BINANCE COIN - BNB/USDT
BINANCE COIN - BNB/USDT
- USDT (-)
- Real time data - Cryptocompare
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Type: Cryptocurrencies
Ticker: BNBUSDT
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BINANCE COIN - BNB/USDT - 1H - Technical analysis published on 10/18/2022 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Slightly bearish
Technical indicators
28%
56%
17%
My opinion
Bearish under 276.75 USDT
My targets
267.65 USDT (-1.85%)
263.03 USDT (-3.54%)
My analysis
The strong short-term decline of BINANCE COIN - BNB/USDT reinforces the current slightly bearish trend. As long as the price remains below 276.75 USDT, you could take advantage of this bearish acceleration. The first bearish objective is located at 267.65 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 263.03 USDT as an objective. Crossing it would then enable sellers to target 257.49 USDT. A return to above 276.75 USDT would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
3.4

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 Beba1123. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

BINANCE COIN - BNB/USDT rating 272.69 USDT. The price is lower by -1.08% since the last closing with the lowest point at 271.24 USDT and the highest point at 275.97 USDT. The deviation from the price is +0.53% for the low point and -1.19% for the high point.

271.24
275.97
272.69

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by BINANCE COIN - BNB/USDT:

Technical


A technical analysis in 1H of this BINANCE COIN - BNB/USDT chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



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:

Central Patterns

Support of channel is broken

Type : Bearish

Timeframe : 1 hour



For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 263.03 267.65 271.35 272.69 273.81 276.75 279.12
Change (%) -3.54% -1.85% -0.49% - +0.41% +1.49% +2.36%
Change -9.66 -5.04 -1.34 - +1.12 +4.06 +6.43
Level Major Intermediate Minor - Intermediate Major Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard265.86267.91271.79273.84277.72279.77283.65
Camarilla274.04274.58275.13275.67276.21276.76277.30
Woodie266.78268.37272.71274.30278.64280.23284.57
Fibonacci267.91270.18271.58273.84276.11277.51279.77


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard235.34246.42257.27268.35279.20290.28301.13
Camarilla262.10264.11266.12268.13270.14272.15274.16
Woodie235.24246.36257.17268.29279.10290.22301.03
Fibonacci246.42254.79259.97268.35276.72281.90290.28


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard218.12237.43261.12280.43304.12323.43347.12
Camarilla272.99276.93280.87284.81288.75292.69296.64
Woodie220.31238.53263.31281.53306.31324.53349.31
Fibonacci237.43253.86264.00280.43296.86307.00323.43

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): 40.21
MACD (12,26,9): -0.2800
Directional Movement: -12.67
AROON (14): -85.72
DEMA (21): 273.17
Parabolic SAR (0,02-0,02-0,2): 274.26
Elder Ray (13): -1.13
Super Trend (3,10): 275.34
Zig ZAG (10): 271.81
VORTEX (21): 0.8700
Stochastique (14,3,5): 21.09
TEMA (21): 272.52
Williams %R (14): -75.19
Chande Momentum Oscillator (20): -2.13
Repulse (5,40,3): -0.0700
ROCnROLL: 2
TRIX (15,9): 0.0000
Courbe Coppock: 1.33
MA7: 271.58
MA20: 279.05
MA50: 278.27
MA100: 281.36
MAexp7: 272.88
MAexp20: 273.35
MAexp50: 272.98
MAexp100: 272.43
Price / MA7: +0.41%
Price / MA20: -2.28%
Price / MA50: -2.01%
Price / MA100: -3.08%
Price / MAexp7: -0.07%
Price / MAexp20: -0.24%
Price / MAexp50: -0.11%
Price / MAexp100: +0.10%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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