BINANCE COIN - BNB/USDT - Daily - Technical analysis published on 12/29/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
56%
33%
My opinion
Bearish under 262.08 USDT
My targets
230.94 USDT (-6.09%)
197.19 USDT (-19.81%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BINANCE COIN - BNB/USDT as long as the price remains well below 262.08 USDT. The sellers' bearish objective is set at 230.94 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 197.19 USDT. In case of crossing, the next objective would be the support located at 29.23 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.5
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Additional analysis
Quotes
The BINANCE COIN - BNB/USDT price is 245.91 USDT. On the day, this instrument gained +0.66% with the lowest point at 243.22 USDT and the highest point at 246.65 USDT. The deviation from the price is +1.11% for the low point and -0.30% for the high point.243.22
246.65
245.91
Here is a more detailed summary of the historical variations registered by BINANCE COIN - BNB/USDT:
Technical
Technical analysis of this Daily chart of BINANCE COIN - BNB/USDT indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bearish. The Central Indicators scanner found no further results concerning independent technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 197.19 | 230.94 | 244.28 | 245.91 | 262.08 | 311.21 | 328.81 |
Change (%) | -19.81% | -6.09% | -0.66% | - | +6.58% | +26.55% | +33.71% |
Change | -48.72 | -14.97 | -1.63 | - | +16.17 | +65.30 | +82.90 |
Level | Major | Intermediate | Major | - | Intermediate | Minor | Intermediate |
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 | 236.74 | 239.33 | 241.82 | 244.41 | 246.90 | 249.49 | 251.98 |
Camarilla | 242.90 | 243.37 | 243.83 | 244.30 | 244.77 | 245.23 | 245.70 |
Woodie | 236.68 | 239.31 | 241.76 | 244.39 | 246.84 | 249.47 | 251.92 |
Fibonacci | 239.33 | 241.27 | 242.47 | 244.41 | 246.35 | 247.55 | 249.49 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 221.19 | 229.39 | 236.95 | 245.15 | 252.71 | 260.91 | 268.47 |
Camarilla | 240.19 | 241.63 | 243.08 | 244.52 | 245.97 | 247.41 | 248.85 |
Woodie | 220.88 | 229.23 | 236.64 | 244.99 | 252.40 | 260.75 | 268.16 |
Fibonacci | 229.39 | 235.41 | 239.13 | 245.15 | 251.17 | 254.89 | 260.91 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 193.85 | 221.98 | 261.13 | 289.26 | 328.41 | 356.54 | 395.69 |
Camarilla | 281.77 | 287.94 | 294.10 | 300.27 | 306.44 | 312.61 | 318.77 |
Woodie | 199.35 | 224.74 | 266.63 | 292.02 | 333.91 | 359.30 | 401.19 |
Fibonacci | 221.98 | 247.68 | 263.56 | 289.26 | 314.96 | 330.84 | 356.54 |
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): | 38.09 | |
MACD (12,26,9): | -11.1300 | |
Directional Movement: | -21.71 | |
AROON (14): | -28.57 | |
DEMA (21): | 241.30 | |
Parabolic SAR (0,02-0,02-0,2): | 249.85 | |
Elder Ray (13): | -6.20 | |
Super Trend (3,10): | 271.73 | |
Zig ZAG (10): | 243.67 | |
VORTEX (21): | 0.8100 | |
Stochastique (14,3,5): | 38.31 | |
TEMA (21): | 236.69 | |
Williams %R (14): | -59.55 | |
Chande Momentum Oscillator (20): | -14.84 | |
Repulse (5,40,3): | -0.1400 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.5900 | |
Courbe Coppock: | 20.79 |
MA7: | 244.82 | |
MA20: | 257.63 | |
MA50: | 275.29 | |
MA100: | 281.67 | |
MAexp7: | 245.34 | |
MAexp20: | 255.88 | |
MAexp50: | 270.66 | |
MAexp100: | 278.83 | |
Price / MA7: | +0.45% | |
Price / MA20: | -4.55% | |
Price / MA50: | -10.67% | |
Price / MA100: | -12.70% | |
Price / MAexp7: | +0.23% | |
Price / MAexp20: | -3.90% | |
Price / MAexp50: | -9.14% | |
Price / MAexp100: | -11.81% |
Quotes :
-
Real time data
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Cryptocompare
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