BITCOIN BEP2 - BTCB/USD - 1H - Technical analysis published on 08/04/2023 (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:
Bearish
Technical indicators
28%
33%
39%
My opinion
Bearish under 29,402.90 USD
My targets
28,953.40 USD (-0.73%)
28,734.90 USD (-1.48%)
My analysis
There is a bearish trend on BITCOIN BEP2 - BTCB/USD both at the basic level and in the short term. A sale could be considered, so long as the price remains below 29,402.90 USD. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 28,953.40 USD. Then the price could move towards 28,734.90 USD. Then 28,572.00 USD by extension. Be careful, a return to above the resistance 29,402.90 USD would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
3
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 rating is 29,165.80 USD. On the day, this instrument lost -0.03% with the lowest point at 29,086.01 USD and the highest point at 29,302.71 USD. The deviation from the price is +0.27% for the low point and -0.47% for the high point.29,086.01
29,302.71
29,165.80
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BITCOIN BEP2 - BTCB/USD:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of BITCOIN BEP2 - BTCB/USD in 1H shows an overall bearish trend. The signals given by moving averages are at 67.86% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 7 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 28,572.00 | 28,734.90 | 28,953.40 | 29,165.80 | 29,188.00 | 29,402.90 | 29,539.10 |
| Change (%) | -2.04% | -1.48% | -0.73% | - | +0.08% | +0.81% | +1.28% |
| Change | -593.80 | -430.90 | -212.40 | - | +22.20 | +237.10 | +373.30 |
| Level | Minor | Minor | Minor | - | Major | Intermediate | Intermediate |
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 | 28,505.57 | 28,729.49 | 28,952.15 | 29,176.07 | 29,398.73 | 29,622.65 | 29,845.31 |
| Camarilla | 29,052.00 | 29,092.94 | 29,133.87 | 29,174.81 | 29,215.75 | 29,256.68 | 29,297.62 |
| Woodie | 28,504.94 | 28,729.18 | 28,951.52 | 29,175.76 | 29,398.10 | 29,622.34 | 29,844.68 |
| Fibonacci | 28,729.49 | 28,900.08 | 29,005.48 | 29,176.07 | 29,346.66 | 29,452.06 | 29,622.65 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27,241.23 | 28,061.67 | 28,709.13 | 29,529.57 | 30,177.03 | 30,997.47 | 31,644.93 |
| Camarilla | 28,952.93 | 29,087.49 | 29,222.04 | 29,356.60 | 29,491.16 | 29,625.72 | 29,760.27 |
| Woodie | 27,154.75 | 28,018.43 | 28,622.65 | 29,486.33 | 30,090.55 | 30,954.23 | 31,558.45 |
| Fibonacci | 28,061.67 | 28,622.40 | 28,968.83 | 29,529.57 | 30,090.30 | 30,436.73 | 30,997.47 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25,449.34 | 27,165.72 | 28,200.14 | 29,916.52 | 30,950.94 | 32,667.32 | 33,701.74 |
| Camarilla | 28,478.09 | 28,730.25 | 28,982.40 | 29,234.56 | 29,486.72 | 29,738.87 | 29,991.03 |
| Woodie | 25,108.36 | 26,995.23 | 27,859.16 | 29,746.03 | 30,609.96 | 32,496.83 | 33,360.76 |
| Fibonacci | 27,165.72 | 28,216.53 | 28,865.71 | 29,916.52 | 30,967.33 | 31,616.51 | 32,667.32 |
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): | 52.62 | |
| MACD (12,26,9): | 7.6500 | |
| Directional Movement: | 8.48 | |
| AROON (14): | 7.14 | |
| DEMA (21): | 29,209.64 | |
| Parabolic SAR (0,02-0,02-0,2): | 29,371.90 | |
| Elder Ray (13): | 23.47 | |
| Super Trend (3,10): | 29,022.02 | |
| Zig ZAG (10): | 29,214.31 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 65.91 | |
| TEMA (21): | 29,220.52 | |
| Williams %R (14): | -50.19 | |
| Chande Momentum Oscillator (20): | -13.74 | |
| Repulse (5,40,3): | -0.1400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.21 |
| MA7: | 29,299.29 | |
| MA20: | 29,559.61 | |
| MA50: | 29,738.40 | |
| MA100: | 28,514.28 | |
| MAexp7: | 29,214.62 | |
| MAexp20: | 29,204.12 | |
| MAexp50: | 29,209.91 | |
| MAexp100: | 29,227.33 | |
| Price / MA7: | -0.46% | |
| Price / MA20: | -1.33% | |
| Price / MA50: | -1.93% | |
| Price / MA100: | +2.28% | |
| Price / MAexp7: | -0.17% | |
| Price / MAexp20: | -0.13% | |
| Price / MAexp50: | -0.15% | |
| Price / MAexp100: | -0.21% |
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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