BIT DIGITAL INC. ORD. - Daily - Technical analysis published on 07/28/2021 (GMT)
- 234
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bearish
Technical indicators
67%
0%
33%
My opinion
Neutral between 7.75 USD and 9.17 USD
My targets
-
My analysis
The strong short-term increase on BIT DIGITAL INC. ORD. is in contrast to the bearish trend. Buyers are trying to regain control of the asset and a reversal of the trend could be possible. It would be interesting to understand what caused such a rebound. Has an economic announcement impacting the basics been published? As long as the price remains above 7.75 USD, you could take advantage of the short-term boom. The first bullish objective would be 9.17 USD. Then the price could move towards 11.50 USD. Then 12.18 USD by extension. Attention should be paid to the reaction of the price on these resistances to see if the sellers show up. Be careful, a return below 7.75 USD could be a sign of a reversal of the bearish trend.
In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.
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 aba0550. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BIT DIGITAL INC. ORD. rating 7.87 USD. The price registered an increase of +33.62% on the session with the lowest point at 6.95 USD and the highest point at 7.90 USD. The deviation from the price is +13.24% for the low point and -0.38% for the high point.6.95
7.90
7.87
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in Daily of this BIT DIGITAL INC. ORD. chart shows a bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this trend could quickly be called into question. A phase of indecision or a reversal of the trend could occur. An assessment of moving averages reveals several bearish and bullish signals:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 3.61 | 6.51 | 7.87 | 12.18 | 16.16 | 29.27 |
| Change (%) | -54.13% | -17.28% | - | +54.76% | +105.34% | +271.92% |
| Change | -4.26 | -1.36 | - | +4.31 | +8.29 | +21.40 |
| Level | Intermediate | Intermediate | - | Minor | Minor | Major |
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 | 3.23 | 4.50 | 5.20 | 6.47 | 7.17 | 8.44 | 9.14 |
| Camarilla | 5.35 | 5.53 | 5.71 | 5.89 | 6.07 | 6.25 | 6.43 |
| Woodie | 2.94 | 4.36 | 4.91 | 6.33 | 6.88 | 8.30 | 8.85 |
| Fibonacci | 4.50 | 5.26 | 5.72 | 6.47 | 7.23 | 7.69 | 8.44 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.90 | 3.44 | 3.83 | 4.37 | 4.76 | 5.30 | 5.69 |
| Camarilla | 3.97 | 4.06 | 4.15 | 4.23 | 4.32 | 4.40 | 4.49 |
| Woodie | 2.84 | 3.40 | 3.77 | 4.33 | 4.70 | 5.26 | 5.63 |
| Fibonacci | 3.44 | 3.79 | 4.01 | 4.37 | 4.72 | 4.94 | 5.30 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.67 | 4.00 | 5.42 | 7.75 | 9.17 | 11.50 | 12.92 |
| Camarilla | 5.81 | 6.15 | 6.50 | 6.84 | 7.18 | 7.53 | 7.87 |
| Woodie | 1.22 | 3.77 | 4.97 | 7.52 | 8.72 | 11.27 | 12.47 |
| Fibonacci | 4.00 | 5.43 | 6.32 | 7.75 | 9.18 | 10.07 | 11.50 |
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): | 55.04 | |
| MACD (12,26,9): | -0.3000 | |
| Directional Movement: | 20.95 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 5.32 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.43 | |
| Elder Ray (13): | 1.61 | |
| Super Trend (3,10): | 4.27 | |
| Zig ZAG (10): | 7.08 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 61.03 | |
| TEMA (21): | 5.82 | |
| Williams %R (14): | -42.36 | |
| Chande Momentum Oscillator (20): | 1.75 | |
| Repulse (5,40,3): | -15.7700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -1.5000 | |
| Courbe Coppock: | 2.71 |
| MA7: | 5.71 | |
| MA20: | 5.55 | |
| MA50: | 7.12 | |
| MA100: | 10.58 | |
| MAexp7: | 6.17 | |
| MAexp20: | 5.91 | |
| MAexp50: | 7.36 | |
| MAexp100: | 9.21 | |
| Price / MA7: | +37.83% | |
| Price / MA20: | +41.80% | |
| Price / MA50: | +10.53% | |
| Price / MA100: | -25.61% | |
| Price / MAexp7: | +27.39% | |
| Price / MAexp20: | +32.99% | |
| Price / MAexp50: | +6.79% | |
| Price / MAexp100: | -14.66% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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