BITCOIN SV - BSV/USD - 1H - Technical analysis published on 09/11/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 54.66 USD
My targets
56.25 USD (+1.88%)
60.71 USD (+9.96%)
My analysis
The basic bullish trend is very strong on BITCOIN SV - BSV/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 54.66 USD. Crossing the first resistance at 56.25 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 60.71 USD as an objective. Crossing it would then enable buyers to target 65.91 USD. Caution, a return to below 54.66 USD would be a sign of a consolidation phase in the short-term basic trend. 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, 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
0
10
7.7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BITCOIN SV - BSV/USD rating 55.21 USD. The price registered a decrease of -0.02% on the session and was traded between 55.20 USD and 55.49 USD over the period. The price is currently at +0.02% from its lowest and -0.50% from its highest.55.20
55.49
55.21
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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 SV - BSV/USD indicates that the overall trend is strongly bullish. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 51.02 | 51.62 | 54.66 | 55.21 | 56.25 | 65.91 | 80.07 |
| Change (%) | -7.59% | -6.50% | -1.00% | - | +1.88% | +19.38% | +45.03% |
| Change | -4.19 | -3.59 | -0.55 | - | +1.04 | +10.70 | +24.86 |
| Level | Minor | Major | Intermediate | - | Intermediate | Intermediate | 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 | 52.20 | 53.17 | 54.20 | 55.17 | 56.20 | 57.17 | 58.20 |
| Camarilla | 54.67 | 54.85 | 55.04 | 55.22 | 55.40 | 55.59 | 55.77 |
| Woodie | 52.22 | 53.19 | 54.22 | 55.19 | 56.22 | 57.19 | 58.22 |
| Fibonacci | 53.17 | 53.94 | 54.41 | 55.17 | 55.94 | 56.41 | 57.17 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 43.56 | 46.31 | 50.76 | 53.51 | 57.96 | 60.71 | 65.16 |
| Camarilla | 53.24 | 53.90 | 54.56 | 55.22 | 55.88 | 56.54 | 57.20 |
| Woodie | 44.42 | 46.74 | 51.62 | 53.94 | 58.82 | 61.14 | 66.02 |
| Fibonacci | 46.31 | 49.06 | 50.76 | 53.51 | 56.26 | 57.96 | 60.71 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31.67 | 41.34 | 46.65 | 56.32 | 61.63 | 71.30 | 76.61 |
| Camarilla | 47.83 | 49.20 | 50.58 | 51.95 | 53.32 | 54.70 | 56.07 |
| Woodie | 29.48 | 40.25 | 44.46 | 55.23 | 59.44 | 70.21 | 74.42 |
| Fibonacci | 41.34 | 47.07 | 50.60 | 56.32 | 62.05 | 65.58 | 71.30 |
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): | 56.23 | |
| MACD (12,26,9): | 0.0800 | |
| Directional Movement: | 2.31 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 55.12 | |
| Parabolic SAR (0,02-0,02-0,2): | 54.43 | |
| Elder Ray (13): | 0.26 | |
| Super Trend (3,10): | 54.22 | |
| Zig ZAG (10): | 55.35 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 89.46 | |
| TEMA (21): | 55.04 | |
| Williams %R (14): | -13.08 | |
| Chande Momentum Oscillator (20): | 0.54 | |
| Repulse (5,40,3): | 0.1600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.12 |
| MA7: | 53.45 | |
| MA20: | 53.35 | |
| MA50: | 57.22 | |
| MA100: | 56.65 | |
| MAexp7: | 55.15 | |
| MAexp20: | 55.00 | |
| MAexp50: | 54.65 | |
| MAexp100: | 53.94 | |
| Price / MA7: | +3.29% | |
| Price / MA20: | +3.49% | |
| Price / MA50: | -3.51% | |
| Price / MA100: | -2.54% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.38% | |
| Price / MAexp50: | +1.02% | |
| Price / MAexp100: | +2.35% |
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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