BTCUP - BTCUP/USDT
BTCUP - BTCUP/USDT
Open: -
Change: -
Volume: -
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High / Low range: -
Type: Cryptocurrencies
Ticker: BTCUPUSDT
ISIN:

BTCUP - BTCUP/USDT - 15 min. - Technical analysis published on 09/21/2023 (GMT)

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  • Timeframe : 15 min.
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Summary of the analysis

Trends
Short term: Bearish
Underlying: Bearish
Technical indicators
11%
61%
28%
My opinion
Bearish under 5.02 USDT
My targets
4.93 USDT (-0.87%)
4.82 USDT (-2.96%)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on BTCUP - BTCUP/USDT as long as the price remains well below 5.02 USDT. The next bearish objective for sellers is set at 4.93 USDT. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 4.82 USDT. If there is any crossing, the next objective would be the support located at 4.73 USDT. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
6.4

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 Nik777.

Additional analysis

Quotes

The BTCUP - BTCUP/USDT price is 4.97 USDT. On the day, this instrument lost -1.19% and was traded between 4.95 USDT and 5.03 USDT over the period. The price is currently at +0.40% from its lowest and -1.19% from its highest.

4.95
5.03
4.97

A study of price movements over other periods shows the following variations:

Technical


Technical analysis of this 15 min. chart of BTCUP - BTCUP/USDT indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 15 minutes



The probability of a further decline is moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 15 minutes


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 15 minutes

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 4.73 4.82 4.92 4.97 5.04 5.11 5.78
Change (%) -4.83% -3.02% -1.01% - +1.41% +2.82% +16.30%
Change -0.24 -0.15 -0.05 - +0.07 +0.14 +0.81
Level Minor Minor Major - Minor Major Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.734.824.935.025.135.225.33
Camarilla4.984.995.015.035.055.075.09
Woodie4.734.834.935.035.135.235.33
Fibonacci4.824.904.955.025.105.155.22


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3.683.954.384.655.085.355.78
Camarilla4.624.684.754.814.874.945.00
Woodie3.763.994.464.695.165.395.86
Fibonacci3.954.224.384.654.925.085.35


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.943.183.895.135.847.087.79
Camarilla4.074.254.434.614.794.975.15
Woodie1.693.053.645.005.596.957.54
Fibonacci3.183.924.385.135.876.337.08

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): 38.35
MACD (12,26,9): -0.0100
Directional Movement: -9.05
AROON (14): -78.57
DEMA (21): 4.97
Parabolic SAR (0,02-0,02-0,2): 4.95
Elder Ray (13): -0.02
Super Trend (3,10): 4.99
Zig ZAG (10): 4.96
VORTEX (21): 0.8700
Stochastique (14,3,5): 17.36
TEMA (21): 4.97
Williams %R (14): -83.93
Chande Momentum Oscillator (20): -0.05
Repulse (5,40,3): -0.1600
ROCnROLL: 2
TRIX (15,9): -0.0100
Courbe Coppock: 0.97
MA7: 4.91
MA20: 4.69
MA50: 5.07
MA100: 5.65
MAexp7: 4.97
MAexp20: 4.98
MAexp50: 4.99
MAexp100: 5.00
Price / MA7: +1.22%
Price / MA20: +5.97%
Price / MA50: -1.97%
Price / MA100: -12.04%
Price / MAexp7: -0%
Price / MAexp20: -0.20%
Price / MAexp50: -0.40%
Price / MAexp100: -0.60%

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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