BITCOIN CASH - BCH/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	BCHUSD
ISIN:

BITCOIN CASH - BCH/USD - 1H - Technical analysis published on 07/05/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

28%

50%

22%

My opinion

Bearish under 347.77 USD

My targets

315.14 USD (-8.25%)

304.28 USD (-11.41%)

My analysis

BITCOIN CASH - BCH/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 347.77 USD. The next support located at 315.14 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 304.28 USD. Below this support, sellers could then target 231.23 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

6.8

Comment on the analysis

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.

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 343.46 USD. On the day, this instrument lost -7.90% with the lowest point at 342.94 USD and the highest point at 374.12 USD. The deviation from the price is +0.15% for the low point and -8.20% for the high point.

342.94

374.12

343.46

A study of price movements over other periods shows the following variations:

Technical

Technical analysis of BITCOIN CASH - BCH/USD in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	231.23	304.28	342.96	343.46	369.63	378.28	384.63
Change (%)	-32.68%	-11.41%	-0.15%	-	+7.62%	+10.14%	+11.99%
Change	-112.23	-39.18	-0.50	-	+26.17	+34.82	+41.17
Level	Intermediate	Major	Intermediate	-	Minor	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	353.07	360.70	366.82	374.45	380.57	388.20	394.32
Camarilla	369.15	370.41	371.67	372.93	374.19	375.45	376.71
Woodie	352.31	360.32	366.06	374.07	379.81	387.82	393.56
Fibonacci	360.70	365.96	369.20	374.45	379.71	382.95	388.20

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	285.84	315.14	347.77	377.07	409.70	439.00	471.63
Camarilla	363.37	369.05	374.72	380.40	386.08	391.75	397.43
Woodie	287.51	315.97	349.44	377.90	411.37	439.83	473.30
Fibonacci	315.14	338.80	353.41	377.07	400.73	415.34	439.00

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	142.71	243.57	318.49	419.35	494.27	595.13	670.05
Camarilla	345.06	361.17	377.29	393.40	409.51	425.63	441.74
Woodie	129.73	237.09	305.51	412.87	481.29	588.65	657.07
Fibonacci	243.57	310.72	352.21	419.35	486.50	527.99	595.13

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	28.13
MACD (12,26,9):	-6.4700
Directional Movement:	-24.14
AROON (14):	-28.57
DEMA (21):	340.98
Parabolic SAR (0,02-0,02-0,2):	348.88
Elder Ray (13):	-2.04
Super Trend (3,10):	351.53
Zig ZAG (10):	343.46
VORTEX (21):	0.8100
Stochastique (14,3,5):	3.73
TEMA (21):	339.84
Williams %R (14):	-96.39
Chande Momentum Oscillator (20):	-5.36
Repulse (5,40,3):	-0.3700
ROCnROLL:	2
TRIX (15,9):	-0.2800
Courbe Coppock:	7.29

MA7:	377.32
MA20:	387.89
MA50:	439.40
MA100:	481.55
MAexp7:	344.23
MAexp20:	349.80
MAexp50:	360.79
MAexp100:	369.52
Price / MA7:	-8.97%
Price / MA20:	-11.45%
Price / MA50:	-21.83%
Price / MA100:	-28.68%
Price / MAexp7:	-0.22%
Price / MAexp20:	-1.81%
Price / MAexp50:	-4.80%
Price / MAexp100:	-7.05%

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 AI

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