BITCOIN BEP2 - BTCB/USD

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Change:	-
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Type:	Cryptocurrencies
Ticker:	BTCBUSD
ISIN:

BITCOIN BEP2 - BTCB/USD - Daily - Technical analysis published on 06/26/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

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BITCOIN BEP2 - BTCB/USD Chart

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 28,083.50 USD

My targets

31,464.47 USD (+3.27%)

My analysis

BITCOIN BEP2 - BTCB/USD 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 28,083.50 USD. The next resistance located at 31,464.47 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. 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, 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

7.7

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 Londinia.

Additional analysis

Quotes

BITCOIN BEP2 - BTCB/USD rating 30,467.86 USD. The price is lower by -0.01% since the last closing and was between 29,988.26 USD and 30,589.99 USD. This implies that the price is at +1.60% from its lowest and at -0.40% from its highest.

29,988.26

30,589.99

30,467.86

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 BEP2 - BTCB/USD:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of BITCOIN BEP2 - BTCB/USD in Daily shows a strongly overall bullish trend. 85.71% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	25,134.20	28,083.50	30,387.30	30,467.86
Change (%)	-17.51%	-7.83%	-0.26%	-
Change	-5,333.66	-2,384.36	-80.56	-
Level	Major	Intermediate	Major	-

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	29,395.91	29,842.54	30,157.20	30,603.83	30,918.49	31,365.12	31,679.78
Camarilla	30,262.52	30,332.30	30,402.09	30,471.87	30,541.66	30,611.44	30,681.23
Woodie	29,329.94	29,809.55	30,091.23	30,570.84	30,852.52	31,332.13	31,613.81
Fibonacci	29,842.54	30,133.35	30,313.01	30,603.83	30,894.64	31,074.30	31,365.12

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	22,219.85	24,237.32	27,390.10	29,407.57	32,560.35	34,577.82	37,730.60
Camarilla	29,121.05	29,594.99	30,068.93	30,542.87	31,016.81	31,490.75	31,964.69
Woodie	22,787.50	24,521.15	27,957.75	29,691.40	33,128.00	34,861.65	38,298.25
Fibonacci	24,237.32	26,212.36	27,432.54	29,407.57	31,382.61	32,602.79	34,577.82

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	22,984.07	24,403.33	25,810.87	27,230.13	28,637.67	30,056.93	31,464.47
Camarilla	26,441.03	26,700.15	26,959.28	27,218.40	27,477.52	27,736.65	27,995.77
Woodie	22,978.20	24,400.40	25,805.00	27,227.20	28,631.80	30,054.00	31,458.60
Fibonacci	24,403.33	25,483.17	26,150.30	27,230.13	28,309.97	28,977.10	30,056.93

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):	69.51
MACD (12,26,9):	960.4700
Directional Movement:	22.33
AROON (14):	64.28
DEMA (21):	29,299.59
Parabolic SAR (0,02-0,02-0,2):	27,513.00
Elder Ray (13):	1,415.35
Super Trend (3,10):	27,562.87
Zig ZAG (10):	30,390.84
VORTEX (21):	1.2100
Stochastique (14,3,5):	85.47
TEMA (21):	30,278.43
Williams %R (14):	-15.64
Chande Momentum Oscillator (20):	5,259.02
Repulse (5,40,3):	1.4500
ROCnROLL:	1
TRIX (15,9):	0.2300
Courbe Coppock:	29.13

MA7:	30,043.23
MA20:	27,501.04
MA50:	27,241.09
MA100:	27,872.41
MAexp7:	29,762.76
MAexp20:	28,296.56
MAexp50:	27,624.44
MAexp100:	26,883.76
Price / MA7:	+1.41%
Price / MA20:	+10.79%
Price / MA50:	+11.85%
Price / MA100:	+9.31%
Price / MAexp7:	+2.37%
Price / MAexp20:	+7.67%
Price / MAexp50:	+10.29%
Price / MAexp100:	+13.33%

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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