BINANCE COIN - BNB/USDT - 1H - Technical analysis published on 10/03/2022 (GMT)
- 173
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
17%
22%
61%
My opinion
Bullish above 282.27 USDT
My targets
287.76 USDT (+0.88%)
289.66 USDT (+1.55%)
My analysis
BINANCE COIN - BNB/USDT 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 282.27 USDT. The next resistance located at 287.76 USDT 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 289.66 USDT. After this resistance, buyers could then target 296.67 USDT. 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 are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
5.5
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by finacian. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BINANCE COIN - BNB/USDT price is 285.25 USDT. On the day, this instrument gained +0.23% and was traded between 283.63 USDT and 287.43 USDT over the period. The price is currently at +0.57% from its lowest and -0.76% from its highest.283.63
287.43
285.25
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
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
A technical analysis in 1H of this BINANCE COIN - BNB/USDT chart shows a strongly bullish trend. 89.29% 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.
On the 18 technical indicators analysed, 3 are bullish, 11 are neutral and 4 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 271.05 | 273.84 | 282.27 | 285.25 | 285.47 | 287.76 | 289.66 |
| Change (%) | -4.98% | -4.00% | -1.04% | - | +0.08% | +0.88% | +1.55% |
| Change | -14.20 | -11.41 | -2.98 | - | +0.22 | +2.51 | +4.41 |
| Level | Intermediate | Minor | Intermediate | - | Major | 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 | 272.29 | 276.02 | 280.31 | 284.04 | 288.33 | 292.06 | 296.35 |
| Camarilla | 282.41 | 283.14 | 283.88 | 284.61 | 285.35 | 286.08 | 286.82 |
| Woodie | 272.58 | 276.16 | 280.60 | 284.18 | 288.62 | 292.20 | 296.64 |
| Fibonacci | 276.02 | 279.08 | 280.97 | 284.04 | 287.10 | 288.99 | 292.06 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 246.56 | 256.54 | 269.71 | 279.69 | 292.86 | 302.84 | 316.01 |
| Camarilla | 276.52 | 278.65 | 280.77 | 282.89 | 285.01 | 287.13 | 289.26 |
| Woodie | 248.17 | 257.34 | 271.32 | 280.49 | 294.47 | 303.64 | 317.62 |
| Fibonacci | 256.54 | 265.38 | 270.84 | 279.69 | 288.53 | 293.99 | 302.84 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 218.12 | 237.43 | 261.12 | 280.43 | 304.12 | 323.43 | 347.12 |
| Camarilla | 272.99 | 276.93 | 280.87 | 284.81 | 288.75 | 292.69 | 296.64 |
| Woodie | 220.31 | 238.53 | 263.31 | 281.53 | 306.31 | 324.53 | 349.31 |
| Fibonacci | 237.43 | 253.86 | 264.00 | 280.43 | 296.86 | 307.00 | 323.43 |
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): | 52.22 | |
| MACD (12,26,9): | 0.6900 | |
| Directional Movement: | 7.58 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 285.75 | |
| Parabolic SAR (0,02-0,02-0,2): | 284.30 | |
| Elder Ray (13): | -0.09 | |
| Super Trend (3,10): | 281.67 | |
| Zig ZAG (10): | 285.09 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 52.57 | |
| TEMA (21): | 286.07 | |
| Williams %R (14): | -57.95 | |
| Chande Momentum Oscillator (20): | -0.27 | |
| Repulse (5,40,3): | -0.3000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 1.18 |
| MA7: | 282.21 | |
| MA20: | 276.27 | |
| MA50: | 283.52 | |
| MA100: | 274.25 | |
| MAexp7: | 285.43 | |
| MAexp20: | 284.79 | |
| MAexp50: | 283.83 | |
| MAexp100: | 282.71 | |
| Price / MA7: | +1.08% | |
| Price / MA20: | +3.25% | |
| Price / MA50: | +0.61% | |
| Price / MA100: | +4.01% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | +0.16% | |
| Price / MAexp50: | +0.50% | |
| Price / MAexp100: | +0.90% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis BINANCE COIN - BNB/USDT - 1H