BITCOIN CASH - BCH/USD - 1H - Technical analysis published on 07/28/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 384.63 USD
My targets
404.33 USD (+2.26%)
424.98 USD (+7.48%)
My analysis
The bullish trend is currently very strong on BITCOIN CASH - BCH/USD. As long as the price remains above the support at 384.63 USD, you could try to benefit from the boom. The first bullish objective is located at 404.33 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 424.98 USD as an objective. Crossing it would then enable buyers to target 517.80 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.5
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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 rating is 395.39 USD. The price registered an increase of +0.80% on the session and was between 389.44 USD and 397.50 USD. This implies that the price is at +1.53% from its lowest and at -0.53% from its highest.389.44
397.50
395.39
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:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of BITCOIN CASH - BCH/USD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, only 9 technical indicators out of 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 378.77 | 384.63 | 393.40 | 395.39 | 404.33 | 424.98 | 517.80 |
| Change (%) | -4.20% | -2.72% | -0.50% | - | +2.26% | +7.48% | +30.96% |
| Change | -16.62 | -10.76 | -1.99 | - | +8.94 | +29.59 | +122.41 |
| Level | Major | Major | Minor | - | Intermediate | 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 | 359.24 | 368.07 | 380.16 | 388.99 | 401.08 | 409.91 | 422.00 |
| Camarilla | 386.51 | 388.43 | 390.34 | 392.26 | 394.18 | 396.10 | 398.01 |
| Woodie | 360.88 | 368.89 | 381.80 | 389.81 | 402.72 | 410.73 | 423.64 |
| Fibonacci | 368.07 | 376.06 | 381.00 | 388.99 | 396.98 | 401.92 | 409.91 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 300.45 | 323.64 | 357.95 | 381.14 | 415.45 | 438.64 | 472.95 |
| Camarilla | 376.45 | 381.72 | 386.99 | 392.26 | 397.53 | 402.80 | 408.07 |
| Woodie | 306.01 | 326.42 | 363.51 | 383.92 | 421.01 | 441.42 | 478.51 |
| Fibonacci | 323.64 | 345.61 | 359.18 | 381.14 | 403.11 | 416.68 | 438.64 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 202.24 | 273.34 | 333.37 | 404.47 | 464.50 | 535.60 | 595.63 |
| Camarilla | 357.34 | 369.36 | 381.38 | 393.40 | 405.42 | 417.44 | 429.46 |
| Woodie | 196.71 | 270.57 | 327.84 | 401.70 | 458.97 | 532.83 | 590.10 |
| Fibonacci | 273.34 | 323.43 | 354.38 | 404.47 | 454.56 | 485.51 | 535.60 |
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): | 64.06 | |
| MACD (12,26,9): | 4.0900 | |
| Directional Movement: | 3.67 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 397.36 | |
| Parabolic SAR (0,02-0,02-0,2): | 386.50 | |
| Elder Ray (13): | 2.43 | |
| Super Trend (3,10): | 386.18 | |
| Zig ZAG (10): | 396.26 | |
| VORTEX (21): | 1.1800 | |
| Stochastique (14,3,5): | 89.27 | |
| TEMA (21): | 397.41 | |
| Williams %R (14): | -10.37 | |
| Chande Momentum Oscillator (20): | 3.86 | |
| Repulse (5,40,3): | 0.5500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1700 | |
| Courbe Coppock: | 3.03 |
| MA7: | 377.41 | |
| MA20: | 375.80 | |
| MA50: | 385.76 | |
| MA100: | 428.40 | |
| MAexp7: | 395.19 | |
| MAexp20: | 391.20 | |
| MAexp50: | 383.52 | |
| MAexp100: | 379.16 | |
| Price / MA7: | +4.76% | |
| Price / MA20: | +5.21% | |
| Price / MA50: | +2.50% | |
| Price / MA100: | -7.71% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +1.07% | |
| Price / MAexp50: | +3.10% | |
| Price / MAexp100: | +4.28% |
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.
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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