BITCOIN SV - BSV/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	BSVUSDT
ISIN:

BITCOIN SV - BSV/USDT - Daily - Technical analysis published on 12/28/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 64.22 USDT

My targets

122.12 USDT (+32.42%)

193.79 USDT (+110.14%)

My analysis

BITCOIN SV - BSV/USDT 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 64.22 USDT. The next resistance located at 122.12 USDT 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 193.79 USDT. After this resistance, buyers could then target 439.93 USDT. 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 confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

9.1

Comment on the analysis

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 MOHAMMED ALAMERI. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BITCOIN SV - BSV/USDT rating is 92.22 USDT. On the day, this instrument gained +20.55% and was traded between 74.08 USDT and 93.31 USDT over the period. The price is currently at +24.49% from its lowest and -1.17% from its highest.

74.08

93.31

92.22

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/USDT:

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of BITCOIN SV - BSV/USDT 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 detects a bullish signal on moving averages that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, 17 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Long white line

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	45.41	49.96	55.74	92.22	122.12	193.79	439.93
Change (%)	-50.76%	-45.83%	-39.56%	-	+32.42%	+110.14%	+377.04%
Change	-46.81	-42.26	-36.48	-	+29.90	+101.57	+347.71
Level	Major	Intermediate	Intermediate	-	Minor	Major	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	31.13	40.22	58.36	67.45	85.59	94.68	112.82
Camarilla	69.01	71.51	74.00	76.50	79.00	81.49	83.99
Woodie	35.66	42.48	62.89	69.71	90.12	96.94	117.35
Fibonacci	40.22	50.62	57.05	67.45	77.85	84.28	94.68

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	40.22	42.72	46.55	49.05	52.88	55.38	59.21
Camarilla	48.64	49.22	49.80	50.38	50.96	51.54	52.12
Woodie	40.89	43.05	47.22	49.38	53.55	55.71	59.88
Fibonacci	42.72	45.14	46.63	49.05	51.47	52.96	55.38

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	30.80	37.57	41.94	48.71	53.08	59.85	64.22
Camarilla	43.25	44.27	45.29	46.31	47.33	48.35	49.37
Woodie	29.60	36.97	40.74	48.11	51.88	59.25	63.02
Fibonacci	37.57	41.83	44.46	48.71	52.97	55.60	59.85

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):	87.87
MACD (12,26,9):	5.3100
Directional Movement:	50.10
AROON (14):	71.43
DEMA (21):	61.54
Parabolic SAR (0,02-0,02-0,2):	46.72
Elder Ray (13):	24.42
Super Trend (3,10):	63.75
Zig ZAG (10):	92.74
VORTEX (21):	1.2300
Stochastique (14,3,5):	90.01
TEMA (21):	65.81
Williams %R (14):	-2.32
Chande Momentum Oscillator (20):	42.94
Repulse (5,40,3):	56.5900
ROCnROLL:	1
TRIX (15,9):	0.4000
Courbe Coppock:	48.47

MA7:	59.93
MA20:	53.22
MA50:	50.53
MA100:	45.62
MAexp7:	65.39
MAexp20:	56.10
MAexp50:	51.27
MAexp100:	46.95
Price / MA7:	+53.88%
Price / MA20:	+73.28%
Price / MA50:	+82.51%
Price / MA100:	+102.15%
Price / MAexp7:	+41.03%
Price / MAexp20:	+64.39%
Price / MAexp50:	+79.87%
Price / MAexp100:	+96.42%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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