BINANCE COIN - BNB/USD - Weekly - Technical analysis published on 09/15/2023 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 230.80 USD
My targets
197.12 USD (-7.23%)
177.67 USD (-16.38%)
My analysis
BINANCE COIN - BNB/USD 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 230.80 USD. The next support located at 197.12 USD 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 177.67 USD. Below this support, sellers could then target 151.90 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7.1
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This analysis was given by Henry07. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BINANCE COIN - BNB/USD price is 212.48 USD. The price registered a decrease of -0.79% over 5 days and was traded between 204.06 USD and 213.90 USD over the period. The price is currently at +4.13% from its lowest point and -0.66% from its highest point.204.06
213.90
212.48
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Weekly chart of BINANCE COIN - BNB/USD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 212.48 | 230.80 | 355.55 | 450.23 |
| Change (%) | - | +8.62% | +67.33% | +111.89% |
| Change | - | +18.32 | +143.07 | +237.75 |
| Level | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 206.73 | 208.96 | 210.63 | 212.86 | 214.53 | 216.76 | 218.43 |
| Camarilla | 211.24 | 211.60 | 211.95 | 212.31 | 212.67 | 213.03 | 213.38 |
| Woodie | 206.46 | 208.82 | 210.36 | 212.72 | 214.26 | 216.62 | 218.16 |
| Fibonacci | 208.96 | 210.45 | 211.37 | 212.86 | 214.35 | 215.27 | 216.76 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 204.57 | 208.26 | 211.22 | 214.91 | 217.87 | 221.56 | 224.52 |
| Camarilla | 212.35 | 212.96 | 213.57 | 214.18 | 214.79 | 215.40 | 216.01 |
| Woodie | 204.21 | 208.08 | 210.86 | 214.73 | 217.51 | 221.38 | 224.16 |
| Fibonacci | 208.26 | 210.80 | 212.37 | 214.91 | 217.45 | 219.02 | 221.56 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 151.90 | 177.67 | 197.12 | 222.89 | 242.34 | 268.11 | 287.56 |
| Camarilla | 204.14 | 208.28 | 212.43 | 216.57 | 220.72 | 224.86 | 229.01 |
| Woodie | 148.74 | 176.09 | 193.96 | 221.31 | 239.18 | 266.53 | 284.40 |
| Fibonacci | 177.67 | 194.94 | 205.62 | 222.89 | 240.16 | 250.84 | 268.11 |
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): | 32.70 | |
| MACD (12,26,9): | -22.4600 | |
| Directional Movement: | -11.74 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 219.21 | |
| Parabolic SAR (0,02-0,02-0,2): | 256.15 | |
| Elder Ray (13): | -24.77 | |
| Super Trend (3,10): | 276.91 | |
| Zig ZAG (10): | 212.54 | |
| VORTEX (21): | 0.7800 | |
| Stochastique (14,3,5): | 15.04 | |
| TEMA (21): | 206.54 | |
| Williams %R (14): | -80.01 | |
| Chande Momentum Oscillator (20): | -26.37 | |
| Repulse (5,40,3): | -3.5400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.9600 | |
| Courbe Coppock: | 42.05 |
| MA7: | 211.50 | |
| MA20: | 215.19 | |
| MA50: | 225.74 | |
| MA100: | 233.88 | |
| MAexp7: | 221.80 | |
| MAexp20: | 246.72 | |
| MAexp50: | 275.63 | |
| MAexp100: | 284.86 | |
| Price / MA7: | +0.46% | |
| Price / MA20: | -1.26% | |
| Price / MA50: | -5.87% | |
| Price / MA100: | -9.15% | |
| Price / MAexp7: | -4.20% | |
| Price / MAexp20: | -13.88% | |
| Price / MAexp50: | -22.91% | |
| Price / MAexp100: | -25.41% |
Quotes :
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Real time data
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