Londinia Opportunities Analyses - 08/30/2024 (GMT) BINANCE COIN - BNB/ETH - 1H

BINANCE COIN - BNB/ETH
- ETH (-)
- Real time data - Cryptocompare
Type: Cryptocurrencies
Ticker: BNBETH
ISIN:

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
  • Cryptocurrencies
  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 0.211569 ETH
My targets
0.219798 ETH (+2.49%)
0.222235 ETH (+3.63%)
My analysis
The bullish trend is currently very strong on BINANCE COIN - BNB/ETH. As long as the price remains above the support at 0.211569 ETH, you could try to benefit from the boom. The first bullish objective is located at 0.219798 ETH. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.222235 ETH as an objective. Crossing it would then enable buyers to target 0.226226 ETH. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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
8.6

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Additional analysis

Quotes

BINANCE COIN - BNB/ETH rating 0.214452 ETH. On the day, this instrument gained +1.06% and was traded between 0.210302 ETH and 0.216471 ETH over the period. The price is currently at +1.97% from its lowest and -0.93% from its highest.

0.210302
0.216471
0.214452

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of BINANCE COIN - BNB/ETH indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a strong bullish signal.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.203337 0.207384 0.211569 0.214452 0.214507 0.219798 0.222235
Change (%) -5.18% -3.30% -1.34% - +0.03% +2.49% +3.63%
Change -0.011115 -0.007068 -0.002883 - +0.000055 +0.005346 +0.007783
Level Major Intermediate Minor - Intermediate Intermediate Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.2043080.2068040.2095020.2119980.2146960.2171920.219890
Camarilla0.2107710.2112470.2117230.2121990.2126750.2131510.213627
Woodie0.2044080.2068550.2096020.2120490.2147960.2172430.219990
Fibonacci0.2068040.2087880.2100140.2119980.2139820.2152080.217192


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1722270.1862990.1980830.2121550.2239390.2380110.249795
Camarilla0.2027580.2051280.2074980.2098680.2122380.2146080.216978
Woodie0.1710840.1857270.1969400.2115830.2227960.2374390.248652
Fibonacci0.1862990.1961760.2022780.2121550.2220320.2281340.238011


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1521950.1588480.1685930.1752460.1849910.1916440.201389
Camarilla0.1738290.1753320.1768350.1783380.1798410.1813440.182848
Woodie0.1537410.1596210.1701390.1760190.1865370.1924170.202935
Fibonacci0.1588480.1651120.1689820.1752460.1815100.1853800.191644

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): 58.10
MACD (12,26,9): 0.0006
Directional Movement: 19.021603
AROON (14): 78.571429
DEMA (21): 0.213756
Parabolic SAR (0,02-0,02-0,2): 0.212841
Elder Ray (13): 0.000526
Super Trend (3,10): 0.211690
Zig ZAG (10): 0.214271
VORTEX (21): 1.1274
Stochastique (14,3,5): 66.05
TEMA (21): 0.214446
Williams %R (14): -36.73
Chande Momentum Oscillator (20): 0.003385
Repulse (5,40,3): -0.1239
ROCnROLL: 1
TRIX (15,9): 0.0210
Courbe Coppock: 2.34
MA7: 0.211344
MA20: 0.207828
MA50: 0.190103
MA100: 0.179338
MAexp7: 0.214073
MAexp20: 0.213072
MAexp50: 0.212645
MAexp100: 0.212338
Price / MA7: +1.47%
Price / MA20: +3.19%
Price / MA50: +12.81%
Price / MA100: +19.58%
Price / MAexp7: +0.18%
Price / MAexp20: +0.65%
Price / MAexp50: +0.85%
Price / MAexp100: +1.00%

Quotes : - Real time data - Cryptocompare