.70 | 298.14 | 323.59 | 349.04 | 374.49 | 399.93 |
| Woodie | -92.83 | 57.29 | 184.79 | 334.90 | 462.40 | 612.51 | 740.01 |
| Fibonacci | 61.06 | 167.10 | 232.62 | 338.67 | 444.71 | 510.23 | 616.28 |
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): | 56.47 | |
| MACD (12,26,9): | 1.4600 | |
| Directional Movement: | 0.16 | |
| AROON (14): | 64.28 | |
| DEMA (21): | 321.11 | |
| Parabolic SAR (0,02-0,02-0,2): | 312.91 | |
| Elder Ray (13): | 3.19 | |
| Super Trend (3,10): | 329.01 | |
| Zig ZAG (10): | 328.62 | |
| VORTEX (21): | 1.2200 | |
| Stochastique (14,3,5): | 90.28 | |
| TEMA (21): | 330.06 | |
| Williams %R (14): | -11.13 | |
| Chande Momentum Oscillator (20): | 17.10 | |
| Repulse (5,40,3): | 1.6500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 9.77 |
| MA7: | 344.05 | |
| MA20: | 333.50 | |
| MA50: | 293.77 | |
| MA100: | 248.83 | |
| MAexp7: | 326.72 | |
| MAexp20: | 320.90 | |
| MAexp50: | 327.36 | |
| MAexp100: | 339.34 | |
| Price / MA7: | -3.63% | |
| Price / MA20: | -0.58% | |
| Price / MA50: | +12.86% | |
| Price / MA100: | +33.24% | |
| Price / MAexp7: | +1.48% | |
| Price / MAexp20: | +3.32% | |
| Price / MAexp50: | +1.28% | |
| Price / MAexp100: | -2.30% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis BITCOIN SV - BSV/USDT - 1H