BINANCE COIN - BNB/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	BNBUSDT
ISIN:

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

7.5

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 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

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 - Cryptocompare

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

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