BITCOIN CASH - BCH/USD - 1H - Technical analysis published on 10/26/2023 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 246.83 USD
My targets
259.92 USD (+2.44%)
263.71 USD (+3.93%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 246.83 USD remains possible. It is advisable to trade BITCOIN CASH - BCH/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 246.83 USD. The next bullish objective for buyers is set at 259.92 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 263.71 USD. If there is any crossing, the next objective would be the resistance located at 269.80 USD. PS: if there is a bearish break in the support located at 246.83 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
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
2.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN CASH - BCH/USD price is 253.74 USD. The price registered a decrease of -0.13% on the session with the lowest point at 252.92 USD and the highest point at 256.41 USD. The deviation from the price is +0.32% for the low point and -1.04% for the high point.252.92
256.41
253.74
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BITCOIN CASH - BCH/USD:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of this 1H chart of BITCOIN CASH - BCH/USD indicates that the overall trend is bullish. The signals given by moving averages are 64.29% bullish. This bullish trend could slow down given the neutral signals currently being given by 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 slight given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish doji star
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 228.71 | 240.72 | 246.83 | 253.74 | 254.76 | 259.92 | 263.71 |
| Change (%) | -9.86% | -5.13% | -2.72% | - | +0.40% | +2.44% | +3.93% |
| Change | -25.03 | -13.02 | -6.91 | - | +1.02 | +6.18 | +9.97 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Intermediate | Minor |
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 | 236.87 | 242.65 | 248.36 | 254.14 | 259.85 | 265.63 | 271.34 |
| Camarilla | 250.91 | 251.96 | 253.02 | 254.07 | 255.12 | 256.18 | 257.23 |
| Woodie | 236.84 | 242.63 | 248.33 | 254.12 | 259.82 | 265.61 | 271.31 |
| Fibonacci | 242.65 | 247.04 | 249.75 | 254.14 | 258.53 | 261.24 | 265.63 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 184.73 | 198.90 | 221.39 | 235.56 | 258.05 | 272.22 | 294.71 |
| Camarilla | 233.80 | 237.16 | 240.52 | 243.88 | 247.24 | 250.60 | 253.96 |
| Woodie | 188.89 | 200.98 | 225.55 | 237.64 | 262.21 | 274.30 | 298.87 |
| Fibonacci | 198.90 | 212.90 | 221.56 | 235.56 | 249.56 | 258.22 | 272.22 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 130.21 | 155.45 | 194.68 | 219.92 | 259.15 | 284.39 | 323.62 |
| Camarilla | 216.19 | 222.10 | 228.01 | 233.92 | 239.83 | 245.74 | 251.65 |
| Woodie | 137.22 | 158.95 | 201.69 | 223.42 | 266.16 | 287.89 | 330.63 |
| Fibonacci | 155.45 | 180.07 | 195.29 | 219.92 | 244.54 | 259.76 | 284.39 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 50.10 | |
| MACD (12,26,9): | 0.2000 | |
| Directional Movement: | 4.23 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 254.76 | |
| Parabolic SAR (0,02-0,02-0,2): | 257.13 | |
| Elder Ray (13): | -0.21 | |
| Super Trend (3,10): | 260.09 | |
| Zig ZAG (10): | 254.41 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 52.72 | |
| TEMA (21): | 254.75 | |
| Williams %R (14): | -38.17 | |
| Chande Momentum Oscillator (20): | 0.25 | |
| Repulse (5,40,3): | -0.0100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.31 |
| MA7: | 250.03 | |
| MA20: | 231.75 | |
| MA50: | 221.88 | |
| MA100: | 220.32 | |
| MAexp7: | 254.75 | |
| MAexp20: | 254.52 | |
| MAexp50: | 253.70 | |
| MAexp100: | 250.75 | |
| Price / MA7: | +1.48% | |
| Price / MA20: | +9.49% | |
| Price / MA50: | +14.36% | |
| Price / MA100: | +15.17% | |
| Price / MAexp7: | -0.40% | |
| Price / MAexp20: | -0.31% | |
| Price / MAexp50: | +0.02% | |
| Price / MAexp100: | +1.19% |
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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