BTSE TOKEN - BTSE/USD

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Type:	Cryptocurrencies
Ticker:	BTSEUSD
ISIN:

BTSE TOKEN - BTSE/USD - Daily - Technical analysis published on 03/12/2023 (GMT)

Londinia

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Timeframe : Daily
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BTSE TOKEN - BTSE/USD Chart

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

83%

My opinion

Bearish under 2.34 USD

My targets

2.05 USD (-7.24%)

1.74 USD (-21.13%)

My analysis

BTSE TOKEN - BTSE/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 2.34 USD. The next support located at 2.05 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.74 USD. Below this support, sellers could then target 1.23 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

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

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 Londinia.

Additional analysis

Quotes

The BTSE TOKEN - BTSE/USD price is 2.21 USD. On the day, this instrument lost -0.90% and was between 2.15 USD and 2.25 USD. This implies that the price is at +2.79% from its lowest and at -1.78% from its highest.

2.15

2.25

2.21

Here is a more detailed summary of the historical variations registered by BTSE TOKEN - BTSE/USD:

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this Daily chart of BTSE TOKEN - BTSE/USD indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a strong bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

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:

Support of triangle is broken

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.60	1.23	2.05	2.21	2.34	3.00	3.69
Change (%)	-72.85%	-44.34%	-7.24%	-	+5.88%	+35.75%	+66.97%
Change	-1.61	-0.98	-0.16	-	+0.13	+0.79	+1.48
Level	Minor	Minor	Major	-	Major	Minor	Major

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	2.04	2.08	2.16	2.20	2.28	2.32	2.40
Camarilla	2.20	2.21	2.22	2.23	2.24	2.25	2.26
Woodie	2.05	2.09	2.17	2.21	2.29	2.33	2.41
Fibonacci	2.08	2.13	2.16	2.20	2.25	2.28	2.32

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.22	1.61	1.92	2.31	2.62	3.01	3.32
Camarilla	2.04	2.10	2.17	2.23	2.29	2.36	2.42
Woodie	1.18	1.59	1.88	2.29	2.58	2.99	3.28
Fibonacci	1.61	1.88	2.04	2.31	2.58	2.74	3.01

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.27	1.74	2.09	2.56	2.91	3.38	3.73
Camarilla	2.21	2.28	2.36	2.43	2.51	2.58	2.66
Woodie	1.20	1.71	2.02	2.53	2.84	3.35	3.66
Fibonacci	1.74	2.06	2.25	2.56	2.88	3.07	3.38

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):	37.32
MACD (12,26,9):	-0.0800
Directional Movement:	-16.19
AROON (14):	-50.00
DEMA (21):	2.36
Parabolic SAR (0,02-0,02-0,2):	2.66
Elder Ray (13):	-0.20
Super Trend (3,10):	2.76
Zig ZAG (10):	2.21
VORTEX (21):	0.9100
Stochastique (14,3,5):	28.67
TEMA (21):	2.29
Williams %R (14):	-69.86
Chande Momentum Oscillator (20):	-0.22
Repulse (5,40,3):	-3.5600
ROCnROLL:	2
TRIX (15,9):	-0.2400
Courbe Coppock:	5.24

MA7:	2.37
MA20:	2.45
MA50:	2.58
MA100:	2.47
MAexp7:	2.33
MAexp20:	2.44
MAexp50:	2.51
MAexp100:	2.66
Price / MA7:	-6.75%
Price / MA20:	-9.80%
Price / MA50:	-14.34%
Price / MA100:	-10.53%
Price / MAexp7:	-5.15%
Price / MAexp20:	-9.43%
Price / MAexp50:	-11.95%
Price / MAexp100:	-16.92%

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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Londinia AI

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