BINANCE COIN - BNB/USD - 1H - Technical analysis published on 09/23/2023 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 213.55 USD
My targets
209.24 USD (-0.82%)
206.13 USD (-2.29%)
My analysis
The basic trend is bearish on BINANCE COIN - BNB/USD and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 213.55 USD. Buyers would then use the next resistance located at 215.14 USD as an objective. Crossing it would then enable buyers to target 216.75 USD. If there is a return to below the support located at 209.24 USD, this would be a sign of a reversal in the basic bearish trend.
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
0
10
0.9
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Additional analysis
Quotes
BINANCE COIN - BNB/USD rating 210.97 USD. On the day, this instrument lost -0.05% and was traded between 210.00 USD and 211.60 USD over the period. The price is currently at +0.46% from its lowest and -0.30% from its highest.210.00
211.60
210.97
Here is a more detailed summary of the historical variations registered by BINANCE COIN - BNB/USD:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of BINANCE COIN - BNB/USD in 1H shows an overall bearish trend. The signals given by moving averages are at 71.43% bearish. This bearish trend could slow down given the slightly bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
In fact, only 9 technical indicators out of 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
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
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 206.13 | 209.24 | 210.97 | 210.99 | 213.55 | 215.14 |
| Change (%) | -2.29% | -0.82% | - | +0.01% | +1.22% | +1.98% |
| Change | -4.84 | -1.73 | - | +0.02 | +2.58 | +4.17 |
| Level | Intermediate | Intermediate | - | Minor | 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 | 207.55 | 208.67 | 209.88 | 211.00 | 212.21 | 213.33 | 214.54 |
| Camarilla | 210.44 | 210.65 | 210.87 | 211.08 | 211.29 | 211.51 | 211.72 |
| Woodie | 207.59 | 208.69 | 209.92 | 211.02 | 212.25 | 213.35 | 214.58 |
| Fibonacci | 208.67 | 209.56 | 210.11 | 211.00 | 211.89 | 212.44 | 213.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 195.64 | 199.85 | 207.34 | 211.55 | 219.04 | 223.25 | 230.74 |
| Camarilla | 211.61 | 212.69 | 213.76 | 214.83 | 215.90 | 216.98 | 218.05 |
| Woodie | 197.28 | 200.67 | 208.98 | 212.37 | 220.68 | 224.07 | 232.38 |
| Fibonacci | 199.85 | 204.32 | 207.08 | 211.55 | 216.02 | 218.78 | 223.25 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 152.89 | 178.16 | 197.37 | 222.64 | 241.85 | 267.12 | 286.33 |
| Camarilla | 204.34 | 208.42 | 212.49 | 216.57 | 220.65 | 224.73 | 228.80 |
| Woodie | 149.85 | 176.65 | 194.33 | 221.13 | 238.81 | 265.61 | 283.29 |
| Fibonacci | 178.16 | 195.16 | 205.65 | 222.64 | 239.64 | 250.13 | 267.12 |
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): | 48.80 | |
| MACD (12,26,9): | -0.1200 | |
| Directional Movement: | -4.99 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 210.68 | |
| Parabolic SAR (0,02-0,02-0,2): | 211.48 | |
| Elder Ray (13): | 0.08 | |
| Super Trend (3,10): | 211.99 | |
| Zig ZAG (10): | 210.94 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 55.00 | |
| TEMA (21): | 210.89 | |
| Williams %R (14): | -41.88 | |
| Chande Momentum Oscillator (20): | -0.17 | |
| Repulse (5,40,3): | 0.1400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.02 |
| MA7: | 213.84 | |
| MA20: | 213.52 | |
| MA50: | 221.23 | |
| MA100: | 231.56 | |
| MAexp7: | 210.80 | |
| MAexp20: | 210.86 | |
| MAexp50: | 211.49 | |
| MAexp100: | 212.60 | |
| Price / MA7: | -1.34% | |
| Price / MA20: | -1.19% | |
| Price / MA50: | -4.64% | |
| Price / MA100: | -8.89% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | -0.25% | |
| Price / MAexp100: | -0.77% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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