BITCOIN CASH - BCH/USD - 1H - Technical analysis published on 12/28/2024 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
6%
72%
22%
My opinion
Bearish under 449.67 USD
My targets
421.14 USD (-4.18%)
393.17 USD (-10.54%)
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 449.67 USD. The sellers' bearish objective is set at 421.14 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 393.17 USD. In case of crossing, the next objective would be the support located at 363.48 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.9
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 439.50 USD. The price is lower by -0.20% since the last closing and was between 437.97 USD and 443.23 USD. This implies that the price is at +0.35% from its lowest and at -0.84% from its highest.437.97
443.23
439.50
Here is a more detailed summary of the historical variations registered by BITCOIN CASH - BCH/USD:
Technical
Technical analysis of BITCOIN CASH - BCH/USD in 1H shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Moving Average bearish crossovers : AMA20 & AMA50
Type : Bearish
Timeframe : 1 hour
In fact, 13 technical indicators on 18 studied are currently bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 393.17 | 421.14 | 438.97 | 439.50 | 449.67 | 461.02 | 473.25 |
| Change (%) | -10.54% | -4.18% | -0.12% | - | +2.31% | +4.90% | +7.68% |
| Change | -46.33 | -18.36 | -0.53 | - | +10.17 | +21.52 | +33.75 |
| Level | Intermediate | Minor | Major | - | Minor | Major | 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 | 403.22 | 418.94 | 429.65 | 445.37 | 456.08 | 471.80 | 482.51 |
| Camarilla | 433.10 | 435.53 | 437.95 | 440.37 | 442.79 | 445.22 | 447.64 |
| Woodie | 400.73 | 417.69 | 427.16 | 444.12 | 453.59 | 470.55 | 480.02 |
| Fibonacci | 418.94 | 429.03 | 435.27 | 445.37 | 455.46 | 461.70 | 471.80 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 211.16 | 300.44 | 378.03 | 467.31 | 544.90 | 634.18 | 711.77 |
| Camarilla | 409.73 | 425.03 | 440.32 | 455.62 | 470.92 | 486.21 | 501.51 |
| Woodie | 205.32 | 297.52 | 372.19 | 464.39 | 539.06 | 631.26 | 705.93 |
| Fibonacci | 300.44 | 364.18 | 403.57 | 467.31 | 531.05 | 570.44 | 634.18 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 211.01 | 290.54 | 408.61 | 488.14 | 606.21 | 685.74 | 803.81 |
| Camarilla | 472.35 | 490.46 | 508.58 | 526.69 | 544.80 | 562.92 | 581.03 |
| Woodie | 230.29 | 300.18 | 427.89 | 497.78 | 625.49 | 695.38 | 823.09 |
| Fibonacci | 290.54 | 366.02 | 412.65 | 488.14 | 563.62 | 610.25 | 685.74 |
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): | 41.80 | |
| MACD (12,26,9): | -1.8200 | |
| Directional Movement: | -14.12 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 440.14 | |
| Parabolic SAR (0,02-0,02-0,2): | 445.72 | |
| Elder Ray (13): | -2.31 | |
| Super Trend (3,10): | 449.29 | |
| Zig ZAG (10): | 438.98 | |
| VORTEX (21): | 0.8000 | |
| Stochastique (14,3,5): | 14.76 | |
| TEMA (21): | 439.43 | |
| Williams %R (14): | -83.89 | |
| Chande Momentum Oscillator (20): | -5.40 | |
| Repulse (5,40,3): | -0.3200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 2.92 |
| MA7: | 451.07 | |
| MA20: | 491.45 | |
| MA50: | 496.91 | |
| MA100: | 422.27 | |
| MAexp7: | 440.28 | |
| MAexp20: | 442.30 | |
| MAexp50: | 445.32 | |
| MAexp100: | 449.52 | |
| Price / MA7: | -2.57% | |
| Price / MA20: | -10.57% | |
| Price / MA50: | -11.55% | |
| Price / MA100: | +4.08% | |
| Price / MAexp7: | -0.18% | |
| Price / MAexp20: | -0.63% | |
| Price / MAexp50: | -1.31% | |
| Price / MAexp100: | -2.23% |
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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