BINANCE COIN - BNB/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	BNBUSDT
ISIN:

BINANCE COIN - BNB/USDT - 1H - Technical analysis published on 10/13/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

44%

11%

44%

My opinion

Bearish under 577.49 USDT

My targets

559.76 USDT (-1.97%)

551.67 USDT (-3.38%)

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 577.49 USDT. The next support located at 559.76 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 551.67 USDT. Below this support, sellers could then target 533.98 USDT.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

3.6

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 Jaber300. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

BINANCE COIN - BNB/USDT rating 570.99 USDT. On the day, this instrument lost -0.97% and was between 564.91 USDT and 578.48 USDT. This implies that the price is at +1.08% from its lowest and at -1.29% from its highest.

564.91

578.48

570.99

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by BINANCE COIN - BNB/USDT:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this BINANCE COIN - BNB/USDT chart shows a bearish trend. 78.57% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 1 hour

In fact, only 8 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 2

Type : Neutral

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	551.67	559.76	568.16	570.99	572.95	577.49	581.70
Change (%)	-3.38%	-1.97%	-0.50%	-	+0.34%	+1.14%	+1.88%
Change	-19.32	-11.23	-2.83	-	+1.96	+6.50	+10.71
Level	Intermediate	Minor	Intermediate	-	Minor	Intermediate	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	568.17	570.89	573.73	576.45	579.29	582.01	584.85
Camarilla	575.05	575.56	576.07	576.58	577.09	577.60	578.11
Woodie	568.24	570.92	573.80	576.48	579.36	582.04	584.92
Fibonacci	570.89	573.01	574.32	576.45	578.57	579.88	582.01

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	521.60	536.63	556.60	571.63	591.60	606.63	626.60
Camarilla	566.96	570.16	573.37	576.58	579.79	583.00	586.21
Woodie	524.08	537.87	559.08	572.87	594.08	607.87	629.08
Fibonacci	536.63	550.00	558.26	571.63	585.00	593.26	606.63

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	339.51	405.49	486.44	552.42	633.37	699.35	780.30
Camarilla	526.99	540.46	553.93	567.40	580.87	594.34	607.81
Woodie	347.01	409.23	493.94	556.16	640.87	703.09	787.80
Fibonacci	405.49	461.61	496.29	552.42	608.54	643.22	699.35

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):	46.58
MACD (12,26,9):	-1.1100
Directional Movement:	-2.83
AROON (14):	-42.86
DEMA (21):	570.08
Parabolic SAR (0,02-0,02-0,2):	566.17
Elder Ray (13):	0.20
Super Trend (3,10):	574.51
Zig ZAG (10):	570.41
VORTEX (21):	0.9200
Stochastique (14,3,5):	60.93
TEMA (21):	569.30
Williams %R (14):	-39.63
Chande Momentum Oscillator (20):	-1.59
Repulse (5,40,3):	-0.0300
ROCnROLL:	2
TRIX (15,9):	-0.0300
Courbe Coppock:	1.26

MA7:	571.51
MA20:	574.25
MA50:	553.27
MA100:	550.11
MAexp7:	570.64
MAexp20:	571.62
MAexp50:	572.58
MAexp100:	571.91
Price / MA7:	-0.09%
Price / MA20:	-0.57%
Price / MA50:	+3.20%
Price / MA100:	+3.80%
Price / MAexp7:	+0.06%
Price / MAexp20:	-0.11%
Price / MAexp50:	-0.28%
Price / MAexp100:	-0.16%

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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