BITCOIN DIAMOND - BCD/USD - 1H - Technical analysis published on 11/02/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
44%
39%
17%
My opinion
Bearish under 0.165324 USD
My targets
0.162763 USD (-0.67%)
0.160574 USD (-2.01%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.165324 USD remains possible. It is advisable to trade BITCOIN DIAMOND - BCD/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.165324 USD. The next bearish objective for sellers is set at 0.162763 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.160574 USD. In case of crossing, the next objective would be the support located at 0.154008 USD. PS: if there is a bullish break in the resistance located at 0.165324 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
2
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Additional analysis
Quotes
The BITCOIN DIAMOND - BCD/USD price is 0.163862 USD. The price registered a decrease of -0.02% on the session and was between 0.143151 USD and 0.164443 USD. This implies that the price is at +14.47% from its lowest and at -0.35% from its highest.0.143151
0.164443
0.163862
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
Here is a more detailed summary of the historical variations registered by BITCOIN DIAMOND - BCD/USD:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of BITCOIN DIAMOND - BCD/USD in 1H shows an overall bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
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 channel is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.154008 | 0.160574 | 0.162763 | 0.163862 | 0.165324 | 0.168017 | 0.174001 |
| Change (%) | -6.01% | -2.01% | -0.67% | - | +0.89% | +2.54% | +6.19% |
| Change | -0.009854 | -0.003288 | -0.001099 | - | +0.001462 | +0.004155 | +0.010139 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Major | Minor |
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 | 0.160059 | 0.161399 | 0.162649 | 0.163989 | 0.165239 | 0.166579 | 0.167829 |
| Camarilla | 0.163187 | 0.163424 | 0.163662 | 0.163899 | 0.164136 | 0.164374 | 0.164611 |
| Woodie | 0.160014 | 0.161377 | 0.162604 | 0.163967 | 0.165194 | 0.166557 | 0.167784 |
| Fibonacci | 0.161399 | 0.162388 | 0.163000 | 0.163989 | 0.164978 | 0.165590 | 0.166579 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.131219 | 0.142186 | 0.154375 | 0.165342 | 0.177531 | 0.188498 | 0.200687 |
| Camarilla | 0.160197 | 0.162320 | 0.164442 | 0.166565 | 0.168688 | 0.170810 | 0.172933 |
| Woodie | 0.131831 | 0.142492 | 0.154987 | 0.165648 | 0.178143 | 0.188804 | 0.201299 |
| Fibonacci | 0.142186 | 0.151031 | 0.156496 | 0.165342 | 0.174187 | 0.179652 | 0.188498 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.096405 | 0.121253 | 0.142647 | 0.167495 | 0.188889 | 0.213737 | 0.235131 |
| Camarilla | 0.151324 | 0.155562 | 0.159801 | 0.164040 | 0.168279 | 0.172518 | 0.176757 |
| Woodie | 0.094677 | 0.120390 | 0.140919 | 0.166632 | 0.187161 | 0.212874 | 0.233403 |
| Fibonacci | 0.121253 | 0.138918 | 0.149831 | 0.167495 | 0.185160 | 0.196073 | 0.213737 |
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): | 40.57 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -71.177745 | |
| AROON (14): | -42.857143 | |
| DEMA (21): | 0.163343 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.143962 | |
| Elder Ray (13): | -0.000315 | |
| Super Trend (3,10): | 0.158226 | |
| Zig ZAG (10): | 0.163124 | |
| VORTEX (21): | 0.9796 | |
| Stochastique (14,3,5): | 94.67 | |
| TEMA (21): | 0.163263 | |
| Williams %R (14): | -6.24 | |
| Chande Momentum Oscillator (20): | -0.001048 | |
| Repulse (5,40,3): | 0.9584 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0118 | |
| Courbe Coppock: | 0.83 |
| MA7: | 0.164257 | |
| MA20: | 0.159548 | |
| MA50: | 0.160940 | |
| MA100: | 0.168889 | |
| MAexp7: | 0.163366 | |
| MAexp20: | 0.163577 | |
| MAexp50: | 0.163890 | |
| MAexp100: | 0.164067 | |
| Price / MA7: | -0.24% | |
| Price / MA20: | +2.70% | |
| Price / MA50: | +1.82% | |
| Price / MA100: | -2.98% | |
| Price / MAexp7: | +0.30% | |
| Price / MAexp20: | +0.17% | |
| Price / MAexp50: | -0.02% | |
| Price / MAexp100: | -0.12% |
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.
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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