BINANCE COIN - BNB/ETH - Daily - Technical analysis published on 07/16/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bearish
Technical indicators
61%
17%
22%
My opinion
Bullish above 0.067472 ETH
My targets
0.081483 ETH (+11.42%)
0.090986 ETH (+24.41%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for BINANCE COIN - BNB/ETH as long as the price remains well above 0.067472 ETH. The buyers” bullish objective is set at 0.081483 ETH. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.090986 ETH. If there is any crossing, the next objective would be the resistance located at 0.099180 ETH. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 0.081483 ETH. On this resistance, against the trend traders who would like to go short on BINANCE COIN - BNB/ETH with a bearish signal from their trading strategy, should not hesitate to act.
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
1.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BINANCE COIN - BNB/ETH rating 0.073132 ETH. The price registered a decrease of -0.92% on the session and was traded between 0.071926 ETH and 0.074157 ETH over the period. The price is currently at +1.68% from its lowest and -1.38% from its highest.0.071926
0.074157
0.073132
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Daily chart of BINANCE COIN - BNB/ETH indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 11 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Ichimoku - Bullish crossover : Tenkan & Kijun
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
Horizontal support is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.033288 | 0.050373 | 0.067472 | 0.073132 | 0.073601 | 0.081483 | 0.090986 |
| Change (%) | -54.48% | -31.12% | -7.74% | - | +0.64% | +11.42% | +24.41% |
| Change | -0.039844 | -0.022759 | -0.005660 | - | +0.000469 | +0.008351 | +0.017854 |
| Level | Intermediate | Major | Major | - | Intermediate | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.070386 | 0.071686 | 0.072748 | 0.074048 | 0.075110 | 0.076410 | 0.077472 |
| Camarilla | 0.073161 | 0.073377 | 0.073594 | 0.073810 | 0.074027 | 0.074243 | 0.074460 |
| Woodie | 0.070267 | 0.071627 | 0.072629 | 0.073989 | 0.074991 | 0.076351 | 0.077353 |
| Fibonacci | 0.071686 | 0.072588 | 0.073146 | 0.074048 | 0.074950 | 0.075508 | 0.076410 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.060300 | 0.063056 | 0.068353 | 0.071109 | 0.076406 | 0.079162 | 0.084459 |
| Camarilla | 0.071435 | 0.072174 | 0.072912 | 0.073650 | 0.074388 | 0.075126 | 0.075865 |
| Woodie | 0.061571 | 0.063691 | 0.069624 | 0.071744 | 0.077677 | 0.079797 | 0.085730 |
| Fibonacci | 0.063056 | 0.066132 | 0.068033 | 0.071109 | 0.074185 | 0.076086 | 0.079162 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.057542 | 0.061953 | 0.065136 | 0.069547 | 0.072730 | 0.077141 | 0.080324 |
| Camarilla | 0.066232 | 0.066928 | 0.067624 | 0.068320 | 0.069016 | 0.069712 | 0.070408 |
| Woodie | 0.056929 | 0.061646 | 0.064523 | 0.069240 | 0.072117 | 0.076834 | 0.079711 |
| Fibonacci | 0.061953 | 0.064854 | 0.066646 | 0.069547 | 0.072448 | 0.074240 | 0.077141 |
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): | 55.26 | |
| MACD (12,26,9): | 0.0011 | |
| Directional Movement: | 8.421059 | |
| AROON (14): | 57.142859 | |
| DEMA (21): | 0.072610 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.071684 | |
| Elder Ray (13): | 0.000676 | |
| Super Trend (3,10): | 0.068804 | |
| Zig ZAG (10): | 0.072774 | |
| VORTEX (21): | 1.0892 | |
| Stochastique (14,3,5): | 65.47 | |
| TEMA (21): | 0.074563 | |
| Williams %R (14): | -44.16 | |
| Chande Momentum Oscillator (20): | 0.004811 | |
| Repulse (5,40,3): | -2.2802 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0786 | |
| Courbe Coppock: | 16.44 |
| MA7: | 0.074167 | |
| MA20: | 0.070462 | |
| MA50: | 0.070835 | |
| MA100: | 0.077413 | |
| MAexp7: | 0.073429 | |
| MAexp20: | 0.071651 | |
| MAexp50: | 0.072502 | |
| MAexp100: | 0.076733 | |
| Price / MA7: | -1.40% | |
| Price / MA20: | +3.79% | |
| Price / MA50: | +3.24% | |
| Price / MA100: | -5.53% | |
| Price / MAexp7: | -0.40% | |
| Price / MAexp20: | +2.07% | |
| Price / MAexp50: | +0.87% | |
| Price / MAexp100: | -4.69% |
Quotes :
2020-07-16 16:41:14
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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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