BINANCE COIN - BNB/USDT - 1H - Technical analysis published on 07/16/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
17%
61%
22%
My opinion
Bearish under 239.80 USDT
My targets
228.15 USDT (-3.14%)
221.15 USDT (-6.11%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for BINANCE COIN - BNB/USDT as long as the price remains well below 239.80 USDT. The next bearish objective for sellers is set at 228.15 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 221.15 USDT. In case of crossing, the next objective would be the support located at 216.76 USDT. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 228.15 USDT. With this support, against the trend traders who want to buy BINANCE COIN - BNB/USDT on a buy signal from their trading strategy should not hesitate to act.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
1.8
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This analysis was given by finacian. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BINANCE COIN - BNB/USDT rating 235.54 USDT. The price is lower by -1.23% since the last closing with the lowest point at 233.91 USDT and the highest point at 239.00 USDT. The deviation from the price is +0.70% for the low point and -1.45% for the high point.233.91
239.00
235.54
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BINANCE COIN - BNB/USDT:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of BINANCE COIN - BNB/USDT indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
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
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 216.76 | 221.15 | 228.15 | 235.54 | 236.09 | 239.80 | 242.26 |
| Change (%) | -7.97% | -6.11% | -3.14% | - | +0.23% | +1.81% | +2.85% |
| Change | -18.78 | -14.39 | -7.39 | - | +0.55 | +4.26 | +6.72 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Minor | 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 | 228.51 | 232.02 | 235.24 | 238.75 | 241.97 | 245.48 | 248.70 |
| Camarilla | 236.61 | 237.23 | 237.84 | 238.46 | 239.08 | 239.69 | 240.31 |
| Woodie | 228.37 | 231.95 | 235.10 | 238.68 | 241.83 | 245.41 | 248.56 |
| Fibonacci | 232.02 | 234.59 | 236.18 | 238.75 | 241.32 | 242.91 | 245.48 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 189.90 | 202.11 | 222.70 | 234.91 | 255.50 | 267.71 | 288.30 |
| Camarilla | 234.27 | 237.28 | 240.28 | 243.29 | 246.30 | 249.30 | 252.31 |
| Woodie | 194.09 | 204.21 | 226.89 | 237.01 | 259.69 | 269.81 | 292.49 |
| Fibonacci | 202.11 | 214.64 | 222.38 | 234.91 | 247.44 | 255.18 | 267.71 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.02 | 102.62 | 161.04 | 242.64 | 301.06 | 382.66 | 441.08 |
| Camarilla | 180.97 | 193.80 | 206.64 | 219.47 | 232.31 | 245.14 | 257.98 |
| Woodie | 9.44 | 96.83 | 149.46 | 236.85 | 289.48 | 376.87 | 429.50 |
| Fibonacci | 102.62 | 156.10 | 189.15 | 242.64 | 296.12 | 329.17 | 382.66 |
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): | 43.35 | |
| MACD (12,26,9): | -0.4700 | |
| Directional Movement: | -10.05 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 236.62 | |
| Parabolic SAR (0,02-0,02-0,2): | 238.18 | |
| Elder Ray (13): | -1.34 | |
| Super Trend (3,10): | 234.42 | |
| Zig ZAG (10): | 235.15 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 12.57 | |
| TEMA (21): | 235.16 | |
| Williams %R (14): | -84.79 | |
| Chande Momentum Oscillator (20): | -4.45 | |
| Repulse (5,40,3): | -0.3100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 2.99 |
| MA7: | 231.91 | |
| MA20: | 230.19 | |
| MA50: | 249.08 | |
| MA100: | 306.46 | |
| MAexp7: | 235.75 | |
| MAexp20: | 236.87 | |
| MAexp50: | 235.78 | |
| MAexp100: | 234.01 | |
| Price / MA7: | +1.57% | |
| Price / MA20: | +2.32% | |
| Price / MA50: | -5.44% | |
| Price / MA100: | -23.14% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.56% | |
| Price / MAexp50: | -0.10% | |
| Price / MAexp100: | +0.65% |
Quotes :
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Real time data
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Cryptocompare
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