BITCOIN CASH - BCH/USD - 1H - Technical analysis published on 12/29/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
44%
22%
33%
My opinion
Bullish above 260.47 USD
My targets
272.50 USD (+2.61%)
282.35 USD (+6.32%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on BITCOIN CASH - BCH/USD. As long as you are above the support located at 260.47 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 272.50 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 282.35 USD as an objective. Crossing it would then enable buyers to target 304.28 USD. If the support 260.47 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
4.3
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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 265.57 USD. The price registered an increase of +1.24% on the session with the lowest point at 261.62 USD and the highest point at 269.21 USD. The deviation from the price is +1.51% for the low point and -1.35% for the high point.261.62
269.21
265.57
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BITCOIN CASH - BCH/USD:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this BITCOIN CASH - BCH/USD chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
On the 18 technical indicators analysed, 8 are bullish, 6 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
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.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 244.00 | 253.26 | 260.47 | 265.57 | 282.35 | 304.28 | 391.67 |
| Change (%) | -8.12% | -4.64% | -1.92% | - | +6.32% | +14.58% | +47.48% |
| Change | -21.57 | -12.31 | -5.10 | - | +16.78 | +38.71 | +126.10 |
| Level | Intermediate | Major | Minor | - | Minor | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 233.67 | 245.76 | 254.04 | 266.13 | 274.41 | 286.50 | 294.78 |
| Camarilla | 256.71 | 258.58 | 260.44 | 262.31 | 264.18 | 266.05 | 267.91 |
| Woodie | 231.76 | 244.81 | 252.13 | 265.18 | 272.50 | 285.55 | 292.87 |
| Fibonacci | 245.76 | 253.55 | 258.35 | 266.13 | 273.92 | 278.72 | 286.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 192.10 | 204.65 | 218.90 | 231.45 | 245.70 | 258.25 | 272.50 |
| Camarilla | 225.78 | 228.24 | 230.69 | 233.15 | 235.61 | 238.06 | 240.52 |
| Woodie | 192.95 | 205.08 | 219.75 | 231.88 | 246.55 | 258.68 | 273.35 |
| Fibonacci | 204.65 | 214.89 | 221.21 | 231.45 | 241.69 | 248.01 | 258.25 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 176.45 | 194.72 | 208.15 | 226.42 | 239.85 | 258.12 | 271.55 |
| Camarilla | 212.85 | 215.76 | 218.66 | 221.57 | 224.48 | 227.38 | 230.29 |
| Woodie | 174.02 | 193.51 | 205.72 | 225.21 | 237.42 | 256.91 | 269.12 |
| Fibonacci | 194.72 | 206.83 | 214.31 | 226.42 | 238.53 | 246.01 | 258.12 |
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): | 50.89 | |
| MACD (12,26,9): | 0.8500 | |
| Directional Movement: | 2.37 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 266.00 | |
| Parabolic SAR (0,02-0,02-0,2): | 270.65 | |
| Elder Ray (13): | -1.36 | |
| Super Trend (3,10): | 257.61 | |
| Zig ZAG (10): | 265.25 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 36.76 | |
| TEMA (21): | 263.89 | |
| Williams %R (14): | -42.07 | |
| Chande Momentum Oscillator (20): | 0.30 | |
| Repulse (5,40,3): | 2.6000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1400 | |
| Courbe Coppock: | 4.81 |
| MA7: | 245.95 | |
| MA20: | 237.58 | |
| MA50: | 234.84 | |
| MA100: | 233.64 | |
| MAexp7: | 264.28 | |
| MAexp20: | 263.95 | |
| MAexp50: | 257.79 | |
| MAexp100: | 249.51 | |
| Price / MA7: | +7.98% | |
| Price / MA20: | +11.78% | |
| Price / MA50: | +13.09% | |
| Price / MA100: | +13.67% | |
| Price / MAexp7: | +0.49% | |
| Price / MAexp20: | +0.61% | |
| Price / MAexp50: | +3.02% | |
| Price / MAexp100: | +6.44% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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