BINANCE COIN - BNB/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	BNBUSDT
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BINANCE COIN - BNB/USDT - Daily - Technical analysis published on 04/19/2024 (GMT)

Londinia

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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

2.3

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 mh572. Take part yourself by sharing additional analysis on another time unit:

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

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 : - Real time data - Cryptocompare

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

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