BINANCE COIN - BNB/USDT - 1H - Technical analysis published on 10/31/2022 (GMT)
- 165
- 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
67%
6%
28%
My opinion
Bullish above 318.80 USDT
My targets
329.65 USDT (+1.76%)
358.15 USDT (+10.56%)
My analysis
The bullish trend is currently very strong on BINANCE COIN - BNB/USDT. As long as the price remains above the support at 318.80 USDT, you could try to benefit from the boom. The first bullish objective is located at 329.65 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 358.15 USDT as an objective. Crossing it would then enable buyers to target 377.22 USDT. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. 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
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 rating is 323.95 USDT. On the day, this instrument gained +3.29% with the lowest point at 306.88 USDT and the highest point at 337.44 USDT. The deviation from the price is +5.56% for the low point and -4.00% for the high point.306.88
337.44
323.95
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
A study of price movements over other periods shows the following variations:
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 does not detect any result on moving averages that would impact this trend.
In fact, 12 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Black hanging man / hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 293.23 | 296.14 | 300.86 | 323.95 | 329.65 | 377.22 | 407.02 |
| Change (%) | -9.48% | -8.58% | -7.13% | - | +1.76% | +16.44% | +25.64% |
| Change | -30.72 | -27.81 | -23.09 | - | +5.70 | +53.27 | +83.07 |
| Level | Minor | Major | Intermediate | - | Major | Minor | Minor |
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 | 288.35 | 295.36 | 304.49 | 311.50 | 320.63 | 327.64 | 336.77 |
| Camarilla | 309.18 | 310.66 | 312.14 | 313.62 | 315.10 | 316.58 | 318.06 |
| Woodie | 289.41 | 295.89 | 305.55 | 312.03 | 321.69 | 328.17 | 337.83 |
| Fibonacci | 295.36 | 301.53 | 305.34 | 311.50 | 317.67 | 321.48 | 327.64 |
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): | 63.76 | |
| MACD (12,26,9): | 4.8600 | |
| Directional Movement: | 22.34 | |
| AROON (14): | 71.42 | |
| DEMA (21): | 324.41 | |
| Parabolic SAR (0,02-0,02-0,2): | 313.93 | |
| Elder Ray (13): | 5.96 | |
| Super Trend (3,10): | 320.28 | |
| Zig ZAG (10): | 325.11 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 68.64 | |
| TEMA (21): | 326.58 | |
| Williams %R (14): | -42.51 | |
| Chande Momentum Oscillator (20): | 14.81 | |
| Repulse (5,40,3): | -2.1700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1500 | |
| Courbe Coppock: | 7.87 |
| MA7: | 300.29 | |
| MA20: | 281.81 | |
| MA50: | 279.84 | |
| MA100: | 286.42 | |
| MAexp7: | 324.67 | |
| MAexp20: | 318.72 | |
| MAexp50: | 311.95 | |
| MAexp100: | 304.40 | |
| Price / MA7: | +7.88% | |
| Price / MA20: | +14.95% | |
| Price / MA50: | +15.76% | |
| Price / MA100: | +13.10% | |
| Price / MAexp7: | -0.22% | |
| Price / MAexp20: | +1.64% | |
| Price / MAexp50: | +3.85% | |
| Price / MAexp100: | +6.42% |
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