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BITCOIN CASH - BCH/USD
BITCOIN CASH - BCH/USD
- USD (-)
- Real time data - CoinMarketCap
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: BCHUSD
ISIN:

BITCOIN CASH - BCH/USD - 1H - Technical analysis published on 03/31/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 560.87 USD
My targets
639.58 USD (+7.13%)
676.38 USD (+13.29%)
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 560.87 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 560.87 USD. The next bullish objective for buyers is set at 639.58 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 676.38 USD. If there is any crossing, the next objective would be the resistance located at 717.39 USD. PS: if there is a bearish break in the support located at 560.87 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.5

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The BITCOIN CASH - BCH/USD price is 597.04 USD. On the day, this instrument lost -0.11% with the lowest point at 589.26 USD and the highest point at 604.86 USD. The deviation from the price is +1.32% for the low point and -1.29% for the high point.

589.26
604.86
597.04

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

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Abnormal volumes on BITCOIN CASH - BCH/USD were detected by the Central Volumes scanner:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days


Abnormal volumes

Timeframe : 50 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 67.86% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : 1 hour



The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour


Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back under -50

Type : Bearish

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


S3S2S1PriceR1R2R3
ProTrendLines 474.33 501.24 548.97 597.04 598.42 639.58 717.39
Change (%) -20.55% -16.05% -8.05% - +0.23% +7.13% +20.16%
Change -122.71 -95.80 -48.07 - +1.38 +42.54 +120.35
Level Minor Major 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
Standard551.48571.40584.54604.46617.60637.52650.66
Camarilla588.58591.61594.64597.67600.70603.73606.76
Woodie548.08569.71581.14602.77614.20635.83647.26
Fibonacci571.40584.03591.83604.46617.09624.89637.52


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard287.92366.64482.15560.87676.38755.10870.61
Camarilla544.26562.06579.87597.67615.47633.28651.08
Woodie306.33375.84500.56570.07694.79764.30889.02
Fibonacci366.64440.83486.67560.87635.06680.90755.10


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard179.16212.98255.55289.37331.94365.76408.33
Camarilla277.11284.12291.12298.12305.12312.13319.13
Woodie183.54215.17259.93291.56336.32367.95412.71
Fibonacci212.98242.16260.19289.37318.55336.58365.76

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): 48.83
MACD (12,26,9): -1.7700
Directional Movement: 11.23
AROON (14): -42.86
DEMA (21): 593.91
Parabolic SAR (0,02-0,02-0,2): 589.48
Elder Ray (13): 0.99
Super Trend (3,10): 588.62
Zig ZAG (10): 596.47
VORTEX (21): 0.9900
Stochastique (14,3,5): 38.03
TEMA (21): 592.11
Williams %R (14): -47.37
Chande Momentum Oscillator (20): 1.31
Repulse (5,40,3): 0.1700
ROCnROLL: 1
TRIX (15,9): -0.0600
Courbe Coppock: 1.01
MA7: 555.50
MA20: 468.44
MA50: 386.85
MA100: 315.40
MAexp7: 594.65
MAexp20: 596.05
MAexp50: 593.90
MAexp100: 574.85
Price / MA7: +7.48%
Price / MA20: +27.45%
Price / MA50: +54.33%
Price / MA100: +89.30%
Price / MAexp7: +0.40%
Price / MAexp20: +0.17%
Price / MAexp50: +0.53%
Price / MAexp100: +3.86%

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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Londinia
Londinia AI

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