BINANCE COIN - BNB/USDT - 1H - Technical analysis published on 03/07/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 450.23 USDT
My targets
482.11 USDT (+2.49%)
504.45 USDT (+7.24%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BINANCE COIN - BNB/USDT as long as the price remains well above 450.23 USDT. The buyers' bullish objective is set at 482.11 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 504.45 USDT. If there is any crossing, the next objective would be the resistance located at 653.97 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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This analysis was given by Medhanie. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BINANCE COIN - BNB/USDT price is 470.39 USDT. The price has increased by +9.55% since the last closing and was traded between 423.30 USDT and 473.50 USDT over the period. The price is currently at +11.12% from its lowest and -0.66% from its highest.423.30
473.50
470.39
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this BINANCE COIN - BNB/USDT chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 427.22 | 434.68 | 450.23 | 470.39 | 504.45 | 653.97 |
| Change (%) | -9.18% | -7.59% | -4.29% | - | +7.24% | +39.03% |
| Change | -43.17 | -35.71 | -20.16 | - | +34.06 | +183.58 |
| Level | Intermediate | Minor | Minor | - | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 349.38 | 367.50 | 398.44 | 416.56 | 447.50 | 465.62 | 496.56 |
| Camarilla | 415.89 | 420.39 | 424.88 | 429.38 | 433.88 | 438.37 | 442.87 |
| Woodie | 355.79 | 370.71 | 404.85 | 419.77 | 453.91 | 468.83 | 502.97 |
| Fibonacci | 367.50 | 386.24 | 397.82 | 416.56 | 435.30 | 446.88 | 465.62 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 334.12 | 356.02 | 383.45 | 405.35 | 432.78 | 454.68 | 482.11 |
| Camarilla | 397.32 | 401.85 | 406.37 | 410.89 | 415.41 | 419.93 | 424.46 |
| Woodie | 336.90 | 357.40 | 386.23 | 406.73 | 435.56 | 456.06 | 484.89 |
| Fibonacci | 356.02 | 374.86 | 386.50 | 405.35 | 424.19 | 435.83 | 454.68 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 190.65 | 243.53 | 321.47 | 374.35 | 452.29 | 505.17 | 583.11 |
| Camarilla | 363.43 | 375.42 | 387.41 | 399.40 | 411.39 | 423.38 | 435.38 |
| Woodie | 203.17 | 249.80 | 333.99 | 380.62 | 464.81 | 511.44 | 595.63 |
| Fibonacci | 243.53 | 293.51 | 324.38 | 374.35 | 424.33 | 455.20 | 505.17 |
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): | 84.95 | |
| MACD (12,26,9): | 12.1100 | |
| Directional Movement: | 39.08 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 462.97 | |
| Parabolic SAR (0,02-0,02-0,2): | 455.55 | |
| Elder Ray (13): | 16.33 | |
| Super Trend (3,10): | 454.22 | |
| Zig ZAG (10): | 469.70 | |
| VORTEX (21): | 1.3700 | |
| Stochastique (14,3,5): | 97.06 | |
| TEMA (21): | 468.79 | |
| Williams %R (14): | -9.09 | |
| Chande Momentum Oscillator (20): | 36.60 | |
| Repulse (5,40,3): | 1.8700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3200 | |
| Courbe Coppock: | 14.96 |
| MA7: | 420.63 | |
| MA20: | 393.67 | |
| MA50: | 345.27 | |
| MA100: | 310.21 | |
| MAexp7: | 462.34 | |
| MAexp20: | 448.29 | |
| MAexp50: | 433.25 | |
| MAexp100: | 424.01 | |
| Price / MA7: | +11.83% | |
| Price / MA20: | +19.49% | |
| Price / MA50: | +36.24% | |
| Price / MA100: | +51.64% | |
| Price / MAexp7: | +1.74% | |
| Price / MAexp20: | +4.93% | |
| Price / MAexp50: | +8.57% | |
| Price / MAexp100: | +10.94% |
Quotes :
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Real time data
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