BINANCE COIN - BNB/USDT - 1H - Technical analysis published on 10/30/2022 (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:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
0%
39%
My opinion
Bullish above 300.86 USDT
My targets
318.80 USDT (+2.61%)
329.65 USDT (+6.10%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BINANCE COIN - BNB/USDT as long as the price remains well above 300.86 USDT. The buyers' bullish objective is set at 318.80 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 329.65 USDT. If there is any crossing, the next objective would be the resistance located at 377.22 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8
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Additional analysis
Quotes
The BINANCE COIN - BNB/USDT price is 310.69 USDT. On the day, this instrument gained +2.06% and was between 302.37 USDT and 318.51 USDT. This implies that the price is at +2.75% from its lowest and at -2.46% from its highest.302.37
318.51
310.69
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of BINANCE COIN - BNB/USDT in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Moving Average bearish crossovers : AMA20 & AMA50
Type : Bearish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 293.23 | 296.14 | 300.86 | 310.69 | 329.65 | 377.22 | 407.02 |
| Change (%) | -5.62% | -4.68% | -3.16% | - | +6.10% | +21.41% | +31.01% |
| Change | -17.46 | -14.55 | -9.83 | - | +18.96 | +66.53 | +96.33 |
| Level | Minor | Major | 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 | 284.97 | 290.38 | 297.40 | 302.81 | 309.83 | 315.24 | 322.26 |
| Camarilla | 301.00 | 302.14 | 303.28 | 304.42 | 305.56 | 306.70 | 307.84 |
| Woodie | 285.78 | 290.78 | 298.21 | 303.21 | 310.64 | 315.64 | 323.07 |
| Fibonacci | 290.38 | 295.13 | 298.06 | 302.81 | 307.56 | 310.49 | 315.24 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 240.10 | 254.49 | 279.45 | 293.84 | 318.80 | 333.19 | 358.15 |
| Camarilla | 293.60 | 297.21 | 300.81 | 304.42 | 308.03 | 311.63 | 315.24 |
| Woodie | 245.40 | 257.13 | 284.75 | 296.48 | 324.10 | 335.83 | 363.45 |
| Fibonacci | 254.49 | 269.52 | 278.81 | 293.84 | 308.87 | 318.16 | 333.19 |
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 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): | 59.85 | |
| MACD (12,26,9): | 2.4900 | |
| Directional Movement: | 15.80 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 311.55 | |
| Parabolic SAR (0,02-0,02-0,2): | 307.03 | |
| Elder Ray (13): | 1.87 | |
| Super Trend (3,10): | 304.65 | |
| Zig ZAG (10): | 311.56 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 50.73 | |
| TEMA (21): | 311.74 | |
| Williams %R (14): | -41.88 | |
| Chande Momentum Oscillator (20): | 4.12 | |
| Repulse (5,40,3): | 0.9100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1200 | |
| Courbe Coppock: | 4.37 |
| MA7: | 292.77 | |
| MA20: | 278.96 | |
| MA50: | 279.18 | |
| MA100: | 285.73 | |
| MAexp7: | 310.48 | |
| MAexp20: | 308.15 | |
| MAexp50: | 303.28 | |
| MAexp100: | 297.08 | |
| Price / MA7: | +6.12% | |
| Price / MA20: | +11.37% | |
| Price / MA50: | +11.29% | |
| Price / MA100: | +8.74% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.82% | |
| Price / MAexp50: | +2.44% | |
| Price / MAexp100: | +4.58% |
Quotes :
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Real time data
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Cryptocompare
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