BTSE TOKEN - BTSE/USD - 1H - Technical analysis published on 07/29/2022 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 4.75 USD
My targets
4.88 USD (+1.88%)
4.96 USD (+3.55%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on BTSE TOKEN - BTSE/USD. As long as you are above the support located at 4.75 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 4.88 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 4.96 USD as an objective. Crossing it would then enable buyers to target 5.02 USD. If the support 4.75 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
5.4
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This analysis was given by Londinia.
Additional analysis
Quotes
The BTSE TOKEN - BTSE/USD rating is 4.79 USD. The price is lower by -0.21% since the last closing with the lowest point at 4.75 USD and the highest point at 4.88 USD. The deviation from the price is +0.84% for the low point and -1.84% for the high point.4.75
4.88
4.79
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of BTSE TOKEN - BTSE/USD in 1H shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
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:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.59 | 4.70 | 4.75 | 4.79 | 4.88 | 4.96 | 5.02 |
| Change (%) | -4.18% | -1.88% | -0.84% | - | +1.88% | +3.55% | +4.80% |
| Change | -0.20 | -0.09 | -0.04 | - | +0.09 | +0.17 | +0.23 |
| Level | Intermediate | Minor | 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 | 4.23 | 4.37 | 4.59 | 4.73 | 4.95 | 5.09 | 5.31 |
| Camarilla | 4.70 | 4.73 | 4.77 | 4.80 | 4.83 | 4.87 | 4.90 |
| Woodie | 4.26 | 4.39 | 4.62 | 4.75 | 4.98 | 5.11 | 5.34 |
| Fibonacci | 4.37 | 4.51 | 4.60 | 4.73 | 4.87 | 4.96 | 5.09 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.53 | 3.88 | 4.36 | 4.71 | 5.19 | 5.54 | 6.02 |
| Camarilla | 4.60 | 4.68 | 4.75 | 4.83 | 4.91 | 4.98 | 5.06 |
| Woodie | 3.59 | 3.91 | 4.42 | 4.74 | 5.25 | 5.57 | 6.08 |
| Fibonacci | 3.88 | 4.20 | 4.40 | 4.71 | 5.03 | 5.23 | 5.54 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.47 | 2.73 | 3.56 | 4.82 | 5.65 | 6.91 | 7.74 |
| Camarilla | 3.83 | 4.02 | 4.21 | 4.40 | 4.59 | 4.78 | 4.98 |
| Woodie | 1.27 | 2.62 | 3.36 | 4.71 | 5.45 | 6.80 | 7.54 |
| Fibonacci | 2.73 | 3.53 | 4.02 | 4.82 | 5.62 | 6.11 | 6.91 |
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): | 54.64 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | -1.33 | |
| AROON (14): | 7.14 | |
| DEMA (21): | 4.82 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.85 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 4.64 | |
| Zig ZAG (10): | 4.83 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 64.71 | |
| TEMA (21): | 4.81 | |
| Williams %R (14): | -9.80 | |
| Chande Momentum Oscillator (20): | 0.06 | |
| Repulse (5,40,3): | 0.0600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.19 |
| MA7: | 4.72 | |
| MA20: | 4.49 | |
| MA50: | 4.55 | |
| MA100: | 5.60 | |
| MAexp7: | 4.81 | |
| MAexp20: | 4.81 | |
| MAexp50: | 4.78 | |
| MAexp100: | 4.74 | |
| Price / MA7: | +1.48% | |
| Price / MA20: | +6.68% | |
| Price / MA50: | +5.27% | |
| Price / MA100: | -14.46% | |
| Price / MAexp7: | -0.42% | |
| Price / MAexp20: | -0.42% | |
| Price / MAexp50: | +0.21% | |
| Price / MAexp100: | +1.05% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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