BITCOIN BEP2 - BTCB/USD - 1H - Technical analysis published on 07/16/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
BITCOIN BEP2 - BTCB/USD Chart
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 20,667.40 USD
My targets
21,173.80 USD (+1.70%)
21,568.70 USD (+3.60%)
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 BEP2 - BTCB/USD as long as the price remains well above 20,667.40 USD. The buyers' bullish objective is set at 21,173.80 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 21,568.70 USD. If there is any crossing, the next objective would be the resistance located at 21,965.80 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.6
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 Londinia.
Additional analysis
Quotes
The BITCOIN BEP2 - BTCB/USD price is 20,820.09 USD. The price is lower by -0.02% since the last closing and was traded between 20,474.85 USD and 20,854.77 USD over the period. The price is currently at +1.69% from its lowest and -0.17% from its highest.20,474.85
20,854.77
20,820.09
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
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 BEP2 - BTCB/USD chart shows a strongly bullish trend. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being 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 : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 19,629.00 | 19,991.30 | 20,667.40 | 20,820.09 | 21,173.80 | 21,568.70 | 21,965.80 |
| Change (%) | -5.72% | -3.98% | -0.73% | - | +1.70% | +3.60% | +5.50% |
| Change | -1,191.09 | -828.79 | -152.69 | - | +353.71 | +748.61 | +1,145.71 |
| Level | Minor | Minor | Major | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19,575.16 | 19,972.20 | 20,398.14 | 20,795.18 | 21,221.12 | 21,618.16 | 22,044.10 |
| Camarilla | 20,597.76 | 20,673.20 | 20,748.64 | 20,824.08 | 20,899.52 | 20,974.96 | 21,050.40 |
| Woodie | 19,589.61 | 19,979.43 | 20,412.59 | 20,802.41 | 21,235.57 | 21,625.39 | 22,058.55 |
| Fibonacci | 19,972.20 | 20,286.58 | 20,480.80 | 20,795.18 | 21,109.56 | 21,303.78 | 21,618.16 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15,729.44 | 17,264.57 | 19,421.86 | 20,956.99 | 23,114.28 | 24,649.41 | 26,806.70 |
| Camarilla | 20,563.74 | 20,902.21 | 21,240.68 | 21,579.15 | 21,917.62 | 22,256.09 | 22,594.57 |
| Woodie | 16,040.52 | 17,420.11 | 19,732.94 | 21,112.53 | 23,425.36 | 24,804.95 | 27,117.78 |
| Fibonacci | 17,264.57 | 18,675.07 | 19,546.49 | 20,956.99 | 22,367.49 | 23,238.91 | 24,649.41 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 38.80 | 8,831.30 | 14,373.60 | 23,166.10 | 28,708.40 | 37,500.90 | 43,043.20 |
| Camarilla | 15,973.83 | 17,287.85 | 18,601.88 | 19,915.90 | 21,229.92 | 22,543.95 | 23,857.97 |
| Woodie | -1,586.30 | 8,018.75 | 12,748.50 | 22,353.55 | 27,083.30 | 36,688.35 | 41,418.10 |
| Fibonacci | 8,831.30 | 14,307.19 | 17,690.21 | 23,166.10 | 28,641.99 | 32,025.01 | 37,500.90 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 51.39 | |
| MACD (12,26,9): | -11.3000 | |
| Directional Movement: | 1.56 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 20,685.62 | |
| Parabolic SAR (0,02-0,02-0,2): | 20,739.03 | |
| Elder Ray (13): | 27.25 | |
| Super Trend (3,10): | 20,401.57 | |
| Zig ZAG (10): | 20,681.18 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 43.55 | |
| TEMA (21): | 20,596.97 | |
| Williams %R (14): | -38.11 | |
| Chande Momentum Oscillator (20): | 8.85 | |
| Repulse (5,40,3): | 0.4100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 2.15 |
| MA7: | 20,364.49 | |
| MA20: | 20,356.64 | |
| MA50: | 23,559.21 | |
| MA100: | 29,623.25 | |
| MAexp7: | 20,655.94 | |
| MAexp20: | 20,683.44 | |
| MAexp50: | 20,582.23 | |
| MAexp100: | 20,460.36 | |
| Price / MA7: | +2.24% | |
| Price / MA20: | +2.28% | |
| Price / MA50: | -11.63% | |
| Price / MA100: | -29.72% | |
| Price / MAexp7: | +0.79% | |
| Price / MAexp20: | +0.66% | |
| Price / MAexp50: | +1.16% | |
| Price / MAexp100: | +1.76% |
Quotes :
-
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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