BINANCE COIN - BNB/USD - 1H - Technical analysis published on 10/19/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 592.05 USD
My targets
606.20 USD (+1.32%)
630.86 USD (+5.44%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 592.05 USD remains possible. It is advisable to trade BINANCE COIN - BNB/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 592.05 USD. The next bullish objective for buyers is set at 606.20 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. PS: if there is a bearish break in the support located at 592.05 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.9
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 598.32 USD. The price registered a decrease of -0.13% on the session with the lowest point at 597.10 USD and the highest point at 601.30 USD. The deviation from the price is +0.20% for the low point and -0.50% for the high point.597.10
601.30
598.32
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
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 BINANCE COIN - BNB/USD in 1H shows an overall bullish trend. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 8 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 577.55 | 585.15 | 592.05 | 598.32 | 600.18 | 606.20 | 630.86 |
| Change (%) | -3.47% | -2.20% | -1.05% | - | +0.31% | +1.32% | +5.44% |
| Change | -20.77 | -13.17 | -6.27 | - | +1.86 | +7.88 | +32.54 |
| Level | Intermediate | Minor | Major | - | 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 | 581.75 | 586.62 | 592.85 | 597.72 | 603.95 | 608.82 | 615.05 |
| Camarilla | 596.03 | 597.05 | 598.06 | 599.08 | 600.10 | 601.12 | 602.13 |
| Woodie | 582.43 | 586.96 | 593.53 | 598.06 | 604.63 | 609.16 | 615.73 |
| Fibonacci | 586.62 | 590.86 | 593.48 | 597.72 | 601.96 | 604.58 | 608.82 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 520.92 | 536.01 | 556.22 | 571.31 | 591.52 | 606.61 | 626.82 |
| Camarilla | 566.72 | 569.96 | 573.19 | 576.43 | 579.67 | 582.90 | 586.14 |
| Woodie | 523.48 | 537.29 | 558.78 | 572.59 | 594.08 | 607.89 | 629.38 |
| Fibonacci | 536.01 | 549.50 | 557.83 | 571.31 | 584.80 | 593.13 | 606.61 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 339.17 | 405.23 | 486.30 | 552.36 | 633.43 | 699.49 | 780.56 |
| Camarilla | 526.91 | 540.40 | 553.88 | 567.37 | 580.86 | 594.34 | 607.83 |
| Woodie | 346.68 | 408.98 | 493.81 | 556.11 | 640.94 | 703.24 | 788.07 |
| Fibonacci | 405.23 | 461.43 | 496.16 | 552.36 | 608.56 | 643.29 | 699.49 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 50.73 | |
| MACD (12,26,9): | 0.2900 | |
| Directional Movement: | 1.36 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 598.92 | |
| Parabolic SAR (0,02-0,02-0,2): | 601.36 | |
| Elder Ray (13): | -0.18 | |
| Super Trend (3,10): | 594.21 | |
| Zig ZAG (10): | 598.32 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 21.44 | |
| TEMA (21): | 598.50 | |
| Williams %R (14): | -75.48 | |
| Chande Momentum Oscillator (20): | -0.65 | |
| Repulse (5,40,3): | -0.0800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.52 |
| MA7: | 592.32 | |
| MA20: | 573.24 | |
| MA50: | 559.49 | |
| MA100: | 554.95 | |
| MAexp7: | 598.23 | |
| MAexp20: | 598.33 | |
| MAexp50: | 597.15 | |
| MAexp100: | 594.26 | |
| Price / MA7: | +1.01% | |
| Price / MA20: | +4.38% | |
| Price / MA50: | +6.94% | |
| Price / MA100: | +7.82% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.00% | |
| Price / MAexp50: | +0.20% | |
| Price / MAexp100: | +0.68% |
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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