BINANCE COIN - BNB/USD - 1H - Technical analysis published on 11/18/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 630.86 USD
My targets
606.66 USD (-1.53%)
599.41 USD (-2.71%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BINANCE COIN - BNB/USD as long as the price remains well below 630.86 USD. The sellers' bearish objective is set at 606.66 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 599.41 USD. In case of crossing, the next objective would be the support located at 588.10 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
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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 price is 616.10 USD. The price is lower by -0.42% since the last closing and was between 612.17 USD and 631.43 USD. This implies that the price is at +0.64% from its lowest and at -2.43% from its highest.612.17
631.43
616.10
Here is a more detailed summary of the historical variations registered by BINANCE COIN - BNB/USD:
Technical
Technical analysis of this 1H chart of BINANCE COIN - BNB/USD indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 5 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
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 | 588.10 | 599.41 | 606.66 | 616.10 | 630.86 | 638.63 | 660.63 |
| Change (%) | -4.54% | -2.71% | -1.53% | - | +2.40% | +3.66% | +7.23% |
| Change | -28.00 | -16.69 | -9.44 | - | +14.76 | +22.53 | +44.53 |
| Level | Minor | Minor | Major | - | Intermediate | Intermediate | Minor |
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 | 558.03 | 581.67 | 600.19 | 623.83 | 642.35 | 665.99 | 684.51 |
| Camarilla | 607.11 | 610.97 | 614.84 | 618.70 | 622.57 | 626.43 | 630.29 |
| Woodie | 555.46 | 580.39 | 597.62 | 622.55 | 639.78 | 664.71 | 681.94 |
| Fibonacci | 581.67 | 597.78 | 607.73 | 623.83 | 639.94 | 649.89 | 665.99 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 523.36 | 561.38 | 591.94 | 629.96 | 660.52 | 698.54 | 729.10 |
| Camarilla | 603.64 | 609.93 | 616.21 | 622.50 | 628.79 | 635.07 | 641.36 |
| Woodie | 519.63 | 559.52 | 588.21 | 628.10 | 656.79 | 696.68 | 725.37 |
| Fibonacci | 561.38 | 587.58 | 603.76 | 629.96 | 656.16 | 672.34 | 698.54 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 457.87 | 496.08 | 535.89 | 574.10 | 613.91 | 652.12 | 691.93 |
| Camarilla | 554.25 | 561.40 | 568.55 | 575.70 | 582.85 | 590.00 | 597.16 |
| Woodie | 458.67 | 496.48 | 536.69 | 574.50 | 614.71 | 652.52 | 692.73 |
| Fibonacci | 496.08 | 525.88 | 544.30 | 574.10 | 603.90 | 622.32 | 652.12 |
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): | 40.74 | |
| MACD (12,26,9): | -1.3300 | |
| Directional Movement: | -1.30 | |
| AROON (14): | 35.72 | |
| DEMA (21): | 619.53 | |
| Parabolic SAR (0,02-0,02-0,2): | 612.56 | |
| Elder Ray (13): | -2.87 | |
| Super Trend (3,10): | 638.22 | |
| Zig ZAG (10): | 614.06 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 41.08 | |
| TEMA (21): | 618.99 | |
| Williams %R (14): | -89.36 | |
| Chande Momentum Oscillator (20): | -10.50 | |
| Repulse (5,40,3): | -1.1500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 1.50 |
| MA7: | 621.18 | |
| MA20: | 601.60 | |
| MA50: | 588.55 | |
| MA100: | 568.37 | |
| MAexp7: | 620.57 | |
| MAexp20: | 621.28 | |
| MAexp50: | 622.73 | |
| MAexp100: | 623.30 | |
| Price / MA7: | -0.82% | |
| Price / MA20: | +2.41% | |
| Price / MA50: | +4.68% | |
| Price / MA100: | +8.40% | |
| Price / MAexp7: | -0.72% | |
| Price / MAexp20: | -0.83% | |
| Price / MAexp50: | -1.06% | |
| Price / MAexp100: | -1.16% |
Quotes :
-
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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