BITCOIN CASH - BCH/USDT
BITCOIN CASH - BCH/USDT
- USDT (-)
- Real time data - Cryptocompare
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Type: Cryptocurrencies
Ticker: BCHUSDT
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BITCOIN CASH - BCH/USDT - 1H - Technical analysis published on 03/13/2021 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Bearish
Technical indicators
39%
33%
28%
My opinion
Bearish under 531.93 USDT
My targets
500.82 USDT (-5.10%)
491.54 USDT (-6.85%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BITCOIN CASH - BCH/USDT as long as the price remains well below 531.93 USDT. The sellers” bearish objective is set at 500.82 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 491.54 USDT. In case of crossing, the next objective would be the support located at 473.42 USDT.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.1

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

Additional analysis

Quotes

BITCOIN CASH - BCH/USDT rating 527.71 USDT. On the day, this instrument lost -2.02% and was between 526.90 USDT and 538.69 USDT. This implies that the price is at +0.15% from its lowest and at -2.04% from its highest.

526.90
538.69
527.71

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:

Technical


Technical analysis of BITCOIN CASH - BCH/USDT in 1H shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour



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

Central Indicators

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour


Bearish harami cross

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 473.42 491.54 500.82 527.71 531.93 558.94 567.71
Change (%) -10.29% -6.85% -5.10% - +0.80% +5.92% +7.58%
Change -54.29 -36.17 -26.89 - +4.22 +31.23 +40.00
Level Minor Major 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
Standard469.16493.10515.84539.78562.52586.46609.20
Camarilla525.74530.02534.30538.58542.86547.14551.42
Woodie468.56492.80515.24539.48561.92586.16608.60
Fibonacci493.10510.93521.95539.78557.61568.63586.46


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): 43.33
MACD (12,26,9): -3.1000
Directional Movement: -11.03
AROON (14): -21.43
DEMA (21): 531.23
Parabolic SAR (0,02-0,02-0,2): 517.92
Elder Ray (13): 0.15
Super Trend (3,10): 546.63
Zig ZAG (10): 530.29
VORTEX (21): 0.8900
Stochastique (14,3,5): 74.57
TEMA (21): 530.28
Williams %R (14): -37.38
Chande Momentum Oscillator (20): 10.30
Repulse (5,40,3): -0.8000
ROCnROLL: 2
TRIX (15,9): -0.1100
Courbe Coppock: 2.48
MA7: 536.50
MA20: 519.44
MA50: 522.43
MA100: 448.81
MAexp7: 533.33
MAexp20: 535.60
MAexp50: 539.28
MAexp100: 537.01
Price / MA7: -1.64%
Price / MA20: +1.59%
Price / MA50: +1.01%
Price / MA100: +17.58%
Price / MAexp7: -1.05%
Price / MAexp20: -1.47%
Price / MAexp50: -2.15%
Price / MAexp100: -1.73%

Quotes : 2021-03-13 01:10:48 - Real time data - Cryptocompare

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

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