BITCOIN CASH - BCH/USDT - 15 min. - Technical analysis published on 10/24/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 348.06 USDT
My targets
366.75 USDT (+2.10%)
376.02 USDT (+4.68%)
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 348.06 USDT. The buyers' bullish objective is set at 366.75 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 376.02 USDT. If there is any crossing, the next objective would be the resistance located at 378.81 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
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This analysis was given by sakshiv. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN CASH - BCH/USDT price is 359.22 USDT. On the day, this instrument gained +3.25% and was traded between 346.80 USDT and 360.17 USDT over the period. The price is currently at +3.58% from its lowest and -0.26% from its highest.346.80
360.17
359.22
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of BITCOIN CASH - BCH/USDT in 15 min. shows a strongly overall bullish trend. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 15 minutes
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 15 minutes
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:
Bullish harami
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 304.87 | 338.79 | 357.53 | 359.22 | 363.40 | 366.52 | 370.73 |
| Change (%) | -15.13% | -5.69% | -0.47% | - | +1.16% | +2.03% | +3.20% |
| Change | -54.35 | -20.43 | -1.69 | - | +4.18 | +7.30 | +11.51 |
| Level | Major | Intermediate | Minor | - | Intermediate | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 319.95 | 329.37 | 338.64 | 348.06 | 357.33 | 366.75 | 376.02 |
| Camarilla | 342.77 | 344.48 | 346.20 | 347.91 | 349.62 | 351.34 | 353.05 |
| Woodie | 319.88 | 329.33 | 338.57 | 348.02 | 357.26 | 366.71 | 375.95 |
| Fibonacci | 329.37 | 336.51 | 340.92 | 348.06 | 355.20 | 359.61 | 366.75 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 268.17 | 292.82 | 328.10 | 352.75 | 388.03 | 412.68 | 447.96 |
| Camarilla | 346.90 | 352.39 | 357.89 | 363.38 | 368.87 | 374.37 | 379.86 |
| Woodie | 273.49 | 295.48 | 333.42 | 355.41 | 393.35 | 415.34 | 453.28 |
| Fibonacci | 292.82 | 315.71 | 329.86 | 352.75 | 375.64 | 389.79 | 412.68 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 216.47 | 251.50 | 294.42 | 329.45 | 372.37 | 407.40 | 450.32 |
| Camarilla | 315.91 | 323.06 | 330.21 | 337.35 | 344.50 | 351.64 | 358.79 |
| Woodie | 220.43 | 253.47 | 298.38 | 331.42 | 376.33 | 409.37 | 454.28 |
| Fibonacci | 251.50 | 281.27 | 299.67 | 329.45 | 359.22 | 377.62 | 407.40 |
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): | 57.60 | |
| MACD (12,26,9): | 1.1400 | |
| Directional Movement: | 9.08 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 358.67 | |
| Parabolic SAR (0,02-0,02-0,2): | 360.17 | |
| Elder Ray (13): | 0.63 | |
| Super Trend (3,10): | 354.87 | |
| Zig ZAG (10): | 358.46 | |
| VORTEX (21): | 1.2100 | |
| Stochastique (14,3,5): | 74.00 | |
| TEMA (21): | 359.12 | |
| Williams %R (14): | -30.51 | |
| Chande Momentum Oscillator (20): | 2.56 | |
| Repulse (5,40,3): | 0.0500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 2.29 |
| MA7: | 361.28 | |
| MA20: | 338.95 | |
| MA50: | 333.12 | |
| MA100: | 346.45 | |
| MAexp7: | 358.56 | |
| MAexp20: | 357.23 | |
| MAexp50: | 355.49 | |
| MAexp100: | 354.19 | |
| Price / MA7: | -0.57% | |
| Price / MA20: | +5.98% | |
| Price / MA50: | +7.84% | |
| Price / MA100: | +3.69% | |
| Price / MAexp7: | +0.18% | |
| Price / MAexp20: | +0.56% | |
| Price / MAexp50: | +1.05% | |
| Price / MAexp100: | +1.42% |
Quotes :
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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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