BITCOIN SV - BSV/USD - 1H - Technical analysis published on 08/17/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
39%
22%
My opinion
Bearish under 32.65 USD
My targets
30.15 USD (-3.33%)
24.12 USD (-22.67%)
My analysis
The bearish trend is currently very strong for BITCOIN SV - BSV/USD. As long as the price remains below the resistance at 32.65 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 30.15 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 24.12 USD as an objective. 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, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN SV - BSV/USD price is 31.19 USD. On the day, this instrument lost -0.16% with the lowest point at 30.48 USD and the highest point at 31.38 USD. The deviation from the price is +2.33% for the low point and -0.61% for the high point.30.48
31.38
31.19
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:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on BITCOIN SV - BSV/USD were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of BITCOIN SV - BSV/USD indicates that the overall trend is strongly bearish. 92.86% 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 market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 4 are neutral and 7 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of these bearish patterns in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term were also noted
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 24.12 | 30.15 | 31.19 | 33.77 | 34.96 | 35.48 |
| Change (%) | -22.67% | -3.33% | - | +8.27% | +12.09% | +13.75% |
| Change | -7.07 | -1.04 | - | +2.58 | +3.77 | +4.29 |
| Level | Minor | Minor | - | Minor | Intermediate | Intermediate |
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 | 25.07 | 27.64 | 29.44 | 32.01 | 33.81 | 36.38 | 38.18 |
| Camarilla | 30.04 | 30.44 | 30.84 | 31.24 | 31.64 | 32.04 | 32.44 |
| Woodie | 24.69 | 27.45 | 29.06 | 31.82 | 33.43 | 36.19 | 37.80 |
| Fibonacci | 27.64 | 29.31 | 30.34 | 32.01 | 33.68 | 34.71 | 36.38 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32.65 | 33.75 | 34.87 | 35.97 | 37.09 | 38.19 | 39.31 |
| Camarilla | 35.39 | 35.59 | 35.80 | 36.00 | 36.20 | 36.41 | 36.61 |
| Woodie | 32.67 | 33.76 | 34.89 | 35.98 | 37.11 | 38.20 | 39.33 |
| Fibonacci | 33.75 | 34.60 | 35.12 | 35.97 | 36.82 | 37.34 | 38.19 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.25 | 21.77 | 31.06 | 43.58 | 52.87 | 65.39 | 74.68 |
| Camarilla | 34.36 | 36.36 | 38.36 | 40.36 | 42.36 | 44.36 | 46.36 |
| Woodie | 7.65 | 20.96 | 29.46 | 42.77 | 51.27 | 64.58 | 73.08 |
| Fibonacci | 21.77 | 30.10 | 35.25 | 43.58 | 51.91 | 57.06 | 65.39 |
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): | 33.01 | |
| MACD (12,26,9): | -0.7900 | |
| Directional Movement: | -41.03 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 30.90 | |
| Parabolic SAR (0,02-0,02-0,2): | 30.23 | |
| Elder Ray (13): | -0.30 | |
| Super Trend (3,10): | 32.07 | |
| Zig ZAG (10): | 31.24 | |
| VORTEX (21): | 0.6900 | |
| Stochastique (14,3,5): | 36.06 | |
| TEMA (21): | 30.71 | |
| Williams %R (14): | -62.41 | |
| Chande Momentum Oscillator (20): | -1.53 | |
| Repulse (5,40,3): | 0.0500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3500 | |
| Courbe Coppock: | 11.54 |
| MA7: | 34.32 | |
| MA20: | 36.05 | |
| MA50: | 38.32 | |
| MA100: | 35.12 | |
| MAexp7: | 31.24 | |
| MAexp20: | 31.95 | |
| MAexp50: | 33.22 | |
| MAexp100: | 34.19 | |
| Price / MA7: | -9.12% | |
| Price / MA20: | -13.48% | |
| Price / MA50: | -18.61% | |
| Price / MA100: | -11.19% | |
| Price / MAexp7: | -0.16% | |
| Price / MAexp20: | -2.38% | |
| Price / MAexp50: | -6.11% | |
| Price / MAexp100: | -8.77% |
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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