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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 04/07/2021 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 659.88 USDT
My targets
693.82 USDT (+2.67%)
721.40 USDT (+6.75%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BITCOIN CASH - BCH/USDT as long as the price remains well above 659.88 USDT. The buyers” bullish objective is set at 693.82 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 721.40 USDT. If there is any crossing, the next objective would be the resistance located at 869.58 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4

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.

teodorassenov69
This analysis was given by teodorassenov69. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The BITCOIN CASH - BCH/USDT price is 675.79 USDT. On the day, this instrument gained +2.11% with the lowest point at 648.37 USDT and the highest point at 678.62 USDT. The deviation from the price is +4.23% for the low point and -0.42% for the high point.

648.37
678.62
675.79

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



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

Technical


Technical analysis of this 1H chart of BITCOIN CASH - BCH/USDT indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

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


Williams %R indicator is overbought : over -20

Type : Neutral

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 2

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

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


Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 633.28 659.88 673.52 675.79 721.40 869.58
Change (%) -6.29% -2.35% -0.34% - +6.75% +28.68%
Change -42.51 -15.91 -2.27 - +45.61 +193.79
Level Major Minor Intermediate - Major Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard582.59603.12632.46652.99682.33702.86732.20
Camarilla648.09652.66657.23661.80666.37670.94675.51
Woodie587.00605.32636.87655.19686.74705.06736.61
Fibonacci603.12622.17633.94652.99672.04683.81702.86


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard375.64432.63481.70538.69587.76644.75693.82
Camarilla501.61511.34521.06530.78540.50550.22559.95
Woodie371.69430.65477.75536.71583.81642.77689.87
Fibonacci432.63473.14498.17538.69579.20604.23644.75


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard302.71377.35459.23533.87615.75690.39772.27
Camarilla498.06512.41526.75541.10555.45569.80584.14
Woodie306.32379.16462.84535.68619.36692.20775.88
Fibonacci377.35437.14474.08533.87593.66630.60690.39

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 63.77
MACD (12,26,9): 8.7600
Directional Movement: 12.70
AROON (14): 100.00
DEMA (21): 666.08
Parabolic SAR (0,02-0,02-0,2): 626.35
Elder Ray (13): 11.06
Super Trend (3,10): 635.35
Zig ZAG (10): 673.59
VORTEX (21): 1.1200
Stochastique (14,3,5): 86.92
TEMA (21): 664.69
Williams %R (14): -0.14
Chande Momentum Oscillator (20): 24.03
Repulse (5,40,3): 3.8300
ROCnROLL: 1
TRIX (15,9): 0.2000
Courbe Coppock: 3.54
MA7: 602.02
MA20: 542.91
MA50: 550.18
MA100: 510.13
MAexp7: 663.28
MAexp20: 654.08
MAexp50: 633.26
MAexp100: 608.03
Price / MA7: +12.25%
Price / MA20: +24.48%
Price / MA50: +22.83%
Price / MA100: +32.47%
Price / MAexp7: +1.89%
Price / MAexp20: +3.32%
Price / MAexp50: +6.72%
Price / MAexp100: +11.14%

Quotes : 2021-04-07 03:47:55 - Real time data - Cryptocompare

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

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