BINANCE COIN - BNB/USDT
BINANCE COIN - BNB/USDT
- USDT (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
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High / Low range: -
Type: Cryptocurrencies
Ticker: BNBUSDT
ISIN:

BINANCE COIN - BNB/USDT - Daily - Technical analysis published on 12/29/2022 (GMT)

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  • Timeframe : Daily
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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

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:
15 min. 1H Weekly

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


S3S2S1PriceR1R2R3
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
Standard236.74239.33241.82244.41246.90249.49251.98
Camarilla242.90243.37243.83244.30244.77245.23245.70
Woodie236.68239.31241.76244.39246.84249.47251.92
Fibonacci239.33241.27242.47244.41246.35247.55249.49


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard221.19229.39236.95245.15252.71260.91268.47
Camarilla240.19241.63243.08244.52245.97247.41248.85
Woodie220.88229.23236.64244.99252.40260.75268.16
Fibonacci229.39235.41239.13245.15251.17254.89260.91


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard193.85221.98261.13289.26328.41356.54395.69
Camarilla281.77287.94294.10300.27306.44312.61318.77
Woodie199.35224.74266.63292.02333.91359.30401.19
Fibonacci221.98247.68263.56289.26314.96330.84356.54

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 - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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