BITCOIN SV - BSV/USD - 1H - Technical analysis published on 02/17/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 237.49 USD
My targets
229.92 USD (-1.27%)
218.38 USD (-6.22%)
My analysis
The bearish trend is currently very strong for BITCOIN SV - BSV/USD. As long as the price remains below the resistance at 237.49 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 229.92 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 218.38 USD as an objective. Crossing it would then enable sellers to target 201.17 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.1
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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 232.87 USD. The price registered a decrease of -1.64% on the session and was between 227.71 USD and 239.43 USD. This implies that the price is at +2.27% from its lowest and at -2.74% from its highest.227.71
239.43
232.87
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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:
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this BITCOIN SV - BSV/USD chart shows a sharp bearish trend. The signals given by moving averages are 82.14% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 201.17 | 218.38 | 229.92 | 232.87 | 237.49 | 247.69 | 256.98 |
| Change (%) | -13.61% | -6.22% | -1.27% | - | +1.98% | +6.36% | +10.35% |
| Change | -31.70 | -14.49 | -2.95 | - | +4.62 | +14.82 | +24.11 |
| Level | Minor | Major | Intermediate | - | Intermediate | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 194.62 | 211.04 | 223.89 | 240.31 | 253.16 | 269.58 | 282.43 |
| Camarilla | 228.70 | 231.38 | 234.07 | 236.75 | 239.43 | 242.12 | 244.80 |
| Woodie | 192.85 | 210.15 | 222.12 | 239.42 | 251.39 | 268.69 | 280.66 |
| Fibonacci | 211.04 | 222.22 | 229.13 | 240.31 | 251.49 | 258.40 | 269.58 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 116.84 | 147.62 | 206.94 | 237.72 | 297.04 | 327.82 | 387.14 |
| Camarilla | 241.49 | 249.75 | 258.01 | 266.27 | 274.53 | 282.79 | 291.05 |
| Woodie | 131.12 | 154.76 | 221.22 | 244.86 | 311.32 | 334.96 | 401.42 |
| Fibonacci | 147.62 | 182.04 | 203.30 | 237.72 | 272.14 | 293.40 | 327.82 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 37.36 | |
| MACD (12,26,9): | -3.2600 | |
| Directional Movement: | -12.05 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 231.19 | |
| Parabolic SAR (0,02-0,02-0,2): | 251.40 | |
| Elder Ray (13): | -5.19 | |
| Super Trend (3,10): | 243.21 | |
| Zig ZAG (10): | 230.06 | |
| VORTEX (21): | 0.8300 | |
| Stochastique (14,3,5): | 21.84 | |
| TEMA (21): | 230.68 | |
| Williams %R (14): | -72.45 | |
| Chande Momentum Oscillator (20): | -3.26 | |
| Repulse (5,40,3): | -1.4700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2000 | |
| Courbe Coppock: | 4.65 |
| MA7: | 242.20 | |
| MA20: | 206.51 | |
| MA50: | 196.01 | |
| MA100: | 183.41 | |
| MAexp7: | 232.63 | |
| MAexp20: | 236.63 | |
| MAexp50: | 241.35 | |
| MAexp100: | 241.35 | |
| Price / MA7: | -3.85% | |
| Price / MA20: | +12.76% | |
| Price / MA50: | +18.81% | |
| Price / MA100: | +26.97% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | -1.59% | |
| Price / MAexp50: | -3.51% | |
| Price / MAexp100: | -3.51% |
Quotes :
2021-02-17 06:19:25
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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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