BINANCE COIN - BNB/USDT

- USDT (-)

- Real time data - Cryptocompare

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Change:	-
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Type:	Cryptocurrencies
Ticker:	BNBUSDT
ISIN:

BINANCE COIN - BNB/USDT - Weekly - Technical analysis published on 11/03/2022 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bullish

Underlying: Slightly bullish

Technical indicators

83%

17%

My opinion

Bullish above 263.03 USDT

My targets

386.86 USDT (+17.43%)

450.23 USDT (+36.67%)

My analysis

The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade BINANCE COIN - BNB/USDT with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 263.03 USDT. The buyers' bullish objective is set at 386.86 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 450.23 USDT. If there is any crossing, the next objective would be the resistance located at 504.45 USDT. If there is a bearish break in the support located at 263.03 USDT some indecision would arise.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

5.2

Comment on the analysis

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 329.43 USDT. Over 5 days, this instrument gained +10.60% and has been traded over the last 5 days between 302.37 USDT and 338.35 USDT. This implies that the 5 day price is +8.95% from its lowest point and -2.64% from its highest point.

302.37

338.35

329.43

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

Bullish opening

Type : Bullish

Timeframe : Openning

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

The study of the highest / lowest by the Central Records scanner shows the following result:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Weekly chart of BINANCE COIN - BNB/USDT indicates that the overall trend is slightly bullish. 60.71% of the signals given by moving averages are bullish. The overall trend remains fragile, as do the slightly bullish signals given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Weekly

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Weekly

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : Weekly

Moving Average bearish crossovers : AMA50 & AMA100

Type : Bearish

Timeframe : Weekly

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Weekly

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near horizontal resistance

Type : Bearish

Timeframe : Weekly

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	29.23	197.19	263.03	329.43	329.65	450.23	504.45
Change (%)	-91.13%	-40.14%	-20.16%	-	+0.07%	+36.67%	+53.13%
Change	-300.20	-132.24	-66.40	-	+0.22	+120.80	+175.02
Level	Minor	Major	Major	-	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	300.90	308.37	314.22	321.69	327.54	335.01	340.86
Camarilla	316.41	317.63	318.85	320.07	321.29	322.51	323.73
Woodie	300.09	307.97	313.41	321.29	326.73	334.61	340.05
Fibonacci	308.37	313.46	316.60	321.69	326.78	329.92	335.01

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	196.42	226.96	276.37	306.91	356.32	386.86	436.27
Camarilla	303.80	311.13	318.46	325.79	333.12	340.45	347.78
Woodie	205.87	231.68	285.82	311.63	365.77	391.58	445.72
Fibonacci	226.96	257.50	276.37	306.91	337.45	356.32	386.86

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):	55.28
MACD (12,26,9):	-11.2200
Directional Movement:	1.27
AROON (14):	100.00
DEMA (21):	274.00
Parabolic SAR (0,02-0,02-0,2):	262.23
Elder Ray (13):	29.35
Super Trend (3,10):	372.16
Zig ZAG (10):	329.12
VORTEX (21):	1.0700
Stochastique (14,3,5):	64.36
TEMA (21):	287.48
Williams %R (14):	-11.25
Chande Momentum Oscillator (20):	11.52
Repulse (5,40,3):	18.0800
ROCnROLL:	1
TRIX (15,9):	-1.0100
Courbe Coppock:	20.56

MA7:	316.43
MA20:	289.89
MA50:	282.30
MA100:	288.60
MAexp7:	295.71
MAexp20:	295.16
MAexp50:	323.01
MAexp100:	301.59
Price / MA7:	+4.11%
Price / MA20:	+13.64%
Price / MA50:	+16.70%
Price / MA100:	+14.15%
Price / MAexp7:	+11.40%
Price / MAexp20:	+11.61%
Price / MAexp50:	+1.99%
Price / MAexp100:	+9.23%

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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