BINANCE COIN - BNB/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	BNBUSDT
ISIN:

BINANCE COIN - BNB/USDT - Daily - Technical analysis published on 03/01/2021 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

50%

11%

39%

My opinion

Bullish above 196.93 USDT

My targets

282.96 USDT (+11.27%)

325.52 USDT (+28.01%)

My analysis

The bullish trend is currently very strong on BINANCE COIN - BNB/USDT. As long as the price remains above the support at 196.93 USDT, you could try to benefit from the boom. The first bullish objective is located at 282.96 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 325.52 USDT as an objective. 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

7.3

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 Keums91. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BINANCE COIN - BNB/USDT rating is 254.29 USDT. The price has increased by +21.06% since the last closing and was between 209.31 USDT and 259.71 USDT. This implies that the price is at +21.49% from its lowest and at -2.09% from its highest.

209.31

259.71

254.29

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

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

A technical analysis in Daily of this BINANCE COIN - BNB/USDT chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	26.52	38.67	129.73	254.29	325.52
Change (%)	-89.57%	-84.79%	-48.98%	-	+28.01%
Change	-227.77	-215.62	-124.56	-	+71.23
Level	Intermediate	Major	Minor	-	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	159.66	177.35	193.71	211.40	227.76	245.45	261.81
Camarilla	200.70	203.82	206.94	210.06	213.18	216.30	219.42
Woodie	158.99	177.02	193.04	211.07	227.09	245.12	261.14
Fibonacci	177.35	190.36	198.40	211.40	224.41	232.45	245.45

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	69.12	131.61	176.04	238.53	282.96	345.45	389.88
Camarilla	191.06	200.86	210.66	220.46	230.26	240.06	249.86
Woodie	60.08	127.10	167.00	234.02	273.92	340.94	380.84
Fibonacci	131.61	172.46	197.69	238.53	279.38	304.61	345.45

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-237.25	-96.90	56.58	196.93	350.41	490.76	644.24
Camarilla	129.26	156.19	183.13	210.06	236.99	263.93	290.86
Woodie	-230.69	-93.62	63.15	200.21	356.98	494.04	650.81
Fibonacci	-96.90	15.34	84.69	196.93	309.17	378.52	490.76

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):	62.43
MACD (12,26,9):	39.7900
Directional Movement:	14.75
AROON (14):	28.57
DEMA (21):	254.50
Parabolic SAR (0,02-0,02-0,2):	320.94
Elder Ray (13):	13.76
Super Trend (3,10):	173.41
Zig ZAG (10):	254.70
VORTEX (21):	1.1600
Stochastique (14,3,5):	49.65
TEMA (21):	264.38
Williams %R (14):	-39.74
Chande Momentum Oscillator (20):	88.08
Repulse (5,40,3):	11.9500
ROCnROLL:	1
TRIX (15,9):	5.4000
Courbe Coppock:	163.04

MA7:	230.64
MA20:	202.18
MA50:	110.63
MA100:	71.95
MAexp7:	231.58
MAexp20:	200.01
MAexp50:	138.00
MAexp100:	95.46
Price / MA7:	+10.25%
Price / MA20:	+25.77%
Price / MA50:	+129.86%
Price / MA100:	+253.43%
Price / MAexp7:	+9.81%
Price / MAexp20:	+27.14%
Price / MAexp50:	+84.27%
Price / MAexp100:	+166.38%

Quotes : 2021-03-01 23:05:16 - Real time data - Cryptocompare

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

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