BINANCE COIN - BNB/USD - 1H - Technical analysis published on 03/01/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
83%
0%
17%
My opinion
Bullish above 593.35 USD
My targets
606.45 USD (+1.38%)
630.86 USD (+5.46%)
My analysis
The strong short-term increase in BINANCE COIN - BNB/USD calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 593.35 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 606.45 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 630.86 USD as an objective. Crossing it would then enable buyers to target 661.48 USD. Caution, a return under 593.35 USD could jeopardize the reversal.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
3.4
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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 598.22 USD. On the day, this instrument gained +1.79% with the lowest point at 586.33 USD and the highest point at 602.50 USD. The deviation from the price is +2.03% for the low point and -0.71% for the high point.586.33
602.50
598.22
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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:
Technical
Technical analysis of BINANCE COIN - BNB/USD in 1H shows an overall slightly bearish trend. 53.57% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 559.10 | 569.41 | 593.35 | 598.22 | 606.45 | 630.86 | 661.48 |
| Change (%) | -6.54% | -4.82% | -0.81% | - | +1.38% | +5.46% | +10.57% |
| Change | -39.12 | -28.81 | -4.87 | - | +8.23 | +32.64 | +63.26 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | Major | Intermediate |
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 | 515.51 | 537.31 | 562.51 | 584.31 | 609.51 | 631.31 | 656.51 |
| Camarilla | 574.80 | 579.10 | 583.41 | 587.72 | 592.03 | 596.34 | 600.65 |
| Woodie | 517.22 | 538.16 | 564.22 | 585.16 | 611.22 | 632.16 | 658.22 |
| Fibonacci | 537.31 | 555.26 | 566.35 | 584.31 | 602.26 | 613.35 | 631.31 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 581.00 | 605.45 | 637.02 | 661.47 | 693.04 | 717.49 | 749.06 |
| Camarilla | 653.19 | 658.32 | 663.46 | 668.59 | 673.73 | 678.86 | 684.00 |
| Woodie | 584.56 | 607.23 | 640.58 | 663.25 | 696.60 | 719.27 | 752.62 |
| Fibonacci | 605.45 | 626.85 | 640.07 | 661.47 | 682.87 | 696.09 | 717.49 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 255.24 | 379.50 | 483.61 | 607.87 | 711.98 | 836.24 | 940.35 |
| Camarilla | 524.92 | 545.85 | 566.79 | 587.72 | 608.65 | 629.59 | 650.52 |
| Woodie | 245.17 | 374.46 | 473.54 | 602.83 | 701.91 | 831.20 | 930.28 |
| Fibonacci | 379.50 | 466.74 | 520.63 | 607.87 | 695.11 | 749.00 | 836.24 |
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): | 55.36 | |
| MACD (12,26,9): | 1.9700 | |
| Directional Movement: | 10.51 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 594.72 | |
| Parabolic SAR (0,02-0,02-0,2): | 590.80 | |
| Elder Ray (13): | 1.48 | |
| Super Trend (3,10): | 583.14 | |
| Zig ZAG (10): | 596.37 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 76.70 | |
| TEMA (21): | 598.42 | |
| Williams %R (14): | -21.98 | |
| Chande Momentum Oscillator (20): | 3.38 | |
| Repulse (5,40,3): | 0.3000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 2.36 |
| MA7: | 613.38 | |
| MA20: | 642.60 | |
| MA50: | 654.56 | |
| MA100: | 673.22 | |
| MAexp7: | 594.88 | |
| MAexp20: | 592.44 | |
| MAexp50: | 593.85 | |
| MAexp100: | 602.74 | |
| Price / MA7: | -2.47% | |
| Price / MA20: | -6.91% | |
| Price / MA50: | -8.61% | |
| Price / MA100: | -11.14% | |
| Price / MAexp7: | +0.56% | |
| Price / MAexp20: | +0.98% | |
| Price / MAexp50: | +0.74% | |
| Price / MAexp100: | -0.75% |
Quotes :
-
Real time data
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CoinMarketCap
This member declared not having a position on this financial instrument or a related financial instrument.
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