BINANCE COIN - BNB/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	BNBUSDT
ISIN:

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

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

17%

50%

33%

My opinion

Bearish under 262.08 USDT

My targets

197.19 USDT (-19.73%)

193.85 USDT (-21.09%)

My analysis

BINANCE COIN - BNB/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 262.08 USDT. The next support located at 197.19 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 193.85 USDT. Below this support, sellers could then target 29.23 USDT.

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

5.7

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 245.65 USDT. The price is lower by -0.21% over the 5 days and has been traded over the last 5 days between 241.41 USDT and 247.90 USDT. This implies that the 5 day price is +1.76% from its lowest point and -0.91% from its highest point.

241.41

247.90

245.65

A study of price movements over other periods shows the following variations:

Technical

Technical analysis of this Weekly chart of BINANCE COIN - BNB/USDT indicates that the overall trend is bearish. The signals given by moving averages are 78.57% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further decline is low given the direction of the technical indicators.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.

The analysis of the price chart with Central Patterns scanners does not return any result.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	29.23	197.19	245.65	262.08	355.42	450.23
Change (%)	-88.10%	-19.73%	-	+6.69%	+44.69%	+83.28%
Change	-216.42	-48.46	-	+16.43	+109.77	+204.58
Level	Minor	Major	-	Intermediate	Major	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	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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	41.28
MACD (12,26,9):	-14.9000
Directional Movement:	-8.95
AROON (14):	-35.71
DEMA (21):	259.66
Parabolic SAR (0,02-0,02-0,2):	359.56
Elder Ray (13):	-29.77
Super Trend (3,10):	356.75
Zig ZAG (10):	243.46
VORTEX (21):	0.9600
Stochastique (14,3,5):	14.95
TEMA (21):	264.67
Williams %R (14):	-86.65
Chande Momentum Oscillator (20):	-34.79
Repulse (5,40,3):	-8.5400
ROCnROLL:	2
TRIX (15,9):	-0.6100
Courbe Coppock:	9.18

MA7:	244.82
MA20:	257.63
MA50:	275.29
MA100:	281.67
MAexp7:	264.33
MAexp20:	280.42
MAexp50:	308.76
MAexp100:	297.20
Price / MA7:	+0.34%
Price / MA20:	-4.65%
Price / MA50:	-10.77%
Price / MA100:	-12.79%
Price / MAexp7:	-7.07%
Price / MAexp20:	-12.40%
Price / MAexp50:	-20.44%
Price / MAexp100:	-17.35%

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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