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BITCOIN CASH - BCH/USDT
BITCOIN CASH - BCH/USDT
- USDT (-)
- Real time data - CoinMarketCap
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: BCHUSDT
ISIN:

BITCOIN CASH - BCH/USDT - 1H - Technical analysis published on 03/10/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Neutral
De fond: Bullish
Technical indicators
39%
28%
33%
My opinion
Bullish above 501.14 USDT
My targets
546.82 USDT (+2.28%)
555.15 USDT (+3.84%)
My analysis
Has the basic bullish 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 bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 501.14 USDT remains possible. It is advisable to trade BITCOIN CASH - BCH/USDT with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 501.14 USDT. The next bullish objective for buyers is set at 546.82 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 555.15 USDT. If there is any crossing, the next objective would be the resistance located at 633.28 USDT. PS: if there is a bearish break in the support located at 501.14 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
3.9

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.

boppip
This analysis was given by boppip. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The BITCOIN CASH - BCH/USDT rating is 534.62 USDT. On the day, this instrument lost -1.95% and was traded between 518.49 USDT and 558.94 USDT over the period. The price is currently at +3.11% from its lowest and -4.35% from its highest.

518.49
558.94
534.62

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

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:

Technical


Technical analysis of this 1H chart of BITCOIN CASH - BCH/USDT indicates that the overall trend is bullish. The signals given by moving averages are 78.57% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 6 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour


RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 491.54 501.14 531.81 534.62 546.82 555.15 633.28
Change (%) -8.06% -6.26% -0.53% - +2.28% +3.84% +18.45%
Change -43.08 -33.48 -2.81 - +12.20 +20.53 +98.66
Level Major Intermediate Intermediate - Minor Intermediate 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
Standard507.63515.78530.52538.67553.41561.56576.30
Camarilla538.97541.06543.16545.26547.36549.46551.56
Woodie510.93517.43533.82540.32556.71563.21579.60
Fibonacci515.78524.52529.93538.67547.41552.82561.56


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard314.86373.88437.10496.12559.34618.36681.58
Camarilla466.69477.90489.11500.31511.52522.72533.93
Woodie316.95374.93439.19497.17561.43619.41683.67
Fibonacci373.88420.58449.43496.12542.82571.67618.36


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-66.47161.60310.88538.95688.23916.301,065.58
Camarilla356.40390.99425.58460.17494.76529.35563.94
Woodie-105.86141.90271.50519.25648.85896.601,026.20
Fibonacci161.60305.74394.80538.95683.09772.15916.30

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): 50.09
MACD (12,26,9): -0.3200
Directional Movement: 10.21
AROON (14): -14.29
DEMA (21): 533.94
Parabolic SAR (0,02-0,02-0,2): 547.67
Elder Ray (13): -0.48
Super Trend (3,10): 544.93
Zig ZAG (10): 533.97
VORTEX (21): 1.0100
Stochastique (14,3,5): 38.70
TEMA (21): 532.05
Williams %R (14): -56.12
Chande Momentum Oscillator (20): -14.21
Repulse (5,40,3): 1.1200
ROCnROLL: 1
TRIX (15,9): 0.0000
Courbe Coppock: 2.75
MA7: 518.59
MA20: 543.04
MA50: 516.91
MA100: 441.23
MAexp7: 533.79
MAexp20: 533.69
MAexp50: 530.32
MAexp100: 523.00
Price / MA7: +3.09%
Price / MA20: -1.55%
Price / MA50: +3.43%
Price / MA100: +21.17%
Price / MAexp7: +0.16%
Price / MAexp20: +0.17%
Price / MAexp50: +0.81%
Price / MAexp100: +2.22%

Quotes : 2021-03-10 12:13:24 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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