BITCOIN SV - BSV/USD - 1H - Technical analysis published on 12/19/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 61.95 USD
My targets
53.12 USD (-4.68%)
44.10 USD (-20.87%)
My analysis
BITCOIN SV - BSV/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 61.95 USD. The next support located at 53.12 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 44.10 USD. Below this support, sellers could then target 43.88 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
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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 55.73 USD. The price registered a decrease of -0.45% on the session and was traded between 53.46 USD and 58.43 USD over the period. The price is currently at +4.25% from its lowest and -4.62% from its highest.53.46
58.43
55.73
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this BITCOIN SV - BSV/USD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from 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.
The Central Indicators scanner found this result concerning these indicators:
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 39.96 | 43.88 | 53.12 | 55.73 | 61.95 | 63.37 | 64.82 |
| Change (%) | -28.30% | -21.26% | -4.68% | - | +11.16% | +13.71% | +16.31% |
| Change | -15.77 | -11.85 | -2.61 | - | +6.22 | +7.64 | +9.09 |
| Level | Minor | Intermediate | Major | - | Minor | 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 | 45.16 | 50.53 | 53.26 | 58.63 | 61.36 | 66.73 | 69.46 |
| Camarilla | 53.75 | 54.50 | 55.24 | 55.98 | 56.72 | 57.47 | 58.21 |
| Woodie | 43.83 | 49.87 | 51.93 | 57.97 | 60.03 | 66.07 | 68.13 |
| Fibonacci | 50.53 | 53.63 | 55.54 | 58.63 | 61.73 | 63.64 | 66.73 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30.01 | 44.10 | 54.37 | 68.46 | 78.73 | 92.82 | 103.09 |
| Camarilla | 57.94 | 60.17 | 62.41 | 64.64 | 66.87 | 69.11 | 71.34 |
| Woodie | 28.10 | 43.15 | 52.46 | 67.51 | 76.82 | 91.87 | 101.18 |
| Fibonacci | 44.10 | 53.41 | 59.15 | 68.46 | 77.77 | 83.51 | 92.82 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.65 | 30.51 | 50.99 | 64.85 | 85.33 | 99.19 | 119.67 |
| Camarilla | 62.03 | 65.17 | 68.32 | 71.47 | 74.62 | 77.77 | 80.91 |
| Woodie | 19.96 | 32.17 | 54.30 | 66.51 | 88.64 | 100.85 | 122.98 |
| Fibonacci | 30.51 | 43.63 | 51.73 | 64.85 | 77.97 | 86.07 | 99.19 |
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): | 35.34 | |
| MACD (12,26,9): | -0.9100 | |
| Directional Movement: | -13.44 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 56.18 | |
| Parabolic SAR (0,02-0,02-0,2): | 54.61 | |
| Elder Ray (13): | -1.25 | |
| Super Trend (3,10): | 58.57 | |
| Zig ZAG (10): | 55.76 | |
| VORTEX (21): | 0.8200 | |
| Stochastique (14,3,5): | 47.80 | |
| TEMA (21): | 56.43 | |
| Williams %R (14): | -79.64 | |
| Chande Momentum Oscillator (20): | -1.36 | |
| Repulse (5,40,3): | -1.4600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2600 | |
| Courbe Coppock: | 1.92 |
| MA7: | 62.80 | |
| MA20: | 70.23 | |
| MA50: | 64.95 | |
| MA100: | 56.59 | |
| MAexp7: | 56.78 | |
| MAexp20: | 57.50 | |
| MAexp50: | 59.56 | |
| MAexp100: | 61.72 | |
| Price / MA7: | -11.26% | |
| Price / MA20: | -20.65% | |
| Price / MA50: | -14.20% | |
| Price / MA100: | -1.52% | |
| Price / MAexp7: | -1.85% | |
| Price / MAexp20: | -3.08% | |
| Price / MAexp50: | -6.43% | |
| Price / MAexp100: | -9.71% |
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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