BITCOIN CASH - BCH/USD - 1H - Technical analysis published on 10/03/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
44%
11%
44%
My opinion
Bearish under 322.59 USD
My targets
310.98 USD (-1.55%)
305.39 USD (-3.32%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BITCOIN CASH - BCH/USD as long as the price remains well below 322.59 USD. The next bearish objective for sellers is set at 310.98 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 305.39 USD. If there is any crossing, the next objective would be the support located at 229.39 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
4.3
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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 315.89 USD. The price is lower by -0.08% since the last closing and was between 313.91 USD and 320.06 USD. This implies that the price is at +0.63% from its lowest and at -1.30% from its highest.313.91
320.06
315.89
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of BITCOIN CASH - BCH/USD indicates that the overall trend is strongly bearish. The signals given by moving averages are 89.29% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 1 hour
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
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 under support 3
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 229.39 | 305.39 | 310.98 | 315.89 | 322.59 | 339.11 | 346.07 |
| Change (%) | -27.38% | -3.32% | -1.55% | - | +2.12% | +7.35% | +9.55% |
| Change | -86.50 | -10.50 | -4.91 | - | +6.70 | +23.22 | +30.18 |
| Level | Minor | 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 | 293.99 | 301.66 | 308.90 | 316.57 | 323.81 | 331.48 | 338.72 |
| Camarilla | 312.05 | 313.42 | 314.78 | 316.15 | 317.52 | 318.88 | 320.25 |
| Woodie | 293.79 | 301.55 | 308.70 | 316.46 | 323.61 | 331.37 | 338.52 |
| Fibonacci | 301.66 | 307.35 | 310.87 | 316.57 | 322.26 | 325.78 | 331.48 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 306.09 | 320.14 | 336.43 | 350.48 | 366.77 | 380.82 | 397.11 |
| Camarilla | 344.39 | 347.17 | 349.95 | 352.73 | 355.51 | 358.29 | 361.07 |
| Woodie | 307.22 | 320.70 | 337.56 | 351.04 | 367.90 | 381.38 | 398.24 |
| Fibonacci | 320.14 | 331.73 | 338.89 | 350.48 | 362.07 | 369.23 | 380.82 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 217.17 | 252.03 | 294.81 | 329.67 | 372.45 | 407.31 | 450.09 |
| Camarilla | 316.25 | 323.37 | 330.48 | 337.60 | 344.72 | 351.83 | 358.95 |
| Woodie | 221.14 | 254.01 | 298.78 | 331.65 | 376.42 | 409.29 | 454.06 |
| Fibonacci | 252.03 | 281.69 | 300.01 | 329.67 | 359.33 | 377.65 | 407.31 |
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): | 46.49 | |
| MACD (12,26,9): | -0.9800 | |
| Directional Movement: | -15.57 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 316.72 | |
| Parabolic SAR (0,02-0,02-0,2): | 313.63 | |
| Elder Ray (13): | 0.16 | |
| Super Trend (3,10): | 325.33 | |
| Zig ZAG (10): | 318.22 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 83.09 | |
| TEMA (21): | 318.63 | |
| Williams %R (14): | -16.76 | |
| Chande Momentum Oscillator (20): | 0.62 | |
| Repulse (5,40,3): | 0.0800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 1.01 |
| MA7: | 336.28 | |
| MA20: | 335.06 | |
| MA50: | 331.77 | |
| MA100: | 349.88 | |
| MAexp7: | 318.28 | |
| MAexp20: | 318.46 | |
| MAexp50: | 323.26 | |
| MAexp100: | 330.71 | |
| Price / MA7: | -6.06% | |
| Price / MA20: | -5.72% | |
| Price / MA50: | -4.79% | |
| Price / MA100: | -9.71% | |
| Price / MAexp7: | -0.75% | |
| Price / MAexp20: | -0.81% | |
| Price / MAexp50: | -2.28% | |
| Price / MAexp100: | -4.48% |
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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