BTCUP - BTCUP/USDT

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Type:	Cryptocurrencies
Ticker:	BTCUPUSDT
ISIN:

BTCUP - BTCUP/USDT - 15 min. - Technical analysis published on 07/22/2023 (GMT)

Timeframe : 15 min.
- Analysis generated on
Status : NEUTRAL

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BTCUP - BTCUP/USDT Chart

Summary of the analysis

Trends

Short term: Neutral

Underlying: Slightly bearish

Technical indicators

56%

39%

My opinion

Neutral between 6.22 USDT and 6.28 USDT

My targets

My analysis

The neutral short-term trend shows a weakening of the basic, slightly bearish trend on BTCUP - BTCUP/USDT. It is difficult to advise a trading direction under these conditions. The first support is located at 6.22 USDT. The first resistance is located at 6.28 USDT. You could stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.

Technical indicators are bearish in the very shrot term and could soon allow change to a bearish sentiment.

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 MushroomBadger.

Additional analysis

Quotes

The BTCUP - BTCUP/USDT price is 6.27 USDT. On the day, this instrument lost -0.16% and was traded between 6.26 USDT and 6.32 USDT over the period. The price is currently at +0.16% from its lowest and -0.79% from its highest.

6.26

6.32

6.27

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by BTCUP - BTCUP/USDT:

The Central Records scanner for higher/lower results shows an item:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of BTCUP - BTCUP/USDT in 15 min. shows an overall slightly bearish trend. 50.00% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the overall trend could quickly return to neutral as well. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : 15 minutes

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 15 minutes

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 15 minutes

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 15 minutes

Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : 15 minutes

In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 15 minutes

Other results related to technical indicators were also found by the Central Indicators scanner:

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 15 minutes

Aroon indicator bearish trend

Type : Bearish

Timeframe : 15 minutes

SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : 15 minutes

MACD indicator is back under 0

Type : Bearish

Timeframe : 15 minutes

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

Near support of channel

Type : Bullish

Timeframe : 15 minutes

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

White hanging man / hammer

Type : Neutral

Timeframe : 15 minutes

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	4.67	5.73	6.22	6.27	6.34	6.81	7.01
Change (%)	-25.52%	-8.61%	-0.80%	-	+1.12%	+8.61%	+11.80%
Change	-1.60	-0.54	-0.05	-	+0.07	+0.54	+0.74
Level	Major	Major	Intermediate	-	Intermediate	Major	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.09	6.15	6.22	6.28	6.35	6.41	6.48
Camarilla	6.24	6.26	6.27	6.28	6.29	6.30	6.32
Woodie	6.09	6.15	6.22	6.28	6.35	6.41	6.48
Fibonacci	6.15	6.20	6.23	6.28	6.33	6.36	6.41

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.34	5.83	6.14	6.63	6.94	7.43	7.74
Camarilla	6.24	6.31	6.39	6.46	6.53	6.61	6.68
Woodie	5.26	5.79	6.06	6.59	6.86	7.39	7.66
Fibonacci	5.83	6.13	6.32	6.63	6.93	7.12	7.43

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.63	3.58	5.09	6.04	7.55	8.50	10.01
Camarilla	5.91	6.14	6.37	6.59	6.82	7.04	7.27
Woodie	2.90	3.72	5.36	6.18	7.82	8.64	10.28
Fibonacci	3.58	4.52	5.10	6.04	6.98	7.56	8.50

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):	41.90
MACD (12,26,9):	0.0000
Directional Movement:	-6.24
AROON (14):	-78.57
DEMA (21):	6.28
Parabolic SAR (0,02-0,02-0,2):	6.30
Elder Ray (13):	-0.01
Super Trend (3,10):	6.30
Zig ZAG (10):	6.26
VORTEX (21):	0.9100
Stochastique (14,3,5):	23.91
TEMA (21):	6.28
Williams %R (14):	-91.89
Chande Momentum Oscillator (20):	-0.02
Repulse (5,40,3):	-0.3700
ROCnROLL:	2
TRIX (15,9):	0.0000
Courbe Coppock:	0.18

MA7:	6.32
MA20:	6.48
MA50:	6.01
MA100:	5.89
MAexp7:	6.28
MAexp20:	6.28
MAexp50:	6.28
MAexp100:	6.28
Price / MA7:	-0.79%
Price / MA20:	-3.24%
Price / MA50:	+4.33%
Price / MA100:	+6.45%
Price / MAexp7:	-0.16%
Price / MAexp20:	-0.16%
Price / MAexp50:	-0.16%
Price / MAexp100:	-0.16%

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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