BINANCE COIN - BNB/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	BNBUSD
ISIN:

BINANCE COIN - BNB/USD - 1H - Technical analysis published on 05/12/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

39%

My opinion

Bullish above 585.55 USD

My targets

597.03 USD (+0.90%)

602.62 USD (+1.84%)

My analysis

BINANCE COIN - BNB/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 585.55 USD. The next resistance located at 597.03 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 602.62 USD. After this resistance, buyers could then target 630.86 USD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

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

Additional analysis

Quotes

The BINANCE COIN - BNB/USD rating is 591.72 USD. On the day, this instrument lost -0.04% and was traded between 587.30 USD and 594.30 USD over the period. The price is currently at +0.75% from its lowest and -0.43% from its highest.

587.30

594.30

591.72

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

Bearish opening

Type : Bearish

Timeframe : Openning

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

Technical

Technical analysis of BINANCE COIN - BNB/USD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Piercing line

Type : Bullish

Timeframe : 1 hour

Bearish harami cross

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	579.53	585.55	590.19	591.72	597.03	602.62	630.86
Change (%)	-2.06%	-1.04%	-0.26%	-	+0.90%	+1.84%	+6.61%
Change	-12.19	-6.17	-1.53	-	+5.31	+10.90	+39.14
Level	Major	Minor	Minor	-	Intermediate	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	570.00	575.50	583.74	589.24	597.48	602.98	611.22
Camarilla	588.20	589.46	590.72	591.98	593.24	594.50	595.76
Woodie	571.37	576.19	585.11	589.93	598.85	603.67	612.59
Fibonacci	575.50	580.75	583.99	589.24	594.49	597.73	602.98

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	545.52	560.19	576.09	590.76	606.66	621.33	637.23
Camarilla	583.57	586.38	589.18	591.98	594.78	597.59	600.39
Woodie	546.13	560.50	576.70	591.07	607.27	621.64	637.84
Fibonacci	560.19	571.87	579.09	590.76	602.44	609.66	621.33

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	399.58	456.23	517.10	573.75	634.62	691.27	752.14
Camarilla	545.66	556.44	567.21	577.98	588.75	599.53	610.30
Woodie	401.70	457.29	519.22	574.81	636.74	692.33	754.26
Fibonacci	456.23	501.12	528.85	573.75	618.64	646.37	691.27

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):	61.14
MACD (12,26,9):	0.7400
Directional Movement:	5.22
AROON (14):	35.71
DEMA (21):	592.39
Parabolic SAR (0,02-0,02-0,2):	588.07
Elder Ray (13):	1.93
Super Trend (3,10):	594.89
Zig ZAG (10):	594.01
VORTEX (21):	1.0700
Stochastique (14,3,5):	91.06
TEMA (21):	592.81
Williams %R (14):	-6.09
Chande Momentum Oscillator (20):	3.00
Repulse (5,40,3):	0.2900
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	0.07

MA7:	588.76
MA20:	590.01
MA50:	582.38
MA100:	503.57
MAexp7:	592.52
MAexp20:	591.48
MAexp50:	590.76
MAexp100:	589.91
Price / MA7:	+0.50%
Price / MA20:	+0.29%
Price / MA50:	+1.60%
Price / MA100:	+17.51%
Price / MAexp7:	-0.14%
Price / MAexp20:	+0.04%
Price / MAexp50:	+0.16%
Price / MAexp100:	+0.31%

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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Londinia AI

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