BITCOIN SV - BSV/USD

- USD (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	BSVUSD
ISIN:

BITCOIN SV - BSV/USD - Daily - Technical analysis published on 02/10/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

89%

My opinion

Bullish above 225.41 USD

My targets

247.69 USD (+6.64%)

285.46 USD (+22.91%)

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 SV - BSV/USD as long as the price remains well above 225.41 USD. The buyers” bullish objective is set at 247.69 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 285.46 USD. If there is any crossing, the next objective would be the resistance located at 368.73 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. 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 teodorassenov69. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BITCOIN SV - BSV/USD price is 232.26 USD. The price registered an increase of +2.53% on the session and was traded between 216.55 USD and 237.39 USD over the period. The price is currently at +7.25% from its lowest and -2.16% from its highest.

216.55

237.39

232.26

A study of price movements over other periods shows the following variations:

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this Daily chart of BITCOIN SV - BSV/USD indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Daily

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

MACD indicator is back over 0

Type : Bullish

Timeframe : Daily

Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	181.16	209.06	225.41	232.26	247.69	285.46	368.73
Change (%)	-22.00%	-9.99%	-2.95%	-	+6.64%	+22.91%	+58.76%
Change	-51.10	-23.20	-6.85	-	+15.43	+53.20	+136.47
Level	Major	Intermediate	Intermediate	-	Major	Intermediate	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	158.10	175.59	201.05	218.54	244.00	261.49	286.95
Camarilla	214.71	218.65	222.58	226.52	230.46	234.39	238.33
Woodie	162.10	177.58	205.05	220.53	248.00	263.48	290.95
Fibonacci	175.59	191.99	202.13	218.54	234.94	245.08	261.49

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	143.26	157.09	171.08	184.91	198.90	212.73	226.72
Camarilla	177.43	179.98	182.53	185.08	187.63	190.18	192.73
Woodie	143.35	157.13	171.17	184.95	198.99	212.77	226.81
Fibonacci	157.09	167.71	174.28	184.91	195.53	202.10	212.73

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-59.30	47.35	110.61	217.26	280.52	387.17	450.43
Camarilla	127.16	142.73	158.31	173.88	189.46	205.03	220.61
Woodie	-80.99	36.50	88.93	206.41	258.84	376.32	428.75
Fibonacci	47.35	112.25	152.35	217.26	282.16	322.26	387.17

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):	64.43
MACD (12,26,9):	5.6500
Directional Movement:	23.62
AROON (14):	92.86
DEMA (21):	196.32
Parabolic SAR (0,02-0,02-0,2):	159.34
Elder Ray (13):	27.59
Super Trend (3,10):	170.22
Zig ZAG (10):	224.61
VORTEX (21):	1.1000
Stochastique (14,3,5):	89.17
TEMA (21):	202.42
Williams %R (14):	-11.05
Chande Momentum Oscillator (20):	54.50
Repulse (5,40,3):	16.2400
ROCnROLL:	1
TRIX (15,9):	-0.0200
Courbe Coppock:	29.29

MA7:	197.56
MA20:	183.04
MA50:	185.23
MA100:	177.81
MAexp7:	203.83
MAexp20:	190.98
MAexp50:	185.91
MAexp100:	181.70
Price / MA7:	+17.56%
Price / MA20:	+26.89%
Price / MA50:	+25.39%
Price / MA100:	+30.62%
Price / MAexp7:	+13.95%
Price / MAexp20:	+21.61%
Price / MAexp50:	+24.93%
Price / MAexp100:	+27.83%

Quotes : 2021-02-10 02:47:11 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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