BTSE TOKEN - BTSE/USD - 1H - Technical analysis published on 03/17/2023 (GMT)
- 141
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
BTSE TOKEN - BTSE/USD Chart
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bullish
Technical indicators
33%
17%
50%
My opinion
Neutral between 2.27 USD and 2.37 USD
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bullish trend on BTSE TOKEN - BTSE/USD. It is difficult to advise a trading direction under these conditions. The first resistance is located at 2.37 USD. The first support is located at 2.27 USD. We can 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.
In the very short term, the neutral opinion of this analysis is confirmed by technical indicators which are also neutral.
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 2.34 USD. The price is lower by -0.43% since the last closing and was between 2.31 USD and 2.40 USD. This implies that the price is at +1.30% from its lowest and at -2.50% from its highest.2.31
2.40
2.34
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of BTSE TOKEN - BTSE/USD in 1H shows an overall slightly bullish 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 bearish signals on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 2.23 | 2.27 | 2.34 | 2.34 | 2.37 | 2.43 | 2.48 |
| Change (%) | -4.70% | -2.99% | 0% | - | +1.28% | +3.85% | +5.98% |
| Change | -0.11 | -0.07 | 0 | - | +0.03 | +0.09 | +0.14 |
| Level | Minor | Intermediate | Major | - | Minor | Minor | Intermediate |
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 | 2.05 | 2.12 | 2.23 | 2.30 | 2.41 | 2.48 | 2.59 |
| Camarilla | 2.30 | 2.32 | 2.33 | 2.35 | 2.37 | 2.38 | 2.40 |
| Woodie | 2.08 | 2.13 | 2.26 | 2.31 | 2.44 | 2.49 | 2.62 |
| Fibonacci | 2.12 | 2.19 | 2.23 | 2.30 | 2.37 | 2.41 | 2.48 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 52.69 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | -6.80 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 2.37 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.30 | |
| Elder Ray (13): | -0.01 | |
| Super Trend (3,10): | 2.29 | |
| Zig ZAG (10): | 2.35 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 58.58 | |
| TEMA (21): | 2.38 | |
| Williams %R (14): | -60.00 | |
| Chande Momentum Oscillator (20): | 0.02 | |
| Repulse (5,40,3): | -1.1600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 3.65 |
| MA7: | 2.33 | |
| MA20: | 2.44 | |
| MA50: | 2.60 | |
| MA100: | 2.44 | |
| MAexp7: | 2.36 | |
| MAexp20: | 2.35 | |
| MAexp50: | 2.34 | |
| MAexp100: | 2.34 | |
| Price / MA7: | +0.43% | |
| Price / MA20: | -4.10% | |
| Price / MA50: | -10.00% | |
| Price / MA100: | -4.10% | |
| Price / MAexp7: | -0.85% | |
| Price / MAexp20: | -0.43% | |
| Price / MAexp50: | -0% | |
| Price / MAexp100: | -0% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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