BITCOIN BEP2 - BTCB/USD - 1H - Technical analysis published on 08/07/2023 (GMT)
- 170
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
BITCOIN BEP2 - BTCB/USD Chart
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bearish
Technical indicators
17%
39%
44%
My opinion
Neutral between 28,734.90 USD and 29,402.90 USD
My targets
-
My analysis
A slightly bearish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first support is located at 28,734.90 USD. The first resistance is located at 29,402.90 USD. A very slight advantage is given by the slightly bearish basic trend so that the support is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This could be the case, for example, when the first support has been broken below or the first resistance has been broken above.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bearish and could soon allow change to a bearish sentiment.
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 29,051.18 USD. The price registered a decrease of -0.01% on the session and was traded between 28,988.98 USD and 29,191.12 USD over the period. The price is currently at +0.21% from its lowest and -0.48% from its highest.28,988.98
29,191.12
29,051.18
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:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of BITCOIN BEP2 - BTCB/USD in 1H shows an overall slightly bearish trend. 60.71% of the signals given by moving averages are bearish. As the signals currently given by short-term moving averages are rather neutral, the slightly bearish trend could return to neutral. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bearish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 29,051.18 | 29,188.00 | 29,402.90 | 29,598.90 |
| Change (%) | -1.65% | -1.09% | -0.34% | - | +0.47% | +1.21% | +1.89% |
| Change | -479.18 | -316.28 | -97.78 | - | +136.82 | +351.72 | +547.72 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28,753.83 | 28,859.62 | 28,956.81 | 29,062.60 | 29,159.79 | 29,265.58 | 29,362.77 |
| Camarilla | 28,998.19 | 29,016.80 | 29,035.40 | 29,054.01 | 29,072.62 | 29,091.22 | 29,109.83 |
| Woodie | 28,749.54 | 28,857.47 | 28,952.52 | 29,060.45 | 29,155.50 | 29,263.43 | 29,358.48 |
| Fibonacci | 28,859.62 | 28,937.16 | 28,985.06 | 29,062.60 | 29,140.14 | 29,188.04 | 29,265.58 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26,956.31 | 27,764.15 | 28,404.81 | 29,212.65 | 29,853.31 | 30,661.15 | 31,301.81 |
| Camarilla | 28,647.12 | 28,779.90 | 28,912.68 | 29,045.46 | 29,178.24 | 29,311.02 | 29,443.80 |
| Woodie | 26,872.71 | 27,722.36 | 28,321.21 | 29,170.86 | 29,769.71 | 30,619.36 | 31,218.21 |
| Fibonacci | 27,764.15 | 28,317.48 | 28,659.33 | 29,212.65 | 29,765.98 | 30,107.83 | 30,661.15 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25,449.37 | 27,165.73 | 28,200.17 | 29,916.53 | 30,950.97 | 32,667.33 | 33,701.77 |
| Camarilla | 28,478.13 | 28,730.29 | 28,982.44 | 29,234.60 | 29,486.76 | 29,738.91 | 29,991.07 |
| Woodie | 25,108.40 | 26,995.25 | 27,859.20 | 29,746.05 | 30,610.00 | 32,496.85 | 33,360.80 |
| Fibonacci | 27,165.73 | 28,216.54 | 28,865.73 | 29,916.53 | 30,967.34 | 31,616.53 | 32,667.33 |
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): | 48.43 | |
| MACD (12,26,9): | 1.9500 | |
| Directional Movement: | -3.07 | |
| AROON (14): | 14.29 | |
| DEMA (21): | 29,068.32 | |
| Parabolic SAR (0,02-0,02-0,2): | 29,191.12 | |
| Elder Ray (13): | -37.01 | |
| Super Trend (3,10): | 28,960.99 | |
| Zig ZAG (10): | 29,048.01 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 25.85 | |
| TEMA (21): | 29,069.15 | |
| Williams %R (14): | -69.82 | |
| Chande Momentum Oscillator (20): | -18.66 | |
| Repulse (5,40,3): | 0.0200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.09 |
| MA7: | 29,180.21 | |
| MA20: | 29,395.90 | |
| MA50: | 29,894.83 | |
| MA100: | 28,503.82 | |
| MAexp7: | 29,060.00 | |
| MAexp20: | 29,063.48 | |
| MAexp50: | 29,065.80 | |
| MAexp100: | 29,096.80 | |
| Price / MA7: | -0.44% | |
| Price / MA20: | -1.17% | |
| Price / MA50: | -2.82% | |
| Price / MA100: | +1.92% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.05% | |
| Price / MAexp100: | -0.16% |
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
Online
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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