BINANCE COIN - BNB/USDT - 1H - Technical analysis published on 03/11/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
56%
28%
My opinion
Bullish above 504.45 USDT
My targets
535.12 USDT (+3.26%)
581.93 USDT (+12.30%)
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 504.45 USDT remains possible. It is advisable to trade BINANCE COIN - BNB/USDT with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 504.45 USDT. The next bullish objective for buyers is set at 535.12 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 581.93 USDT. If there is any crossing, the next objective would be the resistance located at 653.97 USDT. PS: if there is a bearish break in the support located at 504.45 USDT 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, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
Force
0
10
1.3
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This analysis was given by Medhanie. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BINANCE COIN - BNB/USDT rating 518.20 USDT. On the day, this instrument lost -2.02% with the lowest point at 506.31 USDT and the highest point at 533.68 USDT. The deviation from the price is +2.35% for the low point and -2.90% for the high point.506.31
533.68
518.20
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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
A technical analysis in 1H of this BINANCE COIN - BNB/USDT chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of these bearish patterns in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term were also noted
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 463.17 | 489.57 | 504.45 | 518.20 | 653.97 |
| Change (%) | -10.62% | -5.52% | -2.65% | - | +26.20% |
| Change | -55.03 | -28.63 | -13.75 | - | +135.77 |
| Level | Intermediate | Intermediate | Minor | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 444.55 | 464.72 | 496.81 | 516.98 | 549.07 | 569.24 | 601.33 |
| Camarilla | 514.52 | 519.31 | 524.10 | 528.89 | 533.68 | 538.47 | 543.26 |
| Woodie | 450.50 | 467.70 | 502.76 | 519.96 | 555.02 | 572.22 | 607.28 |
| Fibonacci | 464.72 | 484.69 | 497.02 | 516.98 | 536.95 | 549.28 | 569.24 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 265.00 | 311.81 | 400.06 | 446.87 | 535.12 | 581.93 | 670.18 |
| Camarilla | 451.16 | 463.54 | 475.92 | 488.30 | 500.68 | 513.06 | 525.44 |
| Woodie | 285.71 | 322.17 | 420.77 | 457.23 | 555.83 | 592.29 | 690.89 |
| Fibonacci | 311.81 | 363.41 | 395.28 | 446.87 | 498.47 | 530.34 | 581.93 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 190.65 | 243.53 | 321.47 | 374.35 | 452.29 | 505.17 | 583.11 |
| Camarilla | 363.43 | 375.42 | 387.41 | 399.40 | 411.39 | 423.38 | 435.38 |
| Woodie | 203.17 | 249.80 | 333.99 | 380.62 | 464.81 | 511.44 | 595.63 |
| Fibonacci | 243.53 | 293.51 | 324.38 | 374.35 | 424.33 | 455.20 | 505.17 |
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): | 46.92 | |
| MACD (12,26,9): | 0.5100 | |
| Directional Movement: | -7.57 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 521.98 | |
| Parabolic SAR (0,02-0,02-0,2): | 533.25 | |
| Elder Ray (13): | -3.83 | |
| Super Trend (3,10): | 510.70 | |
| Zig ZAG (10): | 516.99 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 21.83 | |
| TEMA (21): | 517.97 | |
| Williams %R (14): | -71.77 | |
| Chande Momentum Oscillator (20): | -1.77 | |
| Repulse (5,40,3): | -0.1700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 0.71 |
| MA7: | 474.00 | |
| MA20: | 424.28 | |
| MA50: | 360.43 | |
| MA100: | 321.30 | |
| MAexp7: | 518.48 | |
| MAexp20: | 520.04 | |
| MAexp50: | 511.97 | |
| MAexp100: | 494.09 | |
| Price / MA7: | +9.32% | |
| Price / MA20: | +22.14% | |
| Price / MA50: | +43.77% | |
| Price / MA100: | +61.28% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.35% | |
| Price / MAexp50: | +1.22% | |
| Price / MAexp100: | +4.88% |
Quotes :
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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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