BINANCE COIN - BNB/USDT - 1H - Technical analysis published on 03/11/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
39%
22%
39%
My opinion
Bullish above 504.45 USDT
My targets
535.12 USDT (+2.59%)
581.93 USDT (+11.57%)
My analysis
The basic bullish trend is very strong on BINANCE COIN - BNB/USDT but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 504.45 USDT. Crossing the first resistance at 535.12 USDT would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 581.93 USDT as an objective. Crossing it would then enable buyers to target 653.97 USDT. Caution, a return to below 504.45 USDT would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
5.9
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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 rating is 521.59 USDT. On the day, this instrument lost -1.38% and was traded between 506.31 USDT and 533.68 USDT over the period. The price is currently at +3.02% from its lowest and -2.27% from its highest.506.31
533.68
521.59
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of BINANCE COIN - BNB/USDT in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 7 are bullish, 7 are neutral and 4 are bearish. The Central Indicators scanner found this result concerning these indicators:
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 463.17 | 489.57 | 504.45 | 521.59 | 653.97 |
| Change (%) | -11.20% | -6.14% | -3.29% | - | +25.38% |
| Change | -58.42 | -32.02 | -17.14 | - | +132.38 |
| Level | Intermediate | Intermediate | 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 | 444.55 | 464.72 | 496.81 | 516.98 | 549.07 | 569.24 | 601.33 |
| Camarilla | 514.52 | 519.31 | 524.10 | 528.89 | 533.68 | 538.47 | 543.26 |
| Woodie | 450.50 | 467.70 | 502.76 | 519.96 | 555.02 | 572.22 | 607.28 |
| Fibonacci | 464.72 | 484.69 | 497.02 | 516.98 | 536.95 | 549.28 | 569.24 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 265.00 | 311.81 | 400.06 | 446.87 | 535.12 | 581.93 | 670.18 |
| Camarilla | 451.16 | 463.54 | 475.92 | 488.30 | 500.68 | 513.06 | 525.44 |
| Woodie | 285.71 | 322.17 | 420.77 | 457.23 | 555.83 | 592.29 | 690.89 |
| Fibonacci | 311.81 | 363.41 | 395.28 | 446.87 | 498.47 | 530.34 | 581.93 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 53.25 | |
| MACD (12,26,9): | 0.7100 | |
| Directional Movement: | 1.24 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 521.76 | |
| Parabolic SAR (0,02-0,02-0,2): | 530.83 | |
| Elder Ray (13): | 1.24 | |
| Super Trend (3,10): | 510.70 | |
| Zig ZAG (10): | 520.91 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 51.14 | |
| TEMA (21): | 518.68 | |
| Williams %R (14): | -44.64 | |
| Chande Momentum Oscillator (20): | -0.62 | |
| Repulse (5,40,3): | 0.3200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 1.78 |
| MA7: | 474.68 | |
| MA20: | 424.60 | |
| MA50: | 360.55 | |
| MA100: | 321.36 | |
| MAexp7: | 520.65 | |
| MAexp20: | 520.39 | |
| MAexp50: | 513.83 | |
| MAexp100: | 497.09 | |
| Price / MA7: | +9.88% | |
| Price / MA20: | +22.84% | |
| Price / MA50: | +44.67% | |
| Price / MA100: | +62.31% | |
| Price / MAexp7: | +0.18% | |
| Price / MAexp20: | +0.23% | |
| Price / MAexp50: | +1.51% | |
| Price / MAexp100: | +4.93% |
Quotes :
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Real time data
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