BINANCE COIN - BNB/USD - 1H - Technical analysis published on 09/24/2024 (GMT)
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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:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
22%
28%
50%
My opinion
Bullish above 599.51 USD
My targets
615.90 USD (+1.89%)
630.86 USD (+4.36%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BINANCE COIN - BNB/USD as long as the price remains well above 599.51 USD. The buyers' bullish objective is set at 615.90 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 630.86 USD. If there is any crossing, the next objective would be the resistance located at 711.20 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
5.9
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
BINANCE COIN - BNB/USD rating 604.49 USD. On the day, this instrument lost -0.03% with the lowest point at 600.21 USD and the highest point at 609.20 USD. The deviation from the price is +0.71% for the low point and -0.77% for the high point.600.21
609.20
604.49
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
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:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of BINANCE COIN - BNB/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 9 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bearish signals that could support the hypothesis of a small drop in the very short term:
Black gravestone / inverted hammer
Type : Bearish
Timeframe : 1 hour
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 576.67 | 592.05 | 599.51 | 604.49 | 615.90 | 630.86 | 711.20 |
| Change (%) | -4.60% | -2.06% | -0.82% | - | +1.89% | +4.36% | +17.65% |
| Change | -27.82 | -12.44 | -4.98 | - | +11.41 | +26.37 | +106.71 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 553.36 | 568.11 | 586.39 | 601.14 | 619.42 | 634.17 | 652.45 |
| Camarilla | 595.58 | 598.61 | 601.63 | 604.66 | 607.69 | 610.72 | 613.74 |
| Woodie | 555.12 | 568.99 | 588.15 | 602.02 | 621.18 | 635.05 | 654.21 |
| Fibonacci | 568.11 | 580.73 | 588.53 | 601.14 | 613.76 | 621.56 | 634.17 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 483.74 | 505.44 | 547.13 | 568.83 | 610.52 | 632.22 | 673.91 |
| Camarilla | 571.38 | 577.19 | 583.00 | 588.81 | 594.62 | 600.43 | 606.24 |
| Woodie | 493.73 | 510.44 | 557.12 | 573.83 | 620.51 | 637.22 | 683.90 |
| Fibonacci | 505.44 | 529.66 | 544.62 | 568.83 | 593.05 | 608.01 | 632.22 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 332.37 | 398.69 | 465.79 | 532.11 | 599.21 | 665.53 | 732.63 |
| Camarilla | 496.21 | 508.44 | 520.67 | 532.90 | 545.13 | 557.36 | 569.59 |
| Woodie | 332.77 | 398.89 | 466.19 | 532.31 | 599.61 | 665.73 | 733.03 |
| Fibonacci | 398.69 | 449.65 | 481.14 | 532.11 | 583.07 | 614.56 | 665.53 |
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): | 59.02 | |
| MACD (12,26,9): | 3.5200 | |
| Directional Movement: | 10.76 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 607.46 | |
| Parabolic SAR (0,02-0,02-0,2): | 614.28 | |
| Elder Ray (13): | 1.31 | |
| Super Trend (3,10): | 597.85 | |
| Zig ZAG (10): | 603.87 | |
| VORTEX (21): | 1.1500 | |
| Stochastique (14,3,5): | 50.70 | |
| TEMA (21): | 607.28 | |
| Williams %R (14): | -50.52 | |
| Chande Momentum Oscillator (20): | -3.14 | |
| Repulse (5,40,3): | -0.6600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 2.94 |
| MA7: | 582.98 | |
| MA20: | 546.08 | |
| MA50: | 538.58 | |
| MA100: | 550.08 | |
| MAexp7: | 604.52 | |
| MAexp20: | 602.39 | |
| MAexp50: | 595.08 | |
| MAexp100: | 585.94 | |
| Price / MA7: | +3.69% | |
| Price / MA20: | +10.70% | |
| Price / MA50: | +12.24% | |
| Price / MA100: | +9.89% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | +0.35% | |
| Price / MAexp50: | +1.58% | |
| Price / MAexp100: | +3.17% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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