BITCOIN CASH - BCH/USD

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- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	BCHUSD
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BITCOIN CASH - BCH/USD - 1H - Technical analysis published on 07/12/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 346.44 USD

My targets

384.63 USD (+4.64%)

397.39 USD (+8.12%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BITCOIN CASH - BCH/USD as long as the price remains well above 346.44 USD. The buyers' bullish objective is set at 384.63 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 397.39 USD. If there is any crossing, the next objective would be the resistance located at 425.28 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.4

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

The BITCOIN CASH - BCH/USD rating is 367.56 USD. On the day, this instrument gained +5.88% and was between 341.08 USD and 371.29 USD. This implies that the price is at +7.76% from its lowest and at -1.00% from its highest.

341.08

371.29

367.56

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

Bearish opening

Type : Bearish

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 BITCOIN CASH - BCH/USD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

The presence of these bullish Japanese candlestick patterns detected by Central Candlesticks that could cause a very short term rebound were also noted:

Bullish harami

Type : Bullish

Timeframe : 1 hour

Long white line

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	304.28	334.50	346.44	367.56	367.95	384.63	425.28
Change (%)	-17.22%	-8.99%	-5.75%	-	+0.11%	+4.64%	+15.70%
Change	-63.28	-33.06	-21.12	-	+0.39	+17.07	+57.72
Level	Major	Intermediate	Intermediate	-	Intermediate	Intermediate	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	300.85	318.43	332.79	350.37	364.73	382.31	396.67
Camarilla	338.37	341.29	344.22	347.15	350.08	353.01	355.93
Woodie	299.24	317.63	331.18	349.57	363.12	381.51	395.06
Fibonacci	318.43	330.63	338.17	350.37	362.57	370.11	382.31

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	180.69	235.06	289.04	343.41	397.39	451.76	505.74
Camarilla	313.23	323.17	333.10	343.03	352.96	362.89	372.83
Woodie	180.51	234.96	288.86	343.31	397.21	451.66	505.56
Fibonacci	235.06	276.45	302.02	343.41	384.80	410.37	451.76

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):	76.72
MACD (12,26,9):	4.7900
Directional Movement:	33.20
AROON (14):	85.72
DEMA (21):	362.39
Parabolic SAR (0,02-0,02-0,2):	357.77
Elder Ray (13):	8.75
Super Trend (3,10):	357.23
Zig ZAG (10):	368.10
VORTEX (21):	1.3200
Stochastique (14,3,5):	89.67
TEMA (21):	365.12
Williams %R (14):	-11.07
Chande Momentum Oscillator (20):	21.34
Repulse (5,40,3):	1.7200
ROCnROLL:	1
TRIX (15,9):	0.1300
Courbe Coppock:	8.32

MA7:	339.50
MA20:	361.97
MA50:	415.56
MA100:	459.72
MAexp7:	363.13
MAexp20:	355.68
MAexp50:	350.72
MAexp100:	345.87
Price / MA7:	+8.27%
Price / MA20:	+1.54%
Price / MA50:	-11.55%
Price / MA100:	-20.05%
Price / MAexp7:	+1.22%
Price / MAexp20:	+3.34%
Price / MAexp50:	+4.80%
Price / MAexp100:	+6.27%

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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