BITCOIN BEP2 - BTCB/USD - 1H - Technical analysis published on 08/03/2022 (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:
Bearish
Underlying:
Slightly bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 23,453.50 USD
My targets
22,672.10 USD (-1.33%)
22,242.70 USD (-3.20%)
My analysis
The bearish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade BITCOIN BEP2 - BTCB/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 23,453.50 USD. The next bearish objective for sellers is set at 22,672.10 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 22,242.70 USD. In case of crossing, the next objective would be the support located at 21,328.70 USD. In the event of a bullish break in the resistance located at 23,453.50 USD a certain indecision would take hold.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
2.1
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This analysis was given by Londinia.
Additional analysis
Quotes
The BITCOIN BEP2 - BTCB/USD rating is 22,976.90 USD. The price registered a decrease of -0.05% on the session with the lowest point at 22,690.01 USD and the highest point at 23,643.89 USD. The deviation from the price is +1.26% for the low point and -2.82% for the high point.22,690.01
23,643.89
22,976.90
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of BITCOIN BEP2 - BTCB/USD in 1H shows an overall slightly bearish trend. 53.57% of the signals given by moving averages are bearish. The overall trend remains fragile, reflecting the slightly bearish signals given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 6 are neutral and 7 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 21,328.70 | 22,242.70 | 22,672.10 | 22,976.90 | 23,453.50 | 23,888.90 | 24,668.30 |
| Change (%) | -7.17% | -3.20% | -1.33% | - | +2.07% | +3.97% | +7.36% |
| Change | -1,648.20 | -734.20 | -304.80 | - | +476.60 | +912.00 | +1,691.40 |
| Level | Intermediate | Minor | Major | - | Intermediate | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21,803.22 | 22,233.05 | 22,610.35 | 23,040.18 | 23,417.48 | 23,847.31 | 24,224.61 |
| Camarilla | 22,765.69 | 22,839.68 | 22,913.66 | 22,987.65 | 23,061.64 | 23,135.62 | 23,209.61 |
| Woodie | 21,776.96 | 22,219.92 | 22,584.09 | 23,027.05 | 23,391.22 | 23,834.18 | 24,198.35 |
| Fibonacci | 22,233.05 | 22,541.37 | 22,731.86 | 23,040.18 | 23,348.50 | 23,538.99 | 23,847.31 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17,394.73 | 19,053.51 | 21,350.76 | 23,009.54 | 25,306.79 | 26,965.57 | 29,262.82 |
| Camarilla | 22,560.09 | 22,922.73 | 23,285.36 | 23,648.00 | 24,010.64 | 24,373.27 | 24,735.91 |
| Woodie | 17,713.96 | 19,213.13 | 21,669.99 | 23,169.16 | 25,626.02 | 27,125.19 | 29,582.05 |
| Fibonacci | 19,053.51 | 20,564.72 | 21,498.34 | 23,009.54 | 24,520.75 | 25,454.37 | 26,965.57 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13,979.25 | 16,389.48 | 19,847.88 | 22,258.11 | 25,716.51 | 28,126.74 | 31,585.14 |
| Camarilla | 21,692.42 | 22,230.38 | 22,768.33 | 23,306.29 | 23,844.25 | 24,382.21 | 24,920.16 |
| Woodie | 14,503.35 | 16,651.52 | 20,371.98 | 22,520.15 | 26,240.61 | 28,388.78 | 32,109.24 |
| Fibonacci | 16,389.48 | 18,631.29 | 20,016.29 | 22,258.11 | 24,499.92 | 25,884.92 | 28,126.74 |
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): | 50.67 | |
| MACD (12,26,9): | 83.3100 | |
| Directional Movement: | 5.92 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 23,379.60 | |
| Parabolic SAR (0,02-0,02-0,2): | 23,628.31 | |
| Elder Ray (13): | -61.27 | |
| Super Trend (3,10): | 22,912.78 | |
| Zig ZAG (10): | 23,224.73 | |
| VORTEX (21): | 1.1500 | |
| Stochastique (14,3,5): | 36.26 | |
| TEMA (21): | 23,437.51 | |
| Williams %R (14): | -92.84 | |
| Chande Momentum Oscillator (20): | -174.22 | |
| Repulse (5,40,3): | -0.6400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 2.29 |
| MA7: | 23,449.13 | |
| MA20: | 22,623.15 | |
| MA50: | 21,323.68 | |
| MA100: | 26,419.51 | |
| MAexp7: | 23,333.29 | |
| MAexp20: | 23,271.85 | |
| MAexp50: | 23,207.07 | |
| MAexp100: | 23,224.01 | |
| Price / MA7: | -2.01% | |
| Price / MA20: | +1.56% | |
| Price / MA50: | +7.75% | |
| Price / MA100: | -13.03% | |
| Price / MAexp7: | -1.53% | |
| Price / MAexp20: | -1.27% | |
| Price / MAexp50: | -0.99% | |
| Price / MAexp100: | -1.06% |
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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