BITCOIN CASH - BCH/USD - 1H - Technical analysis published on 02/10/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
33%
39%
28%
My opinion
Bullish above 244.03 USD
My targets
253.37 USD (+1.25%)
261.94 USD (+4.68%)
My analysis
The basic bullish trend is very strong on BITCOIN CASH - BCH/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 244.03 USD. Crossing the first resistance at 253.37 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 261.94 USD as an objective. Crossing it would then enable buyers to target 276.35 USD. Caution, a return to below 244.03 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
4.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BITCOIN CASH - BCH/USD rating 250.23 USD. The price is lower by -0.05% since the last closing with the lowest point at 249.42 USD and the highest point at 251.60 USD. The deviation from the price is +0.32% for the low point and -0.54% for the high point.249.42
251.60
250.23
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of BITCOIN CASH - BCH/USD indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 5 are neutral and 7 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 237.80 | 241.45 | 244.03 | 250.23 | 253.37 | 261.94 | 276.35 |
| Change (%) | -4.97% | -3.51% | -2.48% | - | +1.25% | +4.68% | +10.44% |
| Change | -12.43 | -8.78 | -6.20 | - | +3.14 | +11.71 | +26.12 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Intermediate | 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 | 236.24 | 240.40 | 245.38 | 249.54 | 254.52 | 258.68 | 263.66 |
| Camarilla | 247.85 | 248.68 | 249.52 | 250.36 | 251.20 | 252.04 | 252.87 |
| Woodie | 236.65 | 240.61 | 245.79 | 249.75 | 254.93 | 258.89 | 264.07 |
| Fibonacci | 240.40 | 243.89 | 246.05 | 249.54 | 253.03 | 255.19 | 258.68 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 216.77 | 223.56 | 232.23 | 239.02 | 247.69 | 254.48 | 263.15 |
| Camarilla | 236.66 | 238.08 | 239.49 | 240.91 | 242.33 | 243.74 | 245.16 |
| Woodie | 217.72 | 224.03 | 233.18 | 239.49 | 248.64 | 254.95 | 264.10 |
| Fibonacci | 223.56 | 229.46 | 233.11 | 239.02 | 244.92 | 248.57 | 254.48 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 123.48 | 171.22 | 202.65 | 250.39 | 281.82 | 329.56 | 360.99 |
| Camarilla | 212.31 | 219.57 | 226.82 | 234.08 | 241.34 | 248.60 | 255.85 |
| Woodie | 115.33 | 167.14 | 194.50 | 246.31 | 273.67 | 325.48 | 352.84 |
| Fibonacci | 171.22 | 201.46 | 220.15 | 250.39 | 280.63 | 299.32 | 329.56 |
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): | 54.18 | |
| MACD (12,26,9): | 0.9800 | |
| Directional Movement: | 10.91 | |
| AROON (14): | 0 | |
| DEMA (21): | 251.53 | |
| Parabolic SAR (0,02-0,02-0,2): | 252.49 | |
| Elder Ray (13): | -0.30 | |
| Super Trend (3,10): | 248.22 | |
| Zig ZAG (10): | 250.01 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 29.29 | |
| TEMA (21): | 250.81 | |
| Williams %R (14): | -82.09 | |
| Chande Momentum Oscillator (20): | 0.23 | |
| Repulse (5,40,3): | -0.3300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 0.25 |
| MA7: | 241.60 | |
| MA20: | 238.89 | |
| MA50: | 244.00 | |
| MA100: | 239.15 | |
| MAexp7: | 250.36 | |
| MAexp20: | 249.94 | |
| MAexp50: | 247.09 | |
| MAexp100: | 243.75 | |
| Price / MA7: | +3.57% | |
| Price / MA20: | +4.75% | |
| Price / MA50: | +2.55% | |
| Price / MA100: | +4.63% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | +1.27% | |
| Price / MAexp100: | +2.66% |
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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