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 - 15 min. - Technical analysis published on 04/10/2021 (GMT)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 644.96 USDT
My targets
668.09 USDT (+1.17%)
673.52 USDT (+2.00%)
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 644.96 USDT. The buyers” bullish objective is set at 668.09 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 673.52 USDT. If there is any crossing, the next objective would be the resistance located at 693.23 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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
9.1

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 teodorassenov69. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The BITCOIN CASH - BCH/USDT rating is 660.34 USDT. On the day, this instrument gained +4.62% and was between 624.69 USDT and 660.46 USDT. This implies that the price is at +5.71% from its lowest and at -0.02% from its highest.

624.69
660.46
660.34

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:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 15 min. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 17 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes


MACD indicator: bearish divergence

Type : Bearish

Timeframe : 15 minutes


MACD indicator: bullish divergence

Type : Bullish

Timeframe : 15 minutes


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

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 : 15 minutes


Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is under support 3

Type : Neutral

Timeframe : 15 minutes



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

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : 15 minutes



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 595.36 633.28 649.35 660.34 673.52 693.23 721.40
Change (%) -9.84% -4.10% -1.66% - +2.00% +4.98% +9.25%
Change -64.98 -27.06 -10.99 - +13.18 +32.89 +61.06
Level Intermediate Major Intermediate - Minor Intermediate Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard598.70612.46621.83635.59644.96658.72668.09
Camarilla624.84626.96629.08631.20633.32635.44637.56
Woodie596.51611.36619.64634.49642.77657.62665.90
Fibonacci612.46621.30626.75635.59644.43649.88658.72


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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 80.83
MACD (12,26,9): 4.4100
Directional Movement: 38.34
AROON (14): 100.00
DEMA (21): 645.86
Parabolic SAR (0,02-0,02-0,2): 641.39
Elder Ray (13): 11.25
Super Trend (3,10): 645.48
Zig ZAG (10): 657.48
VORTEX (21): 1.3400
Stochastique (14,3,5): 98.97
TEMA (21): 640.88
Williams %R (14): -1.56
Chande Momentum Oscillator (20): 14.33
Repulse (5,40,3): 1.0700
ROCnROLL: 1
TRIX (15,9): 0.0200
Courbe Coppock: 3.72
MA7: 629.62
MA20: 556.75
MA50: 544.80
MA100: 518.30
MAexp7: 642.17
MAexp20: 640.83
MAexp50: 637.71
MAexp100: 636.47
Price / MA7: +4.88%
Price / MA20: +18.61%
Price / MA50: +21.21%
Price / MA100: +27.40%
Price / MAexp7: +2.83%
Price / MAexp20: +3.04%
Price / MAexp50: +3.55%
Price / MAexp100: +3.75%

Quotes : - Real time data - Cryptocompare

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

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