BINANCE COIN - BNB/USDT - Daily - Technical analysis published on 04/19/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
28%
50%
My opinion
Bullish above 507.71 USDT
My targets
633.26 USDT (+12.94%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 507.71 USDT remains possible. It is advisable to trade BINANCE COIN - BNB/USDT with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 507.71 USDT. The next bullish objective for buyers is set at 633.26 USDT. A bullish break in this resistance would boost the bullish momentum. PS: if there is a bearish break in the support located at 507.71 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.3
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Additional analysis
Quotes
BINANCE COIN - BNB/USDT rating 560.72 USDT. The price registered an increase of +1.57% on the session and was traded between 524.29 USDT and 564.27 USDT over the period. The price is currently at +6.95% from its lowest and -0.63% from its highest.524.29
564.27
560.72
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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:
Technical
A technical analysis in Daily of this BINANCE COIN - BNB/USDT chart shows a bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral 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.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 9 are neutral and 5 are bearish. The Central Indicators scanner found no further results concerning independent technical indicators.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 450.23 | 507.71 | 551.43 | 560.72 | 633.26 |
| Change (%) | -19.71% | -9.45% | -1.66% | - | +12.94% |
| Change | -110.49 | -53.01 | -9.29 | - | +72.54 |
| Level | Minor | Minor | Intermediate | - | Major |
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 | 505.32 | 516.18 | 534.12 | 544.98 | 562.92 | 573.78 | 591.72 |
| Camarilla | 544.15 | 546.79 | 549.43 | 552.07 | 554.71 | 557.35 | 559.99 |
| Woodie | 508.87 | 517.95 | 537.67 | 546.75 | 566.47 | 575.55 | 595.27 |
| Fibonacci | 516.18 | 527.18 | 533.98 | 544.98 | 555.98 | 562.78 | 573.78 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 388.89 | 453.38 | 503.26 | 567.75 | 617.63 | 682.12 | 732.00 |
| Camarilla | 521.68 | 532.16 | 542.65 | 553.13 | 563.61 | 574.10 | 584.58 |
| Woodie | 381.58 | 449.73 | 495.95 | 564.10 | 610.32 | 678.47 | 724.69 |
| Fibonacci | 453.38 | 497.07 | 524.06 | 567.75 | 611.44 | 638.43 | 682.12 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 148.78 | 253.70 | 430.20 | 535.12 | 711.62 | 816.54 | 993.04 |
| Camarilla | 529.30 | 555.10 | 580.89 | 606.69 | 632.49 | 658.28 | 684.08 |
| Woodie | 184.56 | 271.60 | 465.98 | 553.02 | 747.40 | 834.44 | 1,028.82 |
| Fibonacci | 253.70 | 361.21 | 427.62 | 535.12 | 642.63 | 709.04 | 816.54 |
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): | 49.58 | |
| MACD (12,26,9): | 0.3300 | |
| Directional Movement: | -4.38 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 570.65 | |
| Parabolic SAR (0,02-0,02-0,2): | 616.68 | |
| Elder Ray (13): | -18.92 | |
| Super Trend (3,10): | 521.73 | |
| Zig ZAG (10): | 559.90 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 30.22 | |
| TEMA (21): | 549.33 | |
| Williams %R (14): | -60.27 | |
| Chande Momentum Oscillator (20): | -23.80 | |
| Repulse (5,40,3): | 6.4500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1800 | |
| Courbe Coppock: | 8.25 |
| MA7: | 550.86 | |
| MA20: | 573.03 | |
| MA50: | 547.47 | |
| MA100: | 438.39 | |
| MAexp7: | 556.42 | |
| MAexp20: | 564.96 | |
| MAexp50: | 531.86 | |
| MAexp100: | 464.89 | |
| Price / MA7: | +1.79% | |
| Price / MA20: | -2.15% | |
| Price / MA50: | +2.42% | |
| Price / MA100: | +27.90% | |
| Price / MAexp7: | +0.79% | |
| Price / MAexp20: | -0.74% | |
| Price / MAexp50: | +5.44% | |
| Price / MAexp100: | +20.63% |
Quotes :
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Real time data
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