BINANCE COIN - BNB/USDT - 1H - Technical analysis published on 10/28/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
61%
0%
39%
My opinion
Bullish above 284.90 USDT
My targets
289.77 USDT (+0.70%)
293.23 USDT (+1.90%)
My analysis
A bullish trend on BINANCE COIN - BNB/USDT both in substance and in the short term. A purchase could be considered as long as the price remains above 284.90 USDT. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 289.77 USDT. Then the price could move towards 293.23 USDT. Then 296.14 USDT by extension. Be careful, a return below 284.90 USDT would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
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
5.2
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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 287.75 USDT. The price has increased by +0.35% since the last closing with the lowest point at 285.86 USDT and the highest point at 288.22 USDT. The deviation from the price is +0.66% for the low point and -0.16% for the high point.285.86
288.22
287.75
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 bullish. 71.43% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. 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. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
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:
Three white soldiers
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 268.97 | 277.19 | 284.90 | 287.75 | 289.77 | 293.23 | 296.14 |
| Change (%) | -6.53% | -3.67% | -0.99% | - | +0.70% | +1.90% | +2.92% |
| Change | -18.78 | -10.56 | -2.85 | - | +2.02 | +5.48 | +8.39 |
| Level | Major | Minor | Minor | - | Minor | Intermediate | Major |
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 | 275.07 | 279.98 | 283.40 | 288.31 | 291.73 | 296.64 | 300.06 |
| Camarilla | 284.52 | 285.28 | 286.05 | 286.81 | 287.57 | 288.34 | 289.10 |
| Woodie | 274.32 | 279.61 | 282.65 | 287.94 | 290.98 | 296.27 | 299.31 |
| Fibonacci | 279.98 | 283.17 | 285.13 | 288.31 | 291.50 | 293.46 | 296.64 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 252.40 | 258.17 | 264.34 | 270.11 | 276.28 | 282.05 | 288.22 |
| Camarilla | 267.22 | 268.31 | 269.41 | 270.50 | 271.60 | 272.69 | 273.78 |
| Woodie | 252.59 | 258.27 | 264.53 | 270.21 | 276.47 | 282.15 | 288.41 |
| Fibonacci | 258.17 | 262.73 | 265.55 | 270.11 | 274.67 | 277.49 | 282.05 |
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): | 50.96 | |
| MACD (12,26,9): | -0.2500 | |
| Directional Movement: | -7.66 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 286.94 | |
| Parabolic SAR (0,02-0,02-0,2): | 285.45 | |
| Elder Ray (13): | -0.34 | |
| Super Trend (3,10): | 290.57 | |
| Zig ZAG (10): | 287.63 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 69.66 | |
| TEMA (21): | 286.64 | |
| Williams %R (14): | -19.01 | |
| Chande Momentum Oscillator (20): | 0.93 | |
| Repulse (5,40,3): | 0.7100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.08 |
| MA7: | 281.36 | |
| MA20: | 275.15 | |
| MA50: | 278.46 | |
| MA100: | 284.75 | |
| MAexp7: | 287.14 | |
| MAexp20: | 287.30 | |
| MAexp50: | 286.88 | |
| MAexp100: | 284.12 | |
| Price / MA7: | +2.27% | |
| Price / MA20: | +4.58% | |
| Price / MA50: | +3.34% | |
| Price / MA100: | +1.05% | |
| Price / MAexp7: | +0.21% | |
| Price / MAexp20: | +0.16% | |
| Price / MAexp50: | +0.30% | |
| Price / MAexp100: | +1.28% |
Quotes :
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Real time data
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Cryptocompare
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