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

BITCOIN CASH - BCH/USDT - 1H - Technical analysis published on 03/24/2021 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 518.60 USDT
My targets
506.39 USDT (-1.44%)
491.54 USDT (-4.33%)
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 518.60 USDT. The sellers” bearish objective is set at 506.39 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 418.61 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.8

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 513.78 USDT. On the day, this instrument gained +0.55% and was traded between 505.21 USDT and 514.10 USDT over the period. The price is currently at +1.70% from its lowest and -0.06% from its highest.

505.21
514.10
513.78

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


A technical analysis in 1H of this BITCOIN CASH - BCH/USDT chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish 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.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour


CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


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


RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

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 : Weekly


Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

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 engulfing lines

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 418.61 491.54 506.39 513.78 518.60 529.19 538.85
Change (%) -18.52% -4.33% -1.44% - +0.94% +3.00% +4.88%
Change -95.17 -22.24 -7.39 - +4.82 +15.41 +25.07
Level Minor Major Intermediate - Intermediate 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
Standard474.48490.43500.70516.65526.92542.87553.14
Camarilla503.75506.15508.56510.96513.36515.77518.17
Woodie471.63489.01497.85515.23524.07541.45550.29
Fibonacci490.43500.45506.64516.65526.67532.86542.87


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard395.74450.04493.11547.41590.48644.78687.85
Camarilla509.40518.33527.25536.18545.11554.03562.96
Woodie390.13447.23487.50544.60584.87641.97682.24
Fibonacci450.04487.24510.22547.41584.61607.59644.78


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-26.60193.49326.83546.92680.26900.351,033.69
Camarilla362.98395.38427.77460.17492.57524.97557.36
Woodie-69.98171.80283.46525.23636.89878.66990.32
Fibonacci193.49328.50411.91546.92681.93765.34900.35

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): 44.92
MACD (12,26,9): -2.9100
Directional Movement: -12.29
AROON (14): -92.86
DEMA (21): 512.13
Parabolic SAR (0,02-0,02-0,2): 519.60
Elder Ray (13): -1.06
Super Trend (3,10): 523.86
Zig ZAG (10): 512.99
VORTEX (21): 0.9900
Stochastique (14,3,5): 24.48
TEMA (21): 510.48
Williams %R (14): -62.19
Chande Momentum Oscillator (20): -9.96
Repulse (5,40,3): 0.1200
ROCnROLL: 2
TRIX (15,9): -0.0600
Courbe Coppock: 4.22
MA7: 522.01
MA20: 530.92
MA50: 548.10
MA100: 477.23
MAexp7: 512.29
MAexp20: 515.71
MAexp50: 519.70
MAexp100: 524.23
Price / MA7: -1.58%
Price / MA20: -3.23%
Price / MA50: -6.26%
Price / MA100: +7.66%
Price / MAexp7: +0.29%
Price / MAexp20: -0.37%
Price / MAexp50: -1.14%
Price / MAexp100: -1.99%

Quotes : 2021-03-24 02:39:04 - Real time data - Cryptocompare

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

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