Londinia Opportunities Analyses - 05/08/2024 (GMT) BINANCE COIN - BNB/ETH - 1H
| Type: | Cryptocurrencies |
| Ticker: | BNBETH |
| ISIN: |
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- Cryptocurrencies
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
11%
11%
My opinion
Bullish above 0.191964 ETH
My targets
0.197447 ETH (+2.04%)
0.212504 ETH (+9.82%)
My analysis
BINANCE COIN - BNB/ETH is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.191964 ETH. The next resistance located at 0.197447 ETH is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.212504 ETH. After this resistance, buyers could then target 0.258000 ETH. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.2
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Additional analysis
Quotes
The BINANCE COIN - BNB/ETH rating is 0.193500 ETH. The price registered an increase of +0.81% on the session and was between 0.191444 ETH and 0.193557 ETH. This implies that the price is at +1.07% from its lowest and at -0.03% from its highest.0.191444
0.193557
0.193500
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of BINANCE COIN - BNB/ETH in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish 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 shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.189973 | 0.191964 | 0.193307 | 0.193500 | 0.194452 | 0.197447 | 0.212504 |
| Change (%) | -1.82% | -0.79% | -0.10% | - | +0.49% | +2.04% | +9.82% |
| Change | -0.003527 | -0.001536 | -0.000193 | - | +0.000952 | +0.003947 | +0.019004 |
| Level | Intermediate | Minor | 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 | 0.185904 | 0.187933 | 0.189942 | 0.191971 | 0.193980 | 0.196009 | 0.198018 |
| Camarilla | 0.190841 | 0.191211 | 0.191581 | 0.191951 | 0.192321 | 0.192691 | 0.193062 |
| Woodie | 0.185894 | 0.187928 | 0.189932 | 0.191966 | 0.193970 | 0.196004 | 0.198008 |
| Fibonacci | 0.187933 | 0.189476 | 0.190429 | 0.191971 | 0.193514 | 0.194467 | 0.196009 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.166551 | 0.173450 | 0.180653 | 0.187552 | 0.194755 | 0.201654 | 0.208857 |
| Camarilla | 0.183977 | 0.185270 | 0.186562 | 0.187855 | 0.189148 | 0.190440 | 0.191733 |
| Woodie | 0.166702 | 0.173526 | 0.180804 | 0.187628 | 0.194906 | 0.201730 | 0.209008 |
| Fibonacci | 0.173450 | 0.178837 | 0.182165 | 0.187552 | 0.192939 | 0.196267 | 0.201654 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.125468 | 0.141014 | 0.166455 | 0.182001 | 0.207442 | 0.222988 | 0.248429 |
| Camarilla | 0.180626 | 0.184383 | 0.188140 | 0.191897 | 0.195654 | 0.199411 | 0.203168 |
| Woodie | 0.130417 | 0.143488 | 0.171404 | 0.184475 | 0.212391 | 0.225462 | 0.253378 |
| Fibonacci | 0.141014 | 0.156671 | 0.166344 | 0.182001 | 0.197658 | 0.207331 | 0.222988 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 62.89 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | 10.645474 | |
| AROON (14): | -28.571429 | |
| DEMA (21): | 0.192788 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.190841 | |
| Elder Ray (13): | 0.000869 | |
| Super Trend (3,10): | 0.190714 | |
| Zig ZAG (10): | 0.193500 | |
| VORTEX (21): | 1.1523 | |
| Stochastique (14,3,5): | 75.73 | |
| TEMA (21): | 0.192649 | |
| Williams %R (14): | -15.16 | |
| Chande Momentum Oscillator (20): | -0.000050 | |
| Repulse (5,40,3): | 0.7844 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0259 | |
| Courbe Coppock: | 0.25 |
| MA7: | 0.190077 | |
| MA20: | 0.188265 | |
| MA50: | 0.177349 | |
| MA100: | 0.153816 | |
| MAexp7: | 0.192666 | |
| MAexp20: | 0.192248 | |
| MAexp50: | 0.191320 | |
| MAexp100: | 0.190213 | |
| Price / MA7: | +1.80% | |
| Price / MA20: | +2.78% | |
| Price / MA50: | +9.11% | |
| Price / MA100: | +25.80% | |
| Price / MAexp7: | +0.43% | |
| Price / MAexp20: | +0.65% | |
| Price / MAexp50: | +1.14% | |
| Price / MAexp100: | +1.73% |
Quotes :
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Real time data
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Cryptocompare