BINANCE COIN - BNB/BTC

- BTC (-)

- Real time data - Cryptocompare

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Change:	-
Volume:	-

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High / Low range:	-

Type:	Cryptocurrencies
Ticker:	BNBBTC
ISIN:

BINANCE COIN - BNB/BTC - Weekly - Technical analysis published on 02/08/2022 (GMT)

Londinia

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

17%

39%

44%

My opinion

Bullish above 0.007189 BTC

My targets

0.010279 BTC (+10.44%)

0.012090 BTC (+29.90%)

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 0.007189 BTC remains possible. It is advisable to trade BINANCE COIN - BNB/BTC with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.007189 BTC. The next bullish objective for buyers is set at 0.010279 BTC. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.012090 BTC. PS: if there is a bearish break in the support located at 0.007189 BTC 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.

Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

2.5

Comment on the analysis

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 Rom_bitc. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BINANCE COIN - BNB/BTC rating is 0.009307 BTC. The price is lower by -6.45% over the 5 days and has been traded over the last 5 days between 0.009572 BTC and 0.010361 BTC. This implies that the 5 day price is -2.77% from its lowest point and -10.17% from its highest point.

0.009572

0.010361

0.009307

Here is a more detailed summary of the historical variations registered by BINANCE COIN - BNB/BTC:

The Central Records scanner for higher/lower results shows the following items:

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Weekly of this BINANCE COIN - BNB/BTC chart shows a 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. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Weekly

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Weekly

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Weekly

In fact, according to the parameters integrated into the Central Analyzer system, only 7 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Weekly

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

RSI indicator is back under 50

Type : Bearish

Timeframe : Weekly

Momentum indicator is back under 0

Type : Bearish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near support of channel

Type : Bullish

Timeframe : Weekly

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Bearish engulfing lines

Type : Bearish

Timeframe : Weekly

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	0.002528	0.004378	0.007189	0.009307	0.010279	0.012090
Change (%)	-72.84%	-52.96%	-22.76%	-	+10.44%	+29.90%
Change	-0.006779	-0.004929	-0.002118	-	+0.000972	+0.002783
Level	Intermediate	Minor	Major	-	Intermediate	Major

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	0.009489	0.009661	0.009775	0.009947	0.010061	0.010233	0.010347
Camarilla	0.009809	0.009836	0.009862	0.009888	0.009914	0.009940	0.009967
Woodie	0.009459	0.009647	0.009745	0.009933	0.010031	0.010219	0.010317
Fibonacci	0.009661	0.009771	0.009838	0.009947	0.010057	0.010124	0.010233

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.008805	0.009188	0.009594	0.009977	0.010383	0.010766	0.011172
Camarilla	0.009782	0.009854	0.009927	0.009999	0.010071	0.010144	0.010216
Woodie	0.008816	0.009194	0.009605	0.009983	0.010394	0.010772	0.011183
Fibonacci	0.009188	0.009490	0.009676	0.009977	0.010279	0.010465	0.010766

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.007157	0.008438	0.009087	0.010368	0.011017	0.012298	0.012947
Camarilla	0.009204	0.009381	0.009558	0.009735	0.009912	0.010089	0.010266
Woodie	0.006840	0.008280	0.008770	0.010210	0.010700	0.012140	0.012630
Fibonacci	0.008438	0.009176	0.009631	0.010368	0.011106	0.011561	0.012298

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):	47.60
MACD (12,26,9):	0.0005
Directional Movement:	1.897563
AROON (14):	35.714286
DEMA (21):	0.010742
Parabolic SAR (0,02-0,02-0,2):	0.012122
Elder Ray (13):	-0.000504
Super Trend (3,10):	0.007781
Zig ZAG (10):	0.009441
VORTEX (21):	1.0335
Stochastique (14,3,5):	34.87
TEMA (21):	0.010450
Williams %R (14):	-89.50
Chande Momentum Oscillator (20):	-0.000568
Repulse (5,40,3):	-13.0306
ROCnROLL:	-1
TRIX (15,9):	1.0163
Courbe Coppock:	36.26

MA7:	0.009809
MA20:	0.010105
MA50:	0.010630
MA100:	0.010577
MAexp7:	0.010195
MAexp20:	0.010023
MAexp50:	0.008613
MAexp100:	0.006685
Price / MA7:	-5.12%
Price / MA20:	-7.90%
Price / MA50:	-12.45%
Price / MA100:	-12.01%
Price / MAexp7:	-8.71%
Price / MAexp20:	-7.14%
Price / MAexp50:	+8.06%
Price / MAexp100:	+39.22%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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