BITCOIN CASH - BCH/USD - 1H - Technical analysis published on 07/27/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 312.38 USD
My targets
318.18 USD (+0.44%)
325.51 USD (+2.75%)
My analysis
The bullish trend is currently very strong on Bitcoin Cash - BCH/USD. As long as the price remains above the support at 312.38 USD, you could try to benefit from the boom. The first bullish objective is located at 318.18 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 325.51 USD as an objective. Crossing it would then enable buyers to target 332.33 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.
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
Bitcoin Cash - BCH/USD rating 316.80 USD. The price registered a decrease of -0.69% on the session and was between 314.08 USD and 326.42 USD. This implies that the price is at +0.87% from its lowest and at -2.95% from its highest.314.08
326.42
316.80
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. 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.
The probability of a further increase is slight given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 294.35 | 299.70 | 312.38 | 316.80 | 318.18 | 325.51 | 332.33 |
| Change (%) | -7.09% | -5.40% | -1.40% | - | +0.44% | +2.75% | +4.90% |
| Change | -22.45 | -17.10 | -4.42 | - | +1.38 | +8.71 | +15.53 |
| Level | Intermediate | Minor | Major | - | Major | Minor | Minor |
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 | 275.80 | 285.11 | 293.81 | 303.12 | 311.82 | 321.13 | 329.83 |
| Camarilla | 297.55 | 299.20 | 300.85 | 302.50 | 304.15 | 305.80 | 307.45 |
| Woodie | 275.49 | 284.96 | 293.50 | 302.97 | 311.51 | 320.98 | 329.52 |
| Fibonacci | 285.11 | 291.99 | 296.24 | 303.12 | 310.00 | 314.25 | 321.13 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 175.36 | 213.30 | 269.35 | 307.29 | 363.34 | 401.28 | 457.33 |
| Camarilla | 299.55 | 308.17 | 316.78 | 325.40 | 334.02 | 342.63 | 351.25 |
| Woodie | 184.42 | 217.83 | 278.41 | 311.82 | 372.40 | 405.81 | 466.39 |
| Fibonacci | 213.30 | 249.20 | 271.39 | 307.29 | 343.19 | 365.38 | 401.28 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 184.85 | 274.57 | 336.13 | 425.85 | 487.41 | 577.13 | 638.69 |
| Camarilla | 356.08 | 369.95 | 383.81 | 397.68 | 411.55 | 425.42 | 439.28 |
| Woodie | 170.76 | 267.53 | 322.04 | 418.81 | 473.32 | 570.09 | 624.60 |
| Fibonacci | 274.57 | 332.36 | 368.06 | 425.85 | 483.64 | 519.34 | 577.13 |
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): | 60.41 | |
| MACD (12,26,9): | 4.1300 | |
| Directional Movement: | 15.19 | |
| AROON (14): | 42.85 | |
| DEMA (21): | 318.12 | |
| Parabolic SAR (0,02-0,02-0,2): | 303.95 | |
| Elder Ray (13): | 1.52 | |
| Super Trend (3,10): | 306.72 | |
| Zig ZAG (10): | 317.10 | |
| VORTEX (21): | 1.2100 | |
| Stochastique (14,3,5): | 56.63 | |
| TEMA (21): | 320.14 | |
| Williams %R (14): | -46.96 | |
| Chande Momentum Oscillator (20): | 6.25 | |
| Repulse (5,40,3): | 0.2600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1800 | |
| Courbe Coppock: | 7.32 |
| MA7: | 311.00 | |
| MA20: | 332.22 | |
| MA50: | 386.45 | |
| MA100: | 366.82 | |
| MAexp7: | 316.99 | |
| MAexp20: | 312.66 | |
| MAexp50: | 307.81 | |
| MAexp100: | 306.33 | |
| Price / MA7: | +1.86% | |
| Price / MA20: | -4.64% | |
| Price / MA50: | -18.02% | |
| Price / MA100: | -13.64% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | +1.32% | |
| Price / MAexp50: | +2.92% | |
| Price / MAexp100: | +3.42% |
This member declared not having a position on this financial instrument or a related financial instrument.
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