BISWAP - BSW/USDT
BISWAP - BSW/USDT
- USDT (-)
- Real time data - CoinMarketCap
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Type: Cryptocurrencies
Ticker: BSWUSDT
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BISWAP - BSW/USDT - Daily - Technical analysis published on 01/19/2024 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Short term: Bullish
Underlying: Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 0.097742 USDT
My targets
0.124505 USDT (+14.34%)
0.159989 USDT (+46.92%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BISWAP - BSW/USDT as long as the price remains well above 0.097742 USDT. The buyers' bullish objective is set at 0.124505 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.159989 USDT. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.3

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 MOHAMMED ALAMERI. Take part yourself by sharing additional analysis on another time unit:
1H Weekly

Additional analysis

Quotes

BISWAP - BSW/USDT rating 0.108892 USDT. The price has increased by +18.49% since the last closing and was traded between 0.088806 USDT and 0.114665 USDT over the period. The price is currently at +22.62% from its lowest and -5.03% from its highest.

0.088806
0.114665
0.108892

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of BISWAP - BSW/USDT in Daily shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily


Bullish price crossover with Moving Average 50

Type : Bullish

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


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily



In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily


RSI indicator is back over 50

Type : Bullish

Timeframe : Daily


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily


Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily


Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily


Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily



The analysis of the price chart with Central Patterns scanners does not return any result.

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 0.069167 0.089670 0.097742 0.108892 0.159989
Change (%) -36.48% -17.65% -10.24% - +46.92%
Change -0.039725 -0.019222 -0.011150 - +0.051097
Level Minor Major Minor - Intermediate



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
Standard0.0856150.0874690.0896860.0915400.0937570.0956110.097828
Camarilla0.0907830.0911560.0915290.0919020.0922750.0926480.093022
Woodie0.0857960.0875600.0898670.0916310.0939380.0957020.098009
Fibonacci0.0874690.0890250.0899850.0915400.0930960.0940560.095611


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0750260.0809710.0891840.0951290.1033420.1092870.117500
Camarilla0.0935050.0948020.0961000.0973980.0986960.0999940.101292
Woodie0.0761610.0815380.0903190.0956960.1044770.1098540.118635
Fibonacci0.0809710.0863790.0897200.0951290.1005370.1038780.109287


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.0240040.0292670.0712340.1245050.1664720.2197430.261710
Camarilla0.0870110.0957410.1044710.1132010.1219310.1306610.139392
Woodie-0.0296560.0264410.0655820.1216790.1608200.2169170.256058
Fibonacci0.0292670.0656480.0881240.1245050.1608860.1833620.219743

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): 56.53
MACD (12,26,9): -0.0013
Directional Movement: 14.451704
AROON (14): 78.571429
DEMA (21): 0.097706
Parabolic SAR (0,02-0,02-0,2): 0.086915
Elder Ray (13): 0.001627
Super Trend (3,10): 0.114851
Zig ZAG (10): 0.111949
VORTEX (21): 0.8747
Stochastique (14,3,5): 49.76
TEMA (21): 0.095250
Williams %R (14): -5.87
Chande Momentum Oscillator (20): 0.020305
Repulse (5,40,3): 25.6396
ROCnROLL: 1
TRIX (15,9): -0.1975
Courbe Coppock: 12.90
MA7: 0.096814
MA20: 0.099269
MA50: 0.098849
MA100: 0.086086
MAexp7: 0.098960
MAexp20: 0.098733
MAexp50: 0.096694
MAexp100: 0.090864
Price / MA7: +12.48%
Price / MA20: +9.69%
Price / MA50: +10.16%
Price / MA100: +26.49%
Price / MAexp7: +10.04%
Price / MAexp20: +10.29%
Price / MAexp50: +12.62%
Price / MAexp100: +19.84%

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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