Londinia Opportunities Analyses - 10/11/2023 (GMT) BISWAP - BSW/USDT - 1H
| Type: | Cryptocurrencies |
| Ticker: | BSWUSDT |
| ISIN: |
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
- Cryptocurrencies
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
6%
83%
11%
My opinion
Bearish under 0.060195 USDT
My targets
0.058371 USDT (-2.06%)
0.054243 USDT (-8.99%)
My analysis
The bearish trend is currently very strong for BISWAP - BSW/USDT. As long as the price remains below the resistance at 0.060195 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.058371 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.054243 USDT 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 confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
8.6
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
The BISWAP - BSW/USDT rating is 0.059600 USDT. The price registered a decrease of -1.31% on the session and was traded between 0.059405 USDT and 0.060495 USDT over the period. The price is currently at +0.33% from its lowest and -1.48% from its highest.0.059405
0.060495
0.059600
Here is a more detailed summary of the historical variations registered by BISWAP - BSW/USDT:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of BISWAP - BSW/USDT indicates that the overall trend is strongly bearish. 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 15 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.059401 | 0.059600 | 0.060195 | 0.061187 | 0.063386 |
| Change (%) | -0.33% | - | +1.00% | +2.66% | +6.35% |
| Change | -0.000199 | - | +0.000595 | +0.001587 | +0.003786 |
| Level | Major | - | Minor | Intermediate | Major |
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 | 0.058509 | 0.059203 | 0.059798 | 0.060492 | 0.061087 | 0.061781 | 0.062376 |
| Camarilla | 0.060038 | 0.060156 | 0.060274 | 0.060392 | 0.060510 | 0.060628 | 0.060747 |
| Woodie | 0.058459 | 0.059178 | 0.059748 | 0.060467 | 0.061037 | 0.061756 | 0.062326 |
| Fibonacci | 0.059203 | 0.059696 | 0.060000 | 0.060492 | 0.060985 | 0.061289 | 0.061781 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.054243 | 0.058371 | 0.060733 | 0.064861 | 0.067223 | 0.071351 | 0.073713 |
| Camarilla | 0.061310 | 0.061905 | 0.062500 | 0.063095 | 0.063690 | 0.064285 | 0.064880 |
| Woodie | 0.053360 | 0.057930 | 0.059850 | 0.064420 | 0.066340 | 0.070910 | 0.072830 |
| Fibonacci | 0.058371 | 0.060850 | 0.062382 | 0.064861 | 0.067340 | 0.068872 | 0.071351 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.041397 | 0.049854 | 0.058277 | 0.066734 | 0.075157 | 0.083614 | 0.092037 |
| Camarilla | 0.062059 | 0.063606 | 0.065154 | 0.066701 | 0.068248 | 0.069796 | 0.071343 |
| Woodie | 0.041381 | 0.049846 | 0.058261 | 0.066726 | 0.075141 | 0.083606 | 0.092021 |
| Fibonacci | 0.049854 | 0.056302 | 0.060286 | 0.066734 | 0.073182 | 0.077166 | 0.083614 |
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): | 33.38 | |
| MACD (12,26,9): | -0.0003 | |
| Directional Movement: | -12.491704 | |
| AROON (14): | -92.857143 | |
| DEMA (21): | 0.059897 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.060740 | |
| Elder Ray (13): | -0.000540 | |
| Super Trend (3,10): | 0.060604 | |
| Zig ZAG (10): | 0.059405 | |
| VORTEX (21): | 0.8432 | |
| Stochastique (14,3,5): | 4.71 | |
| TEMA (21): | 0.059894 | |
| Williams %R (14): | -93.45 | |
| Chande Momentum Oscillator (20): | -0.001101 | |
| Repulse (5,40,3): | -1.0160 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0395 | |
| Courbe Coppock: | 1.79 |
| MA7: | 0.061670 | |
| MA20: | 0.064163 | |
| MA50: | 0.063563 | |
| MA100: | 0.075139 | |
| MAexp7: | 0.059924 | |
| MAexp20: | 0.060220 | |
| MAexp50: | 0.060767 | |
| MAexp100: | 0.061638 | |
| Price / MA7: | -3.36% | |
| Price / MA20: | -7.11% | |
| Price / MA50: | -6.23% | |
| Price / MA100: | -20.68% | |
| Price / MAexp7: | -0.54% | |
| Price / MAexp20: | -1.03% | |
| Price / MAexp50: | -1.92% | |
| Price / MAexp100: | -3.31% |
Quotes :
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Real time data
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Cryptocompare