BITCOIN CASH - BCH/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	BCHUSDT
ISIN:

BITCOIN CASH - BCH/USDT - Weekly - Technical analysis published on 04/15/2021 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 721.40 USDT

My targets

869.58 USDT (+8.08%)

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 721.40 USDT. The buyers” bullish objective is set at 869.58 USDT. A bullish break in this resistance would boost the bullish momentum. 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

8.9

Comment on the analysis

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:

Additional analysis

Quotes

The BITCOIN CASH - BCH/USDT price is 804.56 USDT. The price registered an increase of +27.47% over 5 days and has been traded over the last 5 days between 654.38 USDT and 751.32 USDT. This implies that the 5 day price is +22.95% from its lowest point and +7.09% from its highest point.

654.38

751.32

804.56

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

Bullish opening

Type : Bullish

Timeframe : Openning

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

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Weekly 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.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

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

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : Weekly

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Horizontal resistance is broken

Type : Bullish

Timeframe : Weekly

Resistance of channel is broken

Type : Bullish

Timeframe : Weekly

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	491.54	633.28	721.40	804.56	869.58
Change (%)	-38.91%	-21.29%	-10.34%	-	+8.08%
Change	-313.02	-171.28	-83.16	-	+65.02
Level	Major	Major	Major	-	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	660.29	702.72	758.74	801.17	857.19	899.62	955.64
Camarilla	787.68	796.70	805.73	814.75	823.78	832.80	841.82
Woodie	667.08	706.12	765.53	804.57	863.98	903.02	962.43
Fibonacci	702.72	740.33	763.57	801.17	838.78	862.02	899.62

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	399.86	462.60	567.75	630.49	735.64	798.38	903.53
Camarilla	626.73	642.12	657.51	672.90	688.29	703.68	719.07
Woodie	421.07	473.20	588.96	641.09	756.85	808.98	924.74
Fibonacci	462.60	526.73	566.36	630.49	694.62	734.25	798.38

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	302.71	377.35	459.23	533.87	615.75	690.39	772.27
Camarilla	498.06	512.41	526.75	541.10	555.45	569.80	584.14
Woodie	306.32	379.16	462.84	535.68	619.36	692.20	775.88
Fibonacci	377.35	437.14	474.08	533.87	593.66	630.60	690.39

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):	68.99
MACD (12,26,9):	92.8200
Directional Movement:	26.24
AROON (14):	100.00
DEMA (21):	627.81
Parabolic SAR (0,02-0,02-0,2):	432.91
Elder Ray (13):	184.35
Super Trend (3,10):	366.17
Zig ZAG (10):	805.19
VORTEX (21):	1.1500
Stochastique (14,3,5):	72.58
TEMA (21):	678.63
Williams %R (14):	-7.60
Chande Momentum Oscillator (20):	376.71
Repulse (5,40,3):	36.5700
ROCnROLL:	1
TRIX (15,9):	3.1100
Courbe Coppock:	132.21

MA7:	718.44
MA20:	620.33
MA50:	558.54
MA100:	536.30
MAexp7:	623.27
MAexp20:	513.55
MAexp50:	406.21
MAexp100:	378.42
Price / MA7:	+11.99%
Price / MA20:	+29.70%
Price / MA50:	+44.05%
Price / MA100:	+50.02%
Price / MAexp7:	+29.09%
Price / MAexp20:	+56.67%
Price / MAexp50:	+98.07%
Price / MAexp100:	+112.61%

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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