BITCOIN CASH - BCH/USDT - 1H - Technical analysis published on 03/13/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
67%
17%
17%
My opinion
Bullish above 567.71 USDT
My targets
618.36 USDT (+3.33%)
633.28 USDT (+5.83%)
My analysis
BITCOIN CASH - BCH/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 567.71 USDT. The next resistance located at 618.36 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 633.28 USDT. After this resistance, buyers could then target 721.12 USDT. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.7
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This analysis was given by boppip. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BITCOIN CASH - BCH/USDT rating 598.42 USDT. The price registered an increase of +11.11% on the session and was between 522.14 USDT and 608.52 USDT. This implies that the price is at +14.61% from its lowest and at -1.66% from its highest.522.14
608.52
598.42
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.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this BITCOIN CASH - BCH/USDT chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 12 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
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
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 546.82 | 554.66 | 567.71 | 598.42 | 633.28 | 721.12 | 869.58 |
| Change (%) | -8.62% | -7.31% | -5.13% | - | +5.83% | +20.50% | +45.31% |
| Change | -51.60 | -43.76 | -30.71 | - | +34.86 | +122.70 | +271.16 |
| Level | Minor | Minor | Intermediate | - | Major | Intermediate | 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 | 470.88 | 493.96 | 516.27 | 539.35 | 561.66 | 584.74 | 607.05 |
| Camarilla | 526.10 | 530.26 | 534.42 | 538.58 | 542.74 | 546.90 | 551.06 |
| Woodie | 470.50 | 493.77 | 515.89 | 539.16 | 561.28 | 584.55 | 606.67 |
| Fibonacci | 493.96 | 511.30 | 522.01 | 539.35 | 556.69 | 567.40 | 584.74 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 314.86 | 373.88 | 437.10 | 496.12 | 559.34 | 618.36 | 681.58 |
| Camarilla | 466.69 | 477.90 | 489.11 | 500.31 | 511.52 | 522.72 | 533.93 |
| Woodie | 316.95 | 374.93 | 439.19 | 497.17 | 561.43 | 619.41 | 683.67 |
| Fibonacci | 373.88 | 420.58 | 449.43 | 496.12 | 542.82 | 571.67 | 618.36 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -66.47 | 161.60 | 310.88 | 538.95 | 688.23 | 916.30 | 1,065.58 |
| Camarilla | 356.40 | 390.99 | 425.58 | 460.17 | 494.76 | 529.35 | 563.94 |
| Woodie | -105.86 | 141.90 | 271.50 | 519.25 | 648.85 | 896.60 | 1,026.20 |
| Fibonacci | 161.60 | 305.74 | 394.80 | 538.95 | 683.09 | 772.15 | 916.30 |
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): | 71.91 | |
| MACD (12,26,9): | 15.2500 | |
| Directional Movement: | 21.63 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 598.28 | |
| Parabolic SAR (0,02-0,02-0,2): | 608.17 | |
| Elder Ray (13): | 11.35 | |
| Super Trend (3,10): | 576.46 | |
| Zig ZAG (10): | 597.09 | |
| VORTEX (21): | 1.3800 | |
| Stochastique (14,3,5): | 80.79 | |
| TEMA (21): | 607.20 | |
| Williams %R (14): | -17.51 | |
| Chande Momentum Oscillator (20): | 31.89 | |
| Repulse (5,40,3): | -0.4900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3600 | |
| Courbe Coppock: | 17.85 |
| MA7: | 546.08 | |
| MA20: | 522.93 | |
| MA50: | 523.82 | |
| MA100: | 449.50 | |
| MAexp7: | 594.40 | |
| MAexp20: | 579.42 | |
| MAexp50: | 561.48 | |
| MAexp100: | 550.18 | |
| Price / MA7: | +9.58% | |
| Price / MA20: | +14.44% | |
| Price / MA50: | +14.24% | |
| Price / MA100: | +33.13% | |
| Price / MAexp7: | +0.68% | |
| Price / MAexp20: | +3.28% | |
| Price / MAexp50: | +6.58% | |
| Price / MAexp100: | +8.77% |
Quotes :
2021-03-13 23:25:34
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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.
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