BINANCE COIN - BNB/USDT - Weekly - Technical analysis published on 12/13/2022 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
39%
44%
My opinion
Bearish under 329.27 USDT
My targets
197.19 USDT (-26.58%)
90.95 USDT (-66.13%)
My analysis
In the short term, we can see an acceleration in the bearish trend on BINANCE COIN - BNB/USDT, which is a positive signal for sellers. As long as the price remains above 329.27 USDT, a sale could be considered. The first bearish objective is located at 197.19 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 90.95 USDT as an objective. Crossing it would then enable sellers to target 29.23 USDT. If the price were to return above 329.27 USDT, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
5.4
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Additional analysis
Quotes
The BINANCE COIN - BNB/USDT rating is 268.56 USDT. Over 5 days, this instrument lost -5.47% and has been traded over the last 5 days between 255.94 USDT and 291.77 USDT. This implies that the 5 day price is +4.93% from its lowest point and -7.95% from its highest point.255.94
291.77
268.56
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BINANCE COIN - BNB/USDT:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Weekly chart of BINANCE COIN - BNB/USDT indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of triangle
Type : Bullish
Timeframe : Weekly
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 29.23 | 197.19 | 262.08 | 268.56 | 329.27 | 450.23 | 504.45 |
| Change (%) | -89.12% | -26.58% | -2.41% | - | +22.61% | +67.65% | +87.84% |
| Change | -239.33 | -71.37 | -6.48 | - | +60.71 | +181.67 | +235.89 |
| Level | Minor | Major | Major | - | 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 | 256.86 | 264.58 | 270.30 | 278.02 | 283.74 | 291.46 | 297.18 |
| Camarilla | 272.33 | 273.57 | 274.80 | 276.03 | 277.26 | 278.49 | 279.73 |
| Woodie | 255.87 | 264.08 | 269.31 | 277.52 | 282.75 | 290.96 | 296.19 |
| Fibonacci | 264.58 | 269.71 | 272.88 | 278.02 | 283.15 | 286.32 | 291.46 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 265.11 | 273.30 | 280.69 | 288.88 | 296.27 | 304.46 | 311.85 |
| Camarilla | 283.81 | 285.23 | 286.66 | 288.09 | 289.52 | 290.95 | 292.38 |
| Woodie | 264.72 | 273.10 | 280.30 | 288.68 | 295.88 | 304.26 | 311.46 |
| Fibonacci | 273.30 | 279.25 | 282.93 | 288.88 | 294.83 | 298.51 | 304.46 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 90.95 | 170.54 | 235.40 | 314.99 | 379.85 | 459.44 | 524.30 |
| Camarilla | 260.55 | 273.79 | 287.03 | 300.27 | 313.51 | 326.75 | 339.99 |
| Woodie | 83.60 | 166.86 | 228.05 | 311.31 | 372.50 | 455.76 | 516.95 |
| Fibonacci | 170.54 | 225.72 | 259.81 | 314.99 | 370.17 | 404.26 | 459.44 |
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): | 45.17 | |
| MACD (12,26,9): | -9.2800 | |
| Directional Movement: | -3.82 | |
| AROON (14): | -14.28 | |
| DEMA (21): | 274.64 | |
| Parabolic SAR (0,02-0,02-0,2): | 377.92 | |
| Elder Ray (13): | -15.97 | |
| Super Trend (3,10): | 372.16 | |
| Zig ZAG (10): | 270.51 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 22.32 | |
| TEMA (21): | 286.04 | |
| Williams %R (14): | -85.84 | |
| Chande Momentum Oscillator (20): | -3.63 | |
| Repulse (5,40,3): | -8.5000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.6000 | |
| Courbe Coppock: | 1.13 |
| MA7: | 282.49 | |
| MA20: | 291.50 | |
| MA50: | 295.18 | |
| MA100: | 286.32 | |
| MAexp7: | 284.68 | |
| MAexp20: | 290.41 | |
| MAexp50: | 314.95 | |
| MAexp100: | 299.77 | |
| Price / MA7: | -4.93% | |
| Price / MA20: | -7.87% | |
| Price / MA50: | -9.02% | |
| Price / MA100: | -6.20% | |
| Price / MAexp7: | -5.66% | |
| Price / MAexp20: | -7.52% | |
| Price / MAexp50: | -14.73% | |
| Price / MAexp100: | -10.41% |
Quotes :
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Real time data
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Cryptocompare
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